S&P 500 Price Projection: Potential 100% Growth
05.07.2024 22:00 1 min. read
Ben Laidler, Bradesco BBI's head of equity strategy, believes the bull market is in its early stages, driven by an anticipated earnings recovery and potential Fed rate cuts.
He forecasts possible stock gains of 100% over five years, supported by expected 15% annual earnings growth and potential multiple expansions due to lower interest rates.
Since October 2022, the S&P 500 has surged 55%, fueled by AI sector optimism, boosting stocks like Nvidia and Apple to record highs.
In 2024, the Dow Jones Industrial Average surpassed 40,000 and the S&P 500 exceeded 5,000, with a robust 15.3% gain in the first half, among the strongest starts since 1950.
The upcoming earnings season, starting with JPMorgan and Wells Fargo, will test Laidler’s outlook. FactSet projects an 8.8% earnings growth for S&P 500 firms in Q2, the highest since early 2022, marking four consecutive quarters of growth.
Laidler emphasized a fundamentally supported market with rebounding earnings and anticipated rate cuts, while Goldman Sachs portfolio manager Brook Dane remains optimistic about AI stocks despite recent gains.
-
1
Trump’s 25% EU Tariff Sparks Market Turmoil – Will Crypto Benefit?
27.02.2025 9:00 2 min. read -
2
Here’s How U.S. Oil Tariffs Could Reshape Global Crude Markets
23.02.2025 8:00 2 min. read -
3
U.S. PCE Report Reveals Persistent Inflation Concerns Amid Consumer Strain
28.02.2025 15:53 1 min. read -
4
Dow Jones and S&P 500 signal an imminent market crash
17.02.2025 14:00 2 min. read -
5
Crypto Investors Brace for Key Inflation Data and Fed Signals
10.02.2025 10:00 1 min. read
Analyst Warns of Potential Crypto Market Downturn as Fed Maintains Interest Rates
Timothy Peterson, a prominent analyst, has warned that the cryptocurrency market might soon face a downturn.
Global Economy Stalls as US-China Trade War Intensifies
The escalating trade war between China and the US has sparked global economic disruption.
U.S. PCE Report Reveals Persistent Inflation Concerns Amid Consumer Strain
The latest inflation report from the Federal Reserve, based on the Personal Consumption Expenditures (PCE) index, shows a 2.5% increase in prices year-over-year for January.
Trump’s 25% EU Tariff Sparks Market Turmoil – Will Crypto Benefit?
Tensions are rising in global markets as the U.S. prepares to impose a 25% tariff on European imports, with the automotive sector taking the biggest hit.
-
1
Trump’s 25% EU Tariff Sparks Market Turmoil – Will Crypto Benefit?
27.02.2025 9:00 2 min. read -
2
Here’s How U.S. Oil Tariffs Could Reshape Global Crude Markets
23.02.2025 8:00 2 min. read -
3
U.S. PCE Report Reveals Persistent Inflation Concerns Amid Consumer Strain
28.02.2025 15:53 1 min. read -
4
Dow Jones and S&P 500 signal an imminent market crash
17.02.2025 14:00 2 min. read -
5
Crypto Investors Brace for Key Inflation Data and Fed Signals
10.02.2025 10:00 1 min. read
