GE Vernova Inc. (GEV) stock forecasts

Summary

It’s happening again. The stock market is bending but not breaking. After a weak open on Monday, stocks recovered around midday as bond yields eased. The S&P 500 ( SPX ) ended flat, the Nasdaq 0.4%, the Nasdaq 100 ( QQQ ) fell 0.3%, and the information technology sector returned 0.7%. Unfortunately, after the 10-year yield fell from 4.8% to 4.77% midday, the yield returned to a high for the day. Looking at stocks in both the SPX and QQQ over the past week, some of the biggest 2024 winners are struggling — many are down 4% to 16%. We wrote about the market until the end of the year, as investors wanted to wait until 2025 to sell their big winners and avoid the capital gains tax. We thought that tax sale decisions should not be part of the selling factor. And some are really paying the price! Vickers Stock Research, a sister company of Argus Research, publishes a weekly internal report outlining trends in internal sentiment. The Vickers one-week sell/buy ratio for the Nasdaq moved into negative territory last week — and in a way that warrants some attention. The ratio now stands at an eye-watering 15.57, compared to 4.54 a week ago, on any reading abo scale.