S&P 500 investing patterns indicate defensive plays like utilities are lagging, whereas tech remains the primary growth engine. Valuation metrics (PE ~20.4) stay within historical norms for expansion phases. Oracle's total revenue grew 12% year over year last quarter, but that doesn't tell investors about the real momentum happening in the business. The stock is soaring on the accelerating growth in its cloud infrastructure business, where the company is signing deals with major tech companies. In the second quarter, its remaining performance obligations (contracted revenue not yet realized) surged 359% year over year. , ACTV , AFMC , AFSM , ARKK , AVUV , BAPR , IVOO , IVOV , IVV , IVW , IWC , IWM , IWN , IWO , IWP , IWR , IWS , IYY , QQQ , SPLV , SPMD , SPMO , SPMV , SPSM , SPUS , SPUU , SPVM , SPVU , SPXE , SPXL , SPXN , SPXS , SPXT , SPXU , SPXV , SPY , SPYD , SPYG , SPYV , SPYX , SQEW , SQLV , SSO , SSPY , SVAL , SYLD , TMDV , TPHD , TPLC , TPSC , UAUG , UJAN , UMAR , UMAY , UOCT , UPRO , USMC , USMF , USVM , MAGS , SP500 , SPX , DJI , NDX , DIA , VOO The S&P 500 investing outlook for mid-2024 shows resilience, with the index hovering around 5,250 points after strong earnings in tech and consumer sectors. Analysts note improving breadth as 380 of its components trade above their 200-day moving average, signaling bullish momentum. Fed rate stability is boosting equity demand despite lingering inflation data.
