, which received new projections from Jefferies, RBC Capital Markets and Deutsche Bank since the calendar turned — analysts have upped their targets after the stocks ran right through the previous ones.
Those updates may provide some breathing room for a market that was quickly converging with consensus expectations, but they likely won't make analysts as bullish as they were a year ago. The average stock in the index entered 2019 with a projected 24% gain, according to Bespoke.
Analysts who cover individual stocks tend to be more bullish than market strategists, who often predict overall levels for the market based on macro trends. Strategists currently predict an average gain of about 3.6% for the S&P 500 for the full year, according to theAnalysts are bullish on fewer companies in their industries as well. Half of all analyst ratings recommended buying a stock at the end of 2019, down from 55.4% the year before.
Big changes one way or the other for the largest stocks in the S&P 500 could have a large impact on the index, even if the average stocks posts only modest gains. For the 10 largest stocks, two —
Hmm they’ve been running for 10 years, you really think they’re getting low on upside? These guys are geniuses!
Not surprising an election year. The market always tends to be volatile because of the the potential shift in the balance of political power and therefore the policies/laws that influence the market or companies in the market.
Wow a real bold prediction!
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »