Friday, July 30

S&P 500 forecast

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The S&P 500 is on track for the best quarterly earnings growth since 2009 as companies smash expectations

LoadingSomething is loading. S&P 500 companies are on track for the best earnings growth since 2009, with companies smashing estimates as the US economy bounces back to life from COVID-19 lockdowns.The strong quarter is helping support stocks despite high equity prices, rising inflation, and the threat of the delta coronavirus variant.Earnings for S&P 500 companies are expected to grow 78.1% year-on-year in the second quarter, according to...
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Wall Street analysts expect the S&P 500 to rise 10% over the next year as the reflation trade picks up pace

The S&P 500 has rebounded sharply from its pandemic-induced plunge in 2020. Spencer Platt/Getty Images The S&P 500 has rallied sharply over the last year to hit repeated record highs-but Wall Street analysts are backing the benchmark US stock index to continue its ascent.Industry analysts on average expect the S&P 500 to rise 9.6% from Monday's closing price of 4,384.6 over the next 12 months to hit 4,803.6, according to data compiled by FactSet.A 9.6% rise would be considerably slower than the 37% increase the S&P 500 has experienced over the last 12 months. But it would nonetheless represent a solid gain at a time when some investors are questioning whether US stocks can continue their stellar rally.FactSet, a data company which aggregates industry forecasts, said analysts expe...