The investing landscape will likely be much different in 2022 than 2021, but the backdrop is still fertile for more gains on the S&P 500, according to Goldman Sachs. Goldman said Tuesday it expects the S&P 500 (^GSPC) to rise 9% to 5,100 by the end of 2022. If achieved, that would mark a 10% total return including dividends. Through Tuesday, the S&P 500 had advanced about 25% so far in 2021. “The equity bull market will continue,” said David Kostin, Goldman Sachs chief U.S. equity… Source link
Read More »This one simple tailwind will push the bull market to 2038 — here are 3 stocks to ride it
Cathie Wood: This one simple tailwind will push the bull market to 2038 — here are 3 stocks to ride it With inflation running hot, interest rates on the rise, and valuations stretched, even mainstream Wall Street strategists are predicting major corrections. But one super investor remains bullish — Ark Invest founder Cathie Wood. In an interview with Yahoo Finance Live last month, Wood referenced research by Fundstrat’s Thomas Lee that suggests millennials could power the stock market… Source link
Read More »Don’t give up on the bull case just yet: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, October 19, 2021 Jitters over inflation, supply and labor notwithstanding, the bull case is still intact After an encouraging run of bulge-bracket bank results that kicked off third quarter (Q3) earnings, this week’s earnings — which include Netflix (NFLX) and Tesla (TSLA) — will be an acid test for a skittish market that’s still Source link
Read More »Bitcoin’s October price rise suggests near-term crypto bull run amid regulation
Bitcoin and other cryptocurrencies are shooting up the charts this week, continuing their break-away pattern from the stock market over the last month. While bitcoin’s (BTC-USD) volatile behavior still baffles plenty of investors, it’s increasingly the safest bet as regulators worldwide signal a tightening over the crypto sector. While the overall crypto market at times moves in lockstep with other risk-on assets, since October the asset class is showing some divergence. The S&P 500 (^GSPC)… Source link
Read More »The price of Red Bull, other energy drinks may be about to skyrocket
Ingesting 300 milligrams of caffeine before 6:00 a.m. in one shot may be about to get much costlier. And you could blame inflation in aluminum, and energy drink leader Red Bull. “A price increase would be preferable, and meaningfully favorable for trading in Monster shares, but we believe Monster remains committed to following Red Bull (we ascribe a slightly greater than 50/50 likelihood that Red Bull takes price, with an announcement needed before year-end),” said Stifel analyst Mark… Source link
Read More »Millennials will power a bull market in stocks for decades: Ark Invest’s Cathie Wood
Cathie Wood tells Yahoo Finance Live that just like baby boomers have heavily influenced the stock market for decades, their children — aka millennials — will be equally if not more important to the investing landscape in the decades to come. And that is one reason why the closely followed Ark Invest founder and CEO is staying long-term bullish on stocks. “This is the echo of the baby boom,” said Wood on the rise of millennial investors, notably in 2021. Wood referenced research that… Source link
Read More »Goldman’s Currie Says Buy Commodities Dip, Bull Case Intact
(Bloomberg) — The latest steep selloff in commodities markets is a buying opportunity, according to Jeff Currie at Goldman Sachs Group Inc., one of the sector’s biggest bulls. The Bloomberg Commodity Spot Index slumped 3.6% Thursday for its biggest one-day drop in almost 14 months, with soybeans and platinum giving up their gains for the year. The complex has been hit by several bearish factors: the Federal Reserve’s signals on potential interest-rate increases, plus a stronger dollar,… Source link
Read More »The bull market in news is over. Now what?
WASHINGTON, DC – FEBRUARY 29: U.S. President Donald Trump takes questions as Vice President Mike Pence looks on during a news conference at the James Brady Press Briefing Room at the White House February 29, 2020 in Washington, DC. Department of Health in Washington State has reported the first death in the U.S. related to the coronavirus. (Photo by Alex Wong/Getty Images) It was a bit of a moment for me. The scene is early February 2017 and I’m chatting with Rupert Murdoch and Peter Thiel… Source link
Read More »It’s time to play defense as the bull market in stocks turns two: Analyst
Bloomberg LG, SK Reach $1.8 Billion Settlement to End EV Battery Spat (Bloomberg) — Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda.SK Innovation Co. agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two… Source link
Read More »A critical driver of bull markets may be stalling: Morning Brief
TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Analysts Say ‘Buy’ We’ll talk about dividend stocks, but we’ll get there through tax policy. The connection is simple: Government spending is going up, as exemplified by the $1.9 trillion COVID stimulus bill passed this month. Stimulative cash infusions into the economy are likely to boost consumer spending, and there are worries that the Biden Administration has no plans to pay for its increased spending. Several tax proposals made… Source link
Read More »