Welcome Back,

Hello everyone! I hope your are doing amazing this fine Saturday. Today we will be discussing the most recent changes seen in the stock market as well as dive into the reasons behind a potential healthcare industry rise. Enjoy!

Was this email forwarded to you? Click Here to subscribe to never miss a post. If you received this email by accident and wish to unsubscribe click here.

Survey

Thank you to all of you who have already taken our survey!

Number Of Wealth Wagon Members Who Have Completed Survey: 3,306 members

Enhance your Wealth Wagon experience by taking our survey.

Stock Market Investing

Market Recap:

Yesterday, the healthcare sector drove the market, with the S&P 500 gaining a bit at +0.17%, largely due to strong earnings from major pharmaceutical companies. Pfizer (PFE) rose 0.85%, citing positive results from its new oncology drug trials, while Johnson & Johnson (JNJ) stood flat following a decline in interest for the medical devices division. Meanwhile, the NASDAQ climbed 0.13%, weighed down by a selloff in biotech stocks. Oil prices saw a slight decrease, closing at $73.10 per barrel, driven by supply cuts in OPEC nations.

S&P 500: +0.17%
NASDAQ: +0.13%
Dow Jones: -0.15%
Oil Prices: $73.10 per barrel

Stocks to Watch:

Pfizer (PFE): Shares climbed 0.85% yesterday, driven by breakthrough oncology trial results. At its current price of $25/share, analysts project growth to $45/share within a year, bolstered by an expanding drug pipeline.

Palantir Technologies (PLTR): Up 1.8%, and still a favorite in the data analytics space. The company’s growing government contracts could push its stock to $85/share from its current $74/share by the end of 2024.

Today’s Stock Market Tip:

Future Stock Predictions:

The electric vehicle (EV) charging industry is expected to skyrocket as governments ramp up investments in green infrastructure. Companies like ChargePoint (CHPT) could see their stock rise from $1.16/share to $12/share by late 2025, driven by expanding EV adoption. Similarly, Blink Charging (BLNK) is projected to benefit from a 40% increase in U.S. EV charging stations, with potential share growth from $1.56/share to $35/share in the next 18 months.

Get paid for your feedback, become a research participant!

Wynter, a market research platform, is looking for people to become research participants.
Spend a few minutes on surveys or join live sessions. Surveys (5-15 mins) pay $5-$95. Live sessions (30-60 mins) pay $75-$600. Super low-key commitment.

Apply here

*partner

Economic Conditions

Inflation ticked up 0.3% in November, bringing the annual rate to 3.7%, driven by rising energy and housing costs. Meanwhile, the Federal Reserve signaled a pause in rate hikes, keeping the benchmark rate steady at 5.5%. Despite higher borrowing costs, consumer spending rose 1.2% YoY, showing resilience. However, manufacturing output dipped 1.1%, reflecting ongoing supply chain challenges.

The Rise of the Healthcare ETF Market

Healthcare-focused ETFs are gaining traction as investors seek exposure to this recession-resistant sector. Funds like the Health Care Select Sector SPDR ETF (XLV), up 12% YTD, offer diversified access to top-performing pharmaceutical and biotech companies.

For instance, during volatile periods, healthcare stocks often outperform due to steady demand for medical services and products. Moreover, innovations in biotechnology, such as mRNA technology, continue to attract significant funding. Emerging trends like telemedicine and AI-driven diagnostics further expand growth opportunities.

For individual investors, healthcare ETFs are a low-risk entry point into a complex industry. With aging populations worldwide, long-term demand for healthcare is unlikely to wane, making it a strategic addition to any portfolio.

Key Takeaways

• Market Recap: Healthcare stocks boosted the S&P 500, while biotech underperformed.

• Stocks to Watch: Pfizer and Palantir offer distinct growth opportunities in pharmaceuticals and data analytics.

• Tip: Dollar-Cost Averaging minimizes risk and maximizes consistency in volatile markets.

• Predictions: EV charging companies like ChargePoint could see exponential growth by 2025.

• Economic Update: Inflation at 3.7%, with steady consumer spending offset by a decline in manufacturing.

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

Join our Partner Program and start earning up to $20,000 per month, Click here to sign up.

Email marketing for your business, email us at [email protected]

If you are enjoying our posts feel free to follow our Instagram below it helps us out greatly!👇👇👇 Thank You