S&P could hit 5,800 this year: Ed Yardeni

Рет қаралды 4,832

Күн бұрын

Longtime Wall Street strategist Ed Yardeni, president of Yardeni Research, raised his S&P 500 (^GSPC) price target to 5,800 from 5,400. He joins Market Domination Overtime to discuss why he remains bullish on the S&P 500 despite investors trading away from tech. Yardenis is hopeful about a Federal Reserve rate cut in September. He also is hopeful about earnings. "What I'm looking for is a very strong second quarter earnings season... I think a lot of companies that are not technology companies are going to tell us how they're using AI to cut their costs and increase productivity," he says. When it comes to the labor market, Yardeni sees "normalization," adding "When I put it all together, I'm not really that concerned about downsides for the economy. I'm not concerned that inflation is going to remain sticky."
#yahoofinance #stocks #stockmarket
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

Пікірлер: 18

@TaniaLato-ky4wo 24 күн бұрын

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

@Janise-pg8yr 24 күн бұрын

Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.

@Manselus-uy3kz 24 күн бұрын

True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.

@Manselus-uy3kz 24 күн бұрын

My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@parveenmomin6293 20 күн бұрын

I'm betting big on Revux - a project with enormous potential. Can't wait to see it take off!

@uppiraghu6858 20 күн бұрын

My last 100x was with Pepe because I got in early. Now, I’m putting everything into Revux. After diving into their whitepaper, I'm confident this is my next 100x.

@UbaishUbaishansari-ox3ei 20 күн бұрын

RVX (Revux) is an ICO gem!

@godgaming-rj6gn 20 күн бұрын

5k I've just invested in Revux is going to make me a millionaire. Let's go!!

@sureshThakor-fq4lv 20 күн бұрын

My top pick for bull run KAS, SOL, Revux.

@nirmalpradhan2427 20 күн бұрын

I can see Revux hitting $5 easily not long after launch.

@user-vv9uk2yp4v 20 күн бұрын

I believe Revux is guaranteed to be a 100x.

@dhanugfreefire3559 20 күн бұрын

We all know presales are risky, but the gains on those can be insane. I've just put a few thousand in Revux. If I lose, that's a bummer, but if I win, I will be a millionaire by next year.