Analyst Note

JPMorgan painted a rather pessimistic picture for the U.S. stock market in 2024, boldly positioning itself as the most bearish investment bank on Wall Street. The biggest U.S. bank is forecasting the S&P 500 to drop to 4,200 points next year, implying an 8% fall from current levels, in what can...

Bank of America has set an optimistic target for the S&P 500, forecasting a milestone of 5,000 points by the end of 2024. This projection signals a robust 10% leap from the index’s current standings, as noted by equity analyst Savita Subramanian in a recent market outlook report. In a...

Hedge fund portfolios are increasingly betting on technology stocks, with their concentration rising to extreme levels. A recent analysis by Goldman Sachs, 735 hedge funds with a whopping $2.4 trillion in gross equity positions, uncovered a substantial shift in hedge fund strategies last quarter....

Javier Milei‘s victory in Argentina’s presidential election sparked a rally in Argentine ADRs trading on major U.S. stock exchanges. Far-right Milei won by a significant margin of over 11% against center-left candidate and current Finance Minister Sergio Massa, heralding a major shift...

Goldman Sachs projected a bullish scenario for stocks in 2024, with the S&P 500 expected to hit 4,700, signifying a 12-month price gain of 5% and a total return of 6%, inclusive of dividends. Analysts David J. Kostin, Ben Snider and Ryan Hammond expect the U.S. economy to continue its modest...

In the heart of Silicon Valley, all eyes are on Intel Corp. (NASDAQ:INTC) as it gears up to unveil its third-quarter earnings report on Thursday after the closing bell. For the Santa-Clara-based company, this report carries substantial importance, as it grapples with a shifting semiconductor...

Shares of Electronic Arts Inc (NASDAQ: EA) were up 2.96% on Tuesday, currently trading at $128.37. The Electronic Arts Analyst: Omar Dessouky, from BofA Securities, upgraded EA to Buy as "the balance of risk appears more favorable." Moreover, Dessouky raised the price target from $...

Morgan Stanley equity strategist Michael Wilson has a cautious outlook for the U.S. stock market, underlining a preference for defensive sectors. In a note released Monday, Sept. 25, Wilson pointed to the resurgence of defensive sectors’ outperformance, while cyclicals and growth sectors...

This year’s bull market in stocks is a reflection of a bull market in monopolies and oligopolies, according to Bank of America’s Chief Investment Strategist Michael Hartnett. While the S&P 500 boasts a commendable 14% year-to-date (YTD) increase, a closer look...

In a bold move, Goldman Sachs is betting against the prospect of further Federal Reserve interest rate hikes. David Mericle, an economist at the firm, doubled down on this prediction in a recent note to clients. As the Federal Open Market Committee (FOMC) gears up for its meeting Wednesday, the...

Analysts at Goldman Sachs are highlighting an intriguing disconnect between market conditions and the famed ‘fear’ gauge. Goldman Sachs’ analyst team, featuring experts such as John Marshall and Spencer Hill, CFA, wrote a note explaining that the CBOE Volatility Index (VIX) is...

Once again in the spotlight, Brent crude oil prices, are at their highest levels this year. This is largely due to anticipated further reductions in oil output from major exporting countries. In a surprising move, Saudi Arabia has hinted at even more significant production cutbacks in the near...

As the second half of 2023 unfolds, the U.S. tech sector finds itself at a crossroads, with potential trouble on the horizon, according to a recent assessment by Bank of America’s Chief Investment Strategist, Michael Hartnett. In his latest report, “The Flow Show,” Hartnett...

Goldman Sachs (NYSE:GS) unveiled an intriguing list of 50 stocks that are positioned for substantial long-term growth due to the widespread adoption of artificial intelligence (AI). This selection represents a comprehensive assessment of companies within the Russell 1000 index that stand to benefit...

Goldman Sachs economists including David Mericle and Jan Hatzius say the Federal Open Market Committee (FOMC) should initiate rate cuts in the second quarter of 2024. The central bank’s decision is expected to align with a period when core PCE inflation, the Federal Reserve’s favored...