Factset

Beyond the “Magnificent 7”: How Market Breadth Could Support S&P 500 Performance in 2024

AT50 (MMF), the percent of stocks above their 50DMA, is rebounding sharply away from the oversold threshold.

FactSet’s John Butters laid out a case for the “Magnificent Seven” companies losing the majority of their earnings growth dominance by the end of the year. In “Are the ‘Magnificent 7’ the Top Contributors to Earnings Growth for the S&P 500 for Q1?“, Butters showed how analyst expectations for year-over-year earnings growth for the top … Read more

Alexandria Real Estate Equities: The Wrong Kind of Overcrowded

overcrowded (Credit: Fernando Stankuns, crowded train station on Flickr - https://www.flickr.com/photos/82289802@N00/3976488849)

Alexandria Real Estate (ARE), a real estate investment trust (REIT) specializing in life science buildings, gets much love from analysts. According to Factset, ARE is currently one of the most loved companies in the S&P 500 (SPY). ARE is just one of two stocks whose analyst coverage consists 100% of buy ratings. This high “occupancy … Read more