(Bloomberg) — Goldman Sachs Asset Management is skimming off some of its profits from high-flying technology shares and putting the money into cheaper companies. Most Read from Bloomberg The firm believes tech shares will come under pressure and prefers areas like energy and Japanese shares, according to Alexandra Wilson-Elizondo, co-chief investment officer of multi-asset solutions. […]
Tag: Goldman
Goldman Sachs Predicts Over 120% Rally for These 2 ‘Strong Buy’ Stocks
Even with a brief drop this week, the markets are showing strength this year, with the S&P 500 climbing 8%. However, there’s a big question on investors’ minds: Can this momentum keep up? David Kostin, Goldman’s chief US equity strategist, has given four scenarios for investor consideration: “(1) in a ‘catch up,’ the S&P 500 would […]
Goldman Says Commodities to Gain as Central Banks Cut Rates
(Bloomberg) — Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc. Most Read from Bloomberg Raw materials may return 15% over 2024 as borrowing costs come down, manufacturing recovers, and geopolitical risks persist, […]
Goldman says megacap bull case might take S&P 500 to 6,000
(Bloomberg) — Goldman Sachs Group Inc. strategists are sticking with their year-end S&P 500 forecast level of 5,200, but have a scenario in which tech megacaps lead the index up another 15%. Most Read from Bloomberg The firm is sticking with its current prediction because the federal funds rate path and economic-growth trajectory are fully […]
Craig Goldman leads in Republican primary for Congressional District 12 election
Republican Craig Goldman is ahead in the race to succeed U.S. Rep. Kay Granger, after more than two decades in Congress. Goldman has 54.04%% of votes in the Republican primary, according to unofficial early voting totals reported by the Texas Secretary of State’s office. Early voting results weren’t yet posted on the Secretary of State’s […]
Seeking Dividend Yield and Double-Digit Upside? Goldman Sachs Suggests 2 Stocks to Buy
Finding the best returns is the point of stock investing. It’s why people get into the markets. But ensuring strong returns isn’t always as straightforward as it seems. Sometimes, the winning play is a combination strategy. Investors frequently look for stocks with solid upside potential, and shares that will show a double-digit upside are popular […]
Goldman Sachs Predicts up to 166% Rally for These 2 Stocks — Here’s Why They Have Solid Upside
We’re past midway through the first quarter of 2024, and the S&P 500 has been regularly notching new highs. Markets are finding support from several directions, including positive investor sentiment buoyed by the slowing rate of inflation and the prospect of interest rate cuts later this year. The overall upbeat outlook prevailing in the stock […]
Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
(Reuters) – Goldman Sachs raised its year-end target for the benchmark S&P 500 to 5,200, reflecting roughly a 4% upside from current levels, citing an improved earnings outlook for the index companies. The brokerage had previously projected the index to end 2024 at 5,100, before raising the forecast from 4,700 in December, on cooling inflation […]
Goldman Lifts S&P 500 Target to 5,200 on Profit Expansion
(Bloomberg) — Just months after setting a 2024 target for the S&P 500 Index, Goldman Sachs Group Inc. strategists have boosted their forecast for a second time as the stock market eclipsed the significant 5,000 milestone this month. Most Read from Bloomberg “Increased profit estimates are the driver of the revision,” a team led by […]
This former Goldman Sachs analyst says his family of 4 can’t live comfortably on $230K a year after buying ‘forever home.’ Is the American dream out of reach?
‘I could’ve been set for life’: This former Goldman Sachs analyst says his family of 4 can’t live comfortably on $230K a year after buying ‘forever home.’ Is the American dream out of reach? Former Goldman Sachs analyst Sam Dogen — also known as the Financial Samurai online — once decided to cash in on […]
Goldman Sachs Predicts at Least 45% Rally for These 2 ‘Strong Buy’ Stocks — Here’s Why They Have Solid Upside
Back in 1992, political wonk James Carville told Bill Clinton, “It’s the economy, stupid,” and went on to steer his candidate toward a game-changing political win. A recent note from Goldman Sachs equity strategist, David Kostin, reminds us of this – and points out that this holds the key to understanding the bullish sentiment on […]
Goldman Sachs hikes Nvidia price target on strong future
Goldman Sachs analyst Toshiya Hari raised the firm’s price target on chip-making giant Nvidia (NVDA) from $625 to $800 per share. Hari cites optimism for the company’s growth potential based on significant increase in the forecasted non-GAAP (Generally Accepted Accounting Principles) earnings per share. Yahoo Finance Reporter Madison Mills joins the Live show to break […]