Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.

According to sources, $Alphabet-A (GOOGL.US)$/$Alphabet-C (GOOG.US)$Google is in talks with the cybersecurity start-up, Wiz, to discuss a potential acquisition. The potential deal could be worth $23 billion. If the deal is reached, it will be the largest acquisition in Google's history. In addition, acquiring Wiz could strengthen Google's position in the field of cloud computing and help it narrow the gap with its competitors.

Investment bank Wedbush said that if Google successfully acquires Wiz, it may have a huge chain reaction on the company's cloud computing business and may lead to more trades in the field of cybersecurity.

Analyst Dan Ives said in an investor report, "For Google, this will be a major gamble in the field of cybersecurity to supplement its flagship GCP cloud computing product." "This will give Google an advantage on many cloud deployments and further profit from the cybersecurity cloud space globally, where less than 50% of workloads are currently on the cloud. After lagging behind in cloud computing arms race, we have seen tremendous success in the past year for Google Cloud under the leadership of CEO Thomas Kurian in cloud computing and its core AI strategy."$Microsoft (MSFT.US)$The analyst added that acquiring Wiz could also enable Google to gain more market share in the field of cybersecurity where CyberArk, Cloudflare, Snyk, Checkpoint, Tenable Holdings and other companies are typically the key players.

The analyst also added that acquiring Wiz would allow Google to gain more market share in the field of cybersecurity. In this field,$Palo Alto Networks (PANW.US)$,$CrowdStrike (CRWD.US)$,$CyberArk (CYBR.US)$,$Cloudflare (NET.US)$Snyk, Checkpoint,$Okta (OKTA.US)$,$Tenable Holdings (TENB.US)$Analyst

The analyst pointed out that any transaction between Google and Wiz (which could be announced as early as this week) could also lead to further merger and acquisition activity in the field of cybersecurity. Morgan Stanley analysts also said that this transaction may raise questions about Wiz's ability to remain neutral and work across clouds, "which could benefit Palo Alto Networks and Crowdstrike in the short term as they both can use their independence as a competitive advantage".

Editor / jayden