"Goldman Sachs Group Inc. strategists lifted their outlook for the S&P 500 Index as robust earnings growth and low interest rates fuel optimism that stocks can continue rallying despite record high levels."
"David J. Kostin and his colleagues raised the end-2021 target to 4,700 after the benchmark U.S. index surpassed their earlier prediction of 4,300 about a month ago, according to a note. This implies a return of about 7% from current levels for the remainder of the year and is the highest forecast in the monthly Bloomberg survey of Wall Street strategists."
"The strong earnings season has been driving U.S. stocks to all-time highs, outweighing concerns about the delta variant, China’s crackdown and possible scaling back of monetary stimulus. Goldman strategists today boosted their earnings-per-share estimates to $207 from $193 for this year, implying a whopping 45% annual growth."
Submitted August 05, 2021 at 08:01AM by khunter123 https://ift.tt/37k5RJJ
