Deutsche Bank hikes price target for Apple, sees more than 15% upside for tech giant
PUBLISHED TUE, JAN 18 20227:11 AM ESTUPDATED 3 HOURS AGO Jesse Pound@JESSERPOUND In this article AAPL-2.87 (-1.66%) The Apple logo is seen on a window of the company’s store in Bangkok on February 14, 2021. Mladen Antonov | AFP | Getty Images Apple is in a good position to surprise Wall Street in 2022, creating a more […]
Goldman’s Kostin says earnings will drive the market in 2022. Here’s his ‘barbell strategy’ for how to play it
PUBLISHED THU, JAN 13 202212:10 PM ESTUPDATED 2 HOURS AGO Hannah Miao@HANNAHMIAO_ David Kostin, Goldman Sachs chief U.S. equity strategist, speaks during an interview with CNBC on the floor of the New York Stock Exchange, July 11, 2018. Brendan McDermid | Reuters Goldman Sachs’ David Kostin sees corporate earnings driving market action this year and […]
Profits for S&P 500 companies rose 22% in the fourth quarter and nearly 50% in 2021, estimates show
PUBLISHED THU, JAN 13 20227:05 AM ESTUPDATED THU, JAN 13 20227:35 AM EST Bob Pisani@BOBPISANI Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022. Brendan McDermid | Reuters Earnings season begins with a focus on guidance. It’s a cliché, but it’s true: Investors are focused on […]
December’s consumer prices are likely to be hot, but the peak could come soon
PUBLISHED TUE, JAN 11 20223:30 PM EST Patti Domm@IN/PATTI-DOMM-9224884/@PATTIDOMM The consumer price index is released by the Labor Department Wednesday and is expected to show headline inflation jumped by 7%, its fastest pace since 1982. The Federal Reserve is already on a path to raise interest rates to battle rising prices. A hot number should […]
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 […]
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. […]