Q3 2024 Winners And Losers And My Outlook For Q4

(8min)

Summary

  • The S&P 500 outperformed the Nasdaq in Q3, gaining 5% versus Nasdaq's 1.59%, driven by strong performances from stocks like Palantir Technologies and Mohawk Industries.
  • Moderna was a notable underperformer, down 45.7%, due to reduced R&D spending and lower Covid vaccine sales forecasts, impacting its growth prospects.
  • Mining stocks like BHP and Rio Tinto could benefit if China’s economic stimulus boosts consumer spending, despite current weak demand.
  • AI-related semiconductor suppliers, such as Nvidia, are expected to rebound in Q4, driven by increased investments in AI hardware and rising server usage.
  • I do much more than just articles at DIY Value Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

From 3rd to 4th quarter symbol. Turned a wooden cube and changed words "Q3" to "Q4". Beautiful orange table, orange background. Business, happy 4th quarter Q4 concept, copy space.

Dzmitry Dzemidovich

Stock markets will end the third quarter rewarding investors with record-breaking returns. The S&P 500 (SPY) added another 5% in the quarter, adding to its year-to-date return of 20%. The widely held index will outperform the technology-heavy Nasdaq (

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This article was written by

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Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics.

Chris runs the investing group DIY Value Investing where he shares his top stock picks of undervalued stocks with catalysts for upside, dividend-income recommendations with quant and payment calendar tracking, high upside plays, and research requests to help you become a better do-it-yourself investor. Learn more.

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