While Bitcoin (CRYPTO: BTC) started the crypto movement, the arrival of Ethereum (CRYPTO: ETH) altered the trajectory of the asset class forever. As the first programmable blockchain, Ethereum's smart contracts meant developers could build applications like decentralized exchange
Mutual funds offer diversification to investors, allowing them to invest in various stocks simultaneously. These funds provide ample liquidity, facilitating convenient buying and selling. Today, we have focused on a multi-cap fund,
VSMPX
, with the potential to earn more than 10% appreciation in the next twelve months.
Let’s take a closer look at this fund, which offers exposure to stocks with varying market capitalizations.
Vanguard Total Stock Market Index Fund Institutional Plus Shares
The VSMPX fund offers investors exposure to the entire U.S. stock market, including growth and value stocks of small, mid, and
large-cap companies. What stands out is its
significantly low expense ratio of 0.02% and broad diversification. As of today,
VSMPX has 3,794 holdings with total assets of $1.31 trillion.
On TipRanks, VSMPX has a Moderate Buy consensus rating. This is based on 2,322 stocks with a Buy rating, 1,364 stocks with a Hold rating, and 108 stocks with a Sell recommendation. The a
verage VSMPX mutual fund price target of $243.65 implies 11.22% upside potential from the current levels.
VSMPX has delivered a return of about 18% over the past year. Moreover, its top three holdings include
technology giants such as Apple (
NASDAQ:AAPL
), Microsoft (
NASDAQ:MSFT
), and Amazon (
NASDAQ:AMZN
).
Bottom Line
Investors seeking exposure to multi-cap growth and value stocks could consider VSMPX. Moreover, analysts’ average price target suggests that VSMPX provides an upside potential of about 11% over the next 12 months.
Disclosure
U.S. stock index futures rose on Thursday, following a Wall Street selloff in the previous session as the Federal Reserve dashed hopes for early interest rate cuts, with the focus moving to economic data and Big Tech earnings scheduled for later in the day.
If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the Fidelity MSCI Information Technology Index ETF (FTEC), a passively managed exchange traded fund launched on 1
The WisdomTree U.S. LargeCap Dividend ETF (DLN) was launched on 06/16/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Value segment of the US equity market.
Billionaire Stanley Druckenmiller is a former hedge fund manager best known for betting against the British pound in 1992. He managed George Soros' Quantum Fund at the time, and the pair reportedly pocketed a $1 billion profit on the transactions. Meanwhile, Druckenmiller ran his
Investors hoping for imminent rate cuts by the Federal Reserve received a sobering reminder of the U.S. central bank’s focus on fighting inflation, after Chairman Jerome Powell poured cold water on bets policymakers would lower borrowing costs in March.
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Shares of Advanced Micro Devices (NASDAQ: AMD) dropped 2.5% on Wednesday following the chipmaker's release on the prior afternoon of its fourth-quarter 2023 report. The stock's decline is largely attributable to guidance for the first quarter of 2024 coming in lighter than Wall S
This week’s earnings lineup is headlined by quarterly results from big tech giants with Alphabet GOOGL and Microsoft MSFT already reporting after market hours on Tuesday.
A look at the day ahead in Asian markets. While Asia's beaten down stock markets could use a clean slate in February they must first contend with Wall Street's negative reaction to the Federal Reserve's unsurprising decision to hold U.S. rates steady on Wednesday.
U.S. stocks closed sharply lower on the last trading day in January after the Federal Reserve held interest rates steady while reiterating that despite progress, inflation risks remain and dashed hopes for an interest rate cut as soon as March.
U.S. stocks veered lower after the Federal Reserve held interest rates steady while reiterating that despite progress, inflation risks remain and that no rate cuts were imminent.
The Federal Reserve left interest rates unchanged on Wednesday, but took a major step towards lowering them in coming months in a policy statement that tempered inflation concerns with other risks to the economy and dropped a longstanding reference to possible further hikes in borrowing costs.
Meta Platforms will release its Q4 earnings this Thursday after the bell. Here's the earnings preview for META stock, and a look at whether CEO Mark Zuckerberg can come up with a new plan to drive the stock higher.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares S&P 500 Growth ETF, where 19,800,000 units were destroyed, or a 4.1% decrease week over week. Among the largest underlying com
The tech-heavy Nasdaq tumbled to over a week low on Wednesday, as Alphabet's projections for rising AI costs dented most megacap and chip stocks ahead of a crucial Federal Reserve policy decision expected later in the day.
Advanced Micro Devices AMD reported fourth-quarter 2023 non-GAAP earnings of 77 cents per share, in line with the Zacks Consensus Estimate. The figure jumped 11.6% year over year.Revenues of $6.17 billion beat the Zacks Consensus