Goldman Sachs strategists expect profit growth to drive further gains in the S&P 500 index
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
The team led by Ben Snider stated that given current market pricing reflects economists' forecasts for "solid but below-trend" GDP growth, investors are advised to shift their focus towards long-term growth companies rather than cyclical ones. The strategists also added that, driven by continuously rising earnings expectations, U.S. stocks have reached new highs, while valuation multiples still remain below pre-conflict levels. (Bloomberg)
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
AstraZeneca (AZN.US) invests in Summit (SMMT.US), gaining positive outlooks from JPMorgan and Citi: Cancer drug strategy awaits validation
Analysts from JPMorgan and Citi have welcomed the deal between AstraZeneca and Summit Therapeutics, stating that it aligns with AstraZeneca's cancer strategy.
