Tag Archives: smooth

‘It’s not going to be smooth sailing’ for energy and other cyclicals: Market strategist

Cyclical stocks may be in for a bumpy ride in 2022, as inflation concerns persist and the multiple rate hikes appear imminent, strategists forecast. “I think it’s not going to be a smooth sailing rise higher across the cyclicals,” Megan Horneman, Verdence Capital Advisors Director of Portfolio Strategy. “I still do think you’ll get some tug of war, like you saw today, where some money may rotate back into those growth sectors when you see interest rates decline or the Fed put some… Source link

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Goldman Sachs raises S&P 500 price target, but warns path higher ‘is unlikely to be a smooth one’

Goldman Sachs is getting more bullish on stocks. The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index. Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600. A combination of… Source link

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‘It’s been smooth sailing’ with Russell Westbrook

Bradley Beal is now a week into practices with new teammate Russell Westbrook, and so far, so good. Westbrook, who was traded to the Wizards for John Wall earlier this month, has brought “a new energy” to Washington. “It’s been fun to learn from him, adjusting with him,” Beal said Friday, via ESPN. “Playing with him for the past week, it hasn’t been too crazy, it hasn’t been too big of an adjustment to where it is like, ‘Oh man, damn, it’s a whirlwind.’ “It’s been smooth sailing.” Beal:… Source link

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