The second half of 2024 has arrived with investors hoping for more gains ahead.
The S & P 500 popped 14.5% in the first six months of the year, reaching record highs. The Nasdaq Composite also ripped to all-time highs, jumping 18%. The Dow Jones Industrial Average lagged with a 3.8% advance but managed to hit record levels as well. Such a strong start to the year historically bodes well for the market in the second half.
Research chief investment strategist Sam Stovall noted the S & P 500 averages a 7.9% gain in the second half after surging more than 10% in the first six months of the year. .SPX YTD mountain SPX year to date Despite the strong gains, there are still opportunities to buy stocks at a discount. Pro screened for stocks that met the following criteria: Price-to-earnings ratio that is at least a 25% discount compared with its five-year P/E Earnings per share growth has averaged more than 5% in the last three years Shares are in the green for the first half of the year Among the stocks that made the list are FedEx , DiamondBack Energy and Chevron . Check out Brian Evans' story for the full list. There are also stocks offering growth at a reasonable price.
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