News Formal

Evercore ISI says Trump to drive S&P 500 to 6,600 by mid-2025, gives top stocks to play new policies

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 72%

Investment Strategy Nyheter

Stock Markets,Wells Fargo & Co,Goldman Sachs Group Inc

'Expensive has a history of getting more expensive and lasting longer with greater gains,' strategist Julian Emanuel said.

Evercore ISI sees President-elect Donald Trump's White House win as a reason for stocks to move higher. The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. That implies upside of 11.3% from Wednesday's record close. It's also well above Evercore's year-end 2024 target of 6,000 . Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history.

Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said. Evercore has a $575 price target on Goldman, suggesting shares are overvalued and could decline 3.5 % from Wednesday's close, however. They have a $77 target on Wells Fargo, implying 6.3% potential gain for the bank. The analysts also named both firms beneficiaries of a red sweep.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Evercore ISI names stocks that could win under either Trump or Harris winA rise in volatility similar to the run-up of the 2016 and 2020 presidential elections remains base case, the firm said.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Here are Evercore ISI's top chip stock picks into earningsMore than 90 S&P 500 companies have reported results, with 76% of those exceeding estimates, FactSet data shows.
Källa: CNBC - 🏆 12. / 72 Läs mer »

S&P 500: What a Trump Win Looks Like for the Market Now and Into 2025Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: S&P 500. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »