Oppenheimer slashes forecast for S&P 500, but still sees stocks rising from here

📆 30.10.2023 16:19:00
📰 CNBC

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Oppenheimer's John Stoltzfus previously had the highest target in the CNBC Market Strategist Survey.

The stock market swoon that began in late summer may have taken the hopes for a massive year off the table, but equities could still rally going into 2024, according to Oppenheimer. John Stoltzfus, the firm's chief investment strategist, said in a note to clients on Monday that he was cutting his year-end 2023 target for the S & P 500 to 4,400 from 4,900. The new target is still nearly 7% above the index's close of 4,117.37 on Friday. .

"We remain positive on equities and view fixed income as highly complementary for diversification purposes though not broadly competitive with equities over the mid- to longer term," Stoltzfus continued. Oppenheimer's new target is still above the average of 4,358 in the CNBC Market Strategist Survey . Stoltzfus previously had the highest target among major Wall Street strategists tracked in the survey.

Написать комментарий

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market today: Asian shares slip after S&P 500 slips ahead of Fed interest rate decisionAsian shares are mostly lower ahead of a Federal Reserve decision this week on interest rates. U.S. futures gained while oil prices fell more than $1 a barrel. On Friday, stocks stumbled on Wall Street. The S&P 500 fell 0.5% and is now in what's called a correction, down 10% from the peak for this year that it hit in July. The Dow fell 1.
Источник: AP - 🏆 728. / 51 Прочитайте больше »