Posted 3/29/2024, 1:08:19 PM
Stocks Close Out Strong Quarter on Rate Cut Hopes; Amazon, Exxon and Goldman Eyed as April Buys
- The S&P 500 and Nasdaq closed out a strong month and quarter, with AI and rate cut hopes driving gains
- Used a stock screener to identify Amazon, ExxonMobil, and Goldman Sachs as attractive buys in April
- Amazon Q1 earnings on 4/25 expected to show growth, shares undervalued per models
- ExxonMobil Q1 results on 4/26 likely boosted by high oil prices; high dividend payout
- Goldman Sachs Q1 earnings on 4/16 should benefit from dealmaking; shares look undervalued