Schg stock forecast remains bullish for 2024

SCHG stock forecast remains bullish for 2024, with analysts noting strong performance in large-cap growth sectors. The ETF’s exposure to tech and consumer discretionary names is projected to benefit from continued earnings momentum and macroeconomic stability. Short-term resistance appears near $90, with institutional flows supporting potential breakout. Motley Fool contributor Stefon Walters noted, “Growth stocks are companies expected to outperform the U.S. stock market (generally using the S&P 500 as a proxy) because of their potential for high earnings growth. This growth potential is largely why growth stocks have been the darlings of the market for quite a while now. After all, why wouldn’t investors take a liking to companies that can produce market-beating returns?” As of the end of 2024, SCHG has delivered an annualized three-year return of 11.4 % , an annualized five-year return of 19.8%, and an annualized 10-year return of 16.7 % . These returns beat those of the broader market over each time frame as the Vanguard S&P 500 ETF (VOO), a good stand-in for the broader market and an ETF that has produced strong returns itself, delivered an annualized three-year return of 8.9%, an annualized five-year return of 14.5%, and an annualized 10-year return of 13.1% as of the same date. Investors eye industry earnings surprises as potential upside catalysts.