Fear is in the air, with global equities tumbling and havens on the rise as investors enter a decisive week that could bring a war to Europe, if more diplomatic efforts fail to persuade Russia to back off a Ukraine invasion.
Over the weekend, Goldman Sachs rolled out its own fresh S&P 500 year-end forecast, dropping that to 4,900 from 5,100, which is still 11% higher than where prices closed Friday. Kostin and the team see two-sided risks to their baseline S&P 500 forecast, but “with a larger downside tail,” and offered up three alternative scenarios for stocks apart from that baseline view:
Splunk shares SPLK, -2.76% are surging on reports of a $20 billion takeover offer from Cisco Systems CSCO, -1.77% for the data analytics software company. While COVID-19 restrictions ease up globally, New Zealand and Hong Kong are being overwhelmed by cases, and scientists are warning over what the next mutation could bring.
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Goldman Sachs says these global stocks have strong earnings growth — and tips them to rally more than 50%Goldman's global conviction list contains several stocks which the bank says have strong EPS growth and serious potential upside this year. You are such an inspiration, a humble soul..., Impeccable teacher with regards to life and trading .You have helped us Ondrej_Kobersky never stop the journey begins now. It means get out 😂
Source: CNBC - 🏆 12. / 72 Read more »
Goldman lowers official S&P 500 forecast and also evaluates what a recession would do to stocksGoldman Sachs cut its target for the S&P 500 over the weekend citing higher rates crimping valuations. Sell sell sell Wouldn't you spread fear so you can accumulate at lows? WallStJesus I how these analysts are always so wrong and then think they are correct when they change course. Pathetic.
Source: CNBC - 🏆 12. / 72 Read more »
Goldman Sachs says these global stocks have strong earnings growth — and tips them to rally more than 50%Goldman's global conviction list contains several stocks which the bank says have strong EPS growth and serious potential upside this year. You are such an inspiration, a humble soul..., Impeccable teacher with regards to life and trading .You have helped us Ondrej_Kobersky never stop the journey begins now. It means get out 😂
Source: CNBC - 🏆 12. / 72 Read more »