NVIDIA Corporation (NVDA) Stock Forecasts

Summary

So far, equity investors have enjoyed 2024, with a year-to-date gain in the S&P 500 of approximately 15%. By comparison, the fixed-income benchmark ETF AGG has risen about 1.9%. Looking ahead, our Stock-Bond Barometer model modestly favors stocks over bonds for long-term portfolio positioning. In other words, these asset classes should be near their target weights in diversified portfolios, with a slight tilt toward equities, given the recent decline in interest rates. We are over-weight on large-caps. We favor large-caps for growth exposure and financial strength, while small-caps offer value. Our recommended exposure to small- and mid-caps is 12%-13% of equity allocation, below the benchmark weighting. U.S. stocks have outperformed global stocks over the trailing one- and five-year periods. We expect this long-term trend favoring U.S. stocks to continue, given volatile global economic, political, geopolitical, and currency conditions. That said, international stocks offer favorable near-term valuations, and we target 5%-10% of equity expos