With S&P back at new highs, now come the price target and earnings revisions

Now that the S & P 500 and most major stock market indexes are at or near historic highs, expect a raft of earnings and year-end price target revisions for the S & P 500 to be coming. Why? Because new highs tend to beget new highs. The S & P at a new highs will "open the door to a 5% to 10% advance over the coming three plus months before enduring another 5%+ decline," Sam Stovall from CFRA said in a note to clients Wednesday night.

S & P year-end price targets Cantor Fitzgerald 4,400 Citigroup 5,100 Deutsche Bank 5,100 Evercore ISI 4,750 Fundstrat 5,200 JPMorgan 4,200 Morgan Stanley 4,500 Scotiabank 4,600 Source: Bloomberg Put it all together, and the average strategist has a year-end price target of 5,095, more than 200 points below the 5,308 close from Wednesday. The median price target is 5,200. And that is with all the upward revisions.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Inflation data commands center stage next week and provides a test for the market rallyThe consumer price index report Wednesday is the most important event on Wall Street next week.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »