JPMorgan’s top strategist Kolanovic says buy the dip, markets can handle higher yields
PUBLISHED MON, JAN 10 202212:36 PM EST Yun Li@YUNLI626 Traders work on the floor of the New York Stock Exchange (NYSE) on the first day of trading in the new year on January 03, 2022 in New York City. Spencer Platt | Getty Images Wall Street’s top strategist Marko Kolanovic said the sell-off in the […]
Tom Lee, the strategist who has correctly guided through the pandemic, sees more gains next year
PUBLISHED TUE, DEC 21 20219:13 AM EST Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM Tom Lee, Fundstrat Global Advisors Scott Mlyn | CNBC Fundstrat founder Tom Lee says 2022 could be treacherous for stocks, but he still expects the market to end the year higher. The widely-followed analyst, who was among the first to say buy stocks in March 2020, […]
Strategists’ S&P 500 Index Estimates for Year-End 2022 (Table)
Thursday, December 16, 2021 09:37 AM By Lu Wang (Bloomberg) — The table presents estimates from strategists for where the S&P 500 Index will finish 2022 and how much profit companies will generate. S&P 500 Index 2022 Close 2022 EPS Average 4,950 $231 Median 5,000 $232 High 5,330 $245 Low 4,400 $212 No. of replies 19 […]
Goldman’s top U.S. equity strategist sees 10% gain next year with stocks as inflation hedge
PUBLISHED THU, DEC 9 202111:14 AM ESTUPDATED 4 HOURS AGO Maggie Fitzgerald@MKMFITZGERALD A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters For investors looking for a place to hide while inflation is rampant, Goldman Sachs’ top equity strategist said to […]
Holiday sales on track to blow past record for spending, topping retail trade group’s biggest forecast
PUBLISHED FRI, DEC 3 202112:28 PM EST Melissa Repko@MELISSA_REPKO Holiday sales could best even the rosiest expectations for the major shopping season, according to the National Retail Federation. The major trade group’s economist, Jack Kleinhenz, said Friday that spending in November and December could grow as much as 11.5% compared with the same period a […]
Amazon touts record post-Thanksgiving sales amid lackluster Black Friday, Cyber Monday for retailers
PUBLISHED TUE, NOV 30 20211:13 PM EST Annie Palmer@ANNIERPALMER Amazon said it rang up record-breaking sales between Black Friday and Cyber Monday. Meanwhile, U.S. shoppers spent $10.7 billion on Cyber Monday, according to data from Adobe Analytics, marking a 1.4% decline from year-ago levels. Popular purchases on Amazon included Apple AirPods, Fire TV sticks and […]
JPMorgan is out with an official 2022 outlook that sees good things for the market
PUBLISHED TUE, NOV 30 20218:05 AM EST Tanaya Macheel@TANAYAMAC The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images Though JP Morgan thinks stock market gains be may be more modest next year, the firm still sees upside driven by continued earnings growth, one of its analysts said. […]
BMO says the secular bull market is ‘alive and well,’ sets bullish S&P 2022 target
Hannah Miao@HANNAHMIAO_ The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images U.S. stocks are set for another winning year in 2022, according to BMO Capital Markets. Chief investment strategist Brian Belski set an S&P 500 price target of 5,300 for next year, 12.7% higher than the index’s […]
U.S. Retail Sales Jump by Most Since March, Topping Forecasts
Tuesday, November 16, 2021 05:58 AM By Reade Pickert Purchases rose 1.7% in October without adjustment for prices Receipts rose in nearly all categories, including electronics (Bloomberg) — U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades. The value of overall retail purchases increased 1.7% […]
Goldman’s 2022 stock market outlook is out, and the firm sees another strong year
PUBLISHED TUE, NOV 16 202110:08 AM ESTUPDATED AN HOUR AGO Jesse Pound@JESSERPOUND People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The stock market rally should continue through 2022 as the economy and government policy continue to normalize from the […]