Nvidia Leads Wall Street Picks with 82% Surge

Wall Street's Top Picks, Energy Sector Surge, and Solar Stocks Rise

Market Performance Overview

Top Wall Street Picks:

• Nvidia (NVDA) leads with an 82% gain in 2024, followed by General Electric (GE) up 41%, DoorDash (DASH) up 40%, Micron Technology (MU) up 39.7%, and Meta Platforms (META) up 39.5%.
• Laggards include Snap down by 32%, Boeing down by 26%, Snowflake down by 19.6%, Roblox down by 17%, and Biogen down by16%.

Market Indices Performance:

• Dow Jones Industrial Average is up by 5.5% in 2024.
• S&P500 has gained10% YTD.
• Nasdaq Composite is up9.25% in the year.
• Russell2000 shows a growth of4.3%.

Market Sentiment & Sector Outlook:

• CNBC Delivering Alpha Survey indicates a potential market pullback as per61% of respondents but Jim Cramer advises against selling preemptively.
• Tech sector favored to be the top performer this year according to61% of respondents, followed by financials at57%. Energy sector also expected to perform well with39% support.

Japan & International Markets

Japan ETF Performance:

• iShares MSCI Japan ETF (EWJ) surged25% over the past year.

International Market Preferences:

• CNBC survey reveals40% favor Japan as the best international market, while26% opt for Europe and only4 % choose China.

Energy Sector Surge

March's Big Winners:

• S&P energy sector soared9.2 % in March, outperforming other sectors like materials.
• Valero leads with18.6 % gain, followed by Marathon Petroleum at16.4 % and Marathon Oil at14%.

Solar Stocks Rally

Optimism Boosts Solar Industry:

• Mizuho reiterates buy rating on SolarEdge citing margin recovery prospects for the year.
• Enphase surged9.5 % today but remains48 % below April2023 high; First Solar also rose9.3 % today being28 % off May2023 high.

Solar Stock Performances Today:

• Invesco Solar ETF (TAN) rose5.5%; Sunrun surged16%; JinkoSolar jumped nearly10%; Canadian Solar climbed7 .9%.