Stay upbeat on U.S. stocks, says SocGen, which just boosted its S&P 500 target

It’s CPI day and the mood is a little tense, understandably given expectations for that number to bump up.

“We continue to see support for the S&P 500 from AI-driven investments and fiscal/reshoring manufacturing spending. Further, interest-rate coverage for the largest 10% of U.S. stocks by market cap is near all-time highs, and thus the Fed hikes have had a limited impact on these companies –which are even earning interest on their cash balances,” said the strategist in a note that published Wednesday.

Kabra and his team do see a stumbling block ahead for 2024, with this table laying out their S&P 500 road map: The markets Stock futures ES00, -0.11% NQ00, -0.14% are holding steady ahead of inflation data, with Treasury yields BX:TMUBMUSD10Y BX:TMUBMUSD02Y also going nowhere. It was a mostly weaker day across Asia XX:000300 JP:NIK.For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

S&P 500: How to Protect Your Profits in a Sideways MarketStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

Stock Market Today: S&P 500 steady ahead of CPI reportFollow all the action in U.S. markets as the consumer price index report.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »