Winzy7x
2021-03-25
🚀🚀
Strategists raise their stock market outlooks for 2021
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
分享至
微信
复制链接
精彩评论
我们需要你的真知灼见来填补这片空白
打开APP，发表看法
APP内打开
发表看法
4
{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":358998266,"tweetId":"358998266","gmtCreate":1616647601655,"gmtModify":1634524739109,"author":{"id":3569125438093216,"idStr":"3569125438093216","authorId":3569125438093216,"authorIdStr":"3569125438093216","name":"Winzy7x","avatar":"https://static.tigerbbs.com/d53cc033b880bf45d6552adfb634e630","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>🚀🚀</p></body></html>","htmlText":"<html><head></head><body><p>🚀🚀</p></body></html>","text":"🚀🚀","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/358998266","repostId":1179697554,"repostType":4,"repost":{"id":"1179697554","kind":"news","pubTimestamp":1616642018,"share":"https://www.laohu8.com/m/news/1179697554?lang=&edition=full","pubTime":"2021-03-25 11:13","market":"us","language":"en","title":"Strategists raise their stock market outlooks for 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1179697554","media":"yahoo","summary":"The first quarter of the year has not even ended yet, and Wall Street firms are already building a c","content":"<p>The first quarter of the year has not even ended yet, and Wall Street firms are already building a case for stocks to rise even further in 2021.</p>\n<p>With the composition of the government now confirmed and Democratic lawmakers in control of both the U.S. House of Representatives and Senate, strategists are seeing more fiscal stimulus boosting consumer spending, the economy and corporate profits. This is set to lay the groundwork for a strong recovery once the vaccine rollout reaches much of the population, many have said.</p>\n<p>Still, these risk-on catalysts will likely come alongside some opposing forces, including rising interest rates and the specter of a less accommodative Federal Reserve and higher corporate taxes under the Biden administration as the economy emerges from the COVID-19 pandemic.</p>\n<p>But on net, with all these factors in mind, a number of strategists suggested stocks will rise even more strongly this yearthan they believed at the end of 2020.</p>\n<p>Here’s what some Wall Street strategists are now expecting for the U.S. stock market this year.</p>\n<p>—</p>\n<p>RBC Capital Markets (Target: 4,100; EPS: $177): Value stocks' outperformance 'is dependent on the ability of the U.S. economy to sustain above trend growth'</p>\n<p>RBC Capital Markets upgraded its outlook on S&P 500 earnings, citing a stronger outlook on U.S. economic growth this year.</p>\n<p>The firm now sees aggregate S&P 500 EPS rising to $177 this year, up from the $168 seen previously, before accelerating to $193 in 2022.</p>\n<p>\"This is primarily a housekeeping move that reflects changes to RBC house views on key macro variables from our colleagues in economics, commodities, and FX that are inputs into our model,\" the strategists led by Lori Calvasina wrote in a note. \"The biggest change from our last update in late January is on GDP [gross domestic product], where our economics team anticipates real GDP growth of 6.6% in 2021 and 4% in 2022.\"</p>\n<p>\"There has been no change to our other core assumptions on interest expense (which we expect to remain low and flat), tax (we are keeping the rate flat vs. 2020), buybacks (we are baking in a partial recovery, a little more than half way back to 2019 levels), and margins (where we are modeling in a path similar to the recovery coming out of the 2015-2016 industrial recession, which doesn’t quite get us back to 2019 levels),\" Calvasina added.</p>\n<p>RBC also upgraded U.S. equities to Neutral relative to non-U.S. equities, noting that the pandemic situation in the U.S. has improved given the faster-than-anticipated vaccine rollout. The firm added that it still prefers small-caps over large caps, and value stocks over growth shares this year, given expectations for a strong domestic economic rebound.</p>\n<p>The duration of value's relative outperformance, however, will depend whether the economy can sustain elevated growth rates even as it laps the worst points of the pandemic last year.</p>\n<p>\"We believe key to the value trade’s ability to seize this opportunity and retain leadership beyond 2021 is dependent on the ability of the U.S. economy to sustain above trend growth in 2022 and beyond,\" the analysts said. \"The good news for the value trade is that current consensus forecasts expect GDP to remain above trend through the end of 2022. The thing to monitor is whether that changes.\"</p>\n<p>RBC's price target on the S&P 500 remains at 4,100, implying upside of another 4.8% from closing prices on March 23, and a full-year 2021 rise of just over 9%.</p>\n<p><i>S&P 500 EPS updated March 24, 2021; S&P 500 price target initiated Jan. 20, 2021</i></p>\n<p>—</p>\n<p>Deutsche Bank (Target: 4,100; EPS: $202): Equities likely to rise, pull back briefly, then rally to new highs by year-end</p>\n<p>Deutsche Bank equity strategist Binky Chadha now sees even more upside for equities, with additional fiscal stimulus set to boost an economy already in the early innings of a post-pandemic rebound.