Citigroup Lifts S&P 500 Year-End Target
Major U.S. lender and investment banking company Citigroup lifted its S&P year-end target by 15% as the probability of an economic recession continues to decline amid cooling inflation.
The bank is forecasting the S&P 500 to end on 4,600 points at the end of 2023;...
Forecast for S&P 500 Q2 Earnings Still Weak But Improving
Refinitiv data released on Friday showed that the forecast for second-quarter S&P 500 earnings has improved since last week, despite remaining weak. Earnings results for over half of the companies listed on the index have come out so far.
Q2 earnings for companies are estimated...
S&P 500 Back in Bull Market, Bank of America Confirms
The S&P 500 is at the start of a new bull market after gaining more than 20% following its October lows. Its current run to the bull market of 248 trading days marks the longest bear run on the S&P since 1948.
"We are back...
Morgan Stanley Strategist Expects 20% Drop for US Stocks Later This Year
The US stocks have been on the road to recovery in 2023, with S&P 500 experiencing an 8.20% jump year-to-date and closing the week at 4,137.64 points. However, the good times will soon end, according to Morgan Stanley’s chief US equity strategist Mike Wilson.
Speaking...