</p>\n<p>\"Near term, we expect equities to continue to move up, supported by an acceleration in macro growth and earnings upgrades, which are already prompting rising positioning and large inflows as is typical, and likely to be further boosted by direct and indirect flows from stimulus payments,\" he wrote in a note on March 12.</p>\n<p>\"We then expect a pullback as growth peaks in Q2 at a high level,\" he added. \"The more front-loaded the impact of the stimulus, the sharper the peak in growth, and the closer this peak in macro growth is to warmer weather (giving retail investors something else to do); and to an increased return to work at the office, the larger we expect the pullback to be.\"</p>\n<p>However, he added that he then sees equities rallying back following the potential pullback and reaching 4,100 by year-end. That marks an increase from the firm's previous price target of 3,950 on the S&P 500, and implies additional upside of 3.3% from the S&P 500's record closing high on March 15. The firm also now sees aggregate S&P 500 earnings rising 43% to $202 this year, up from its previous $194 forecast.</p>\n<p>By sector, Deutsche Bank said its top picks remain energy — as it forecasts West Texas intermediate crude oil will approach $80 per barrel by year-end — and financials, with the 10-year Treasury yield forecast to end the year between 2% and 2.25%.</p>\n<p>\"We move other cyclical sectors (industrials, consumer) from overweight to neutral; stay neutral the secular growth group and underweight the defensives,\" Chadha said. \"Across regions we are overweight the more cyclical EM [emerging markets], Europe and Japan versus the U.S, on a baseline of a global cyclical rebound.\"</p>\n<p><i>S&P 500 price target updated on March 12, 2021 following a price target initiation Dec</i>.<i>3, 2020</i></p>\n<p>—</p>\n<p>Credit Suisse (Target: 4,300; EPS: $185): 'Accelerating GDP should result in higher revenues ... and an even greater gain in EPS'</p>\n<p>Credit Suisse strategist Jonathan Golub upwardly revised hisS&P 500 price target for the second time in two monthson February 23. This time, he noted that stronger-than-expected corporate profits and upbeat reopening prospects warranted a more optimistic outlook on equities.</p>\n<p>Credit Suisse's new year-end S&P 500 price target of 4,300 suggests upside of 10.9% from current levels. In January, Credit Suisse saw the S&P 500 ending 2021 at 4,200, and last year expected the index to rise to 4,050.</p>\n<p>Golub now expects aggregate S&P 500 earnings per share to grow to $185 and 2021 and $210 in 2022, up from the $175 and $200, respectively, he estimated previously. Companies already entered 2021 with more profit-making momentum than expected, with fourth-quarter EPS topping estimates by 17% and unexpectedly growing on a year-over-year basis, Golub said.</p>\n<p>And as vaccines enable the economy to open further, companies should be able to grow results even more, offering further catalysts for their stock prices. Major Wall Street banks expect, on median, that GDP will grow by 6.1% in 2021, Golub added. This would mark a sharp rebound from2020's COVID-induced 3.5% contraction— the worst since 1946.</p>\n<p>\"Accelerating GDP should result in higher revenues (every 1% in GDP is a 2.5-3% change in sales), and an even greater gain in EPSgiven operating leverage,\"Golub added. \"Additionally, rising rates — a benefit to Financials — and copper and oil prices — a boon for Industrials, Energy, and Materials — further augment this favorable backdrop.\"</p>\n<p><i>S&P 500 price target updated on Feb. 23, 2021, following a prior update on Jan. 7, 2021</i></p>\n<p>—</p>\n<p>Goldman Sachs (Target: 4,300; EPS: $181): ‘Fiscal stimulus should support consumer-facing cyclicals'</p>\n<p>Goldman Sachs raised its S&P 500 earnings outlook this month, citing an unexpected bump higher in corporate earnings results as companies rebounded faster than expected from pandemic-related disruptions.</p>\n<p>\"Analysts expected 4Q S&P 500 EPS would fall by 11%, but results showed +2% year/year growth,\" the strategists led by David Kostin said in a note published Feb. 12. \"We raise our S&P 500 2021 EPS estimate 2% to $181 (from $178), reflecting higher sales and profit margins that should overcome input cost pressure due to high operating leverage.\"</p>\n<p><img src=\"https://static.tigerbbs.com/af19ce7bfa421e96a29bdc023cd433e1\" tg-width=\"703\" tg-height=\"469\" referrerpolicy=\"no-referrer\">Bull Pawing the Ground (Photo by: Digital Light Source/Universal Images Group via Getty Images)</p>\n<p>Despite the improved earnings outlook for this year, Goldman Sachs left its S&P 500 price target at 4,300, implying 9.3% upside from the index's record close on Feb. 12.</p>\n<p>Fiscal stimulus will likely comprise the next catalyst for U.S. equities, Kostin added, as lawmakers in Washington work toward another robust round of virus relief measures that would stoke consumer spending and further boost corporate profits.</p>\n<p>\"Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth,\" Kostin said. \"Fiscal stimulus should support consumer-facing cyclicals and our High Operating Leverage and Low Labor Cost baskets.\"</p>\n<p>The firmhighlighted a number of cyclical stocks that appeared appealing due to correlations with consumer spendingand strong earnings growth over the past year, including Whirlpool, Charles Schwab, 3M and Facebook.</p>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strategists raise their stock market outlooks for 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrategists raise their stock market outlooks for 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-25 11:13 GMT+8 <a href=https://finance.yahoo.com/news/strategists-see-more-stock-market-gains-through-the-end-of-the-year-164055396.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter of the year has not even ended yet, and Wall Street firms are already building a case for stocks to rise even further in 2021.\nWith the composition of the government now confirmed ...</p>\n\n<a href=\"https://finance.yahoo.com/news/strategists-see-more-stock-market-gains-through-the-end-of-the-year-164055396.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/96819b78df36696eeccbf03ebd7c466d","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/strategists-see-more-stock-market-gains-through-the-end-of-the-year-164055396.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179697554","content_text":"The first quarter of the year has not even ended yet, and Wall Street firms are already building a case for stocks to rise even further in 2021.\nWith the composition of the government now confirmed and Democratic lawmakers in control of both the U.S. House of Representatives and Senate, strategists are seeing more fiscal stimulus boosting consumer spending, the economy and corporate profits. This is set to lay the groundwork for a strong recovery once the vaccine rollout reaches much of the population, many have said.\nStill, these risk-on catalysts will likely come alongside some opposing forces, including rising interest rates and the specter of a less accommodative Federal Reserve and higher corporate taxes under the Biden administration as the economy emerges from the COVID-19 pandemic.\nBut on net, with all these factors in mind, a number of strategists suggested stocks will rise even more strongly this yearthan they believed at the end of 2020.\nHere’s what some Wall Street strategists are now expecting for the U.S. stock market this year.\n—\nRBC Capital Markets (Target: 4,100; EPS: $177): Value stocks' outperformance 'is dependent on the ability of the U.S. economy to sustain above trend growth'\nRBC Capital Markets upgraded its outlook on S&P 500 earnings, citing a stronger outlook on U.S. economic growth this year.\nThe firm now sees aggregate S&P 500 EPS rising to $177 this year, up from the $168 seen previously, before accelerating to $193 in 2022.\n\"This is primarily a housekeeping move that reflects changes to RBC house views on key macro variables from our colleagues in economics, commodities, and FX that are inputs into our model,\" the strategists led by Lori Calvasina wrote in a note. \"The biggest change from our last update in late January is on GDP [gross domestic product], where our economics team anticipates real GDP growth of 6.6% in 2021 and 4% in 2022.\"\n\"There has been no change to our other core assumptions on interest expense (which we expect to remain low and flat), tax (we are keeping the rate flat vs. 2020), buybacks (we are baking in a partial recovery, a little more than half way back to 2019 levels), and margins (where we are modeling in a path similar to the recovery coming out of the 2015-2016 industrial recession, which doesn’t quite get us back to 2019 levels),\" Calvasina added.\nRBC also upgraded U.S. equities to Neutral relative to non-U.S. equities, noting that the pandemic situation in the U.S. has improved given the faster-than-anticipated vaccine rollout. The firm added that it still prefers small-caps over large caps, and value stocks over growth shares this year, given expectations for a strong domestic economic rebound.\nThe duration of value's relative outperformance, however, will depend whether the economy can sustain elevated growth rates even as it laps the worst points of the pandemic last year.\n\"We believe key to the value trade’s ability to seize this opportunity and retain leadership beyond 2021 is dependent on the ability of the U.S. economy to sustain above trend growth in 2022 and beyond,\" the analysts said. \"The good news for the value trade is that current consensus forecasts expect GDP to remain above trend through the end of 2022. The thing to monitor is whether that changes.\"\nRBC's price target on the S&P 500 remains at 4,100, implying upside of another 4.8% from closing prices on March 23, and a full-year 2021 rise of just over 9%.\nS&P 500 EPS updated March 24, 2021; S&P 500 price target initiated Jan. 20, 2021\n—\nDeutsche Bank (Target: 4,100; EPS: $202): Equities likely to rise, pull back briefly, then rally to new highs by year-end\nDeutsche Bank equity strategist Binky Chadha now sees even more upside for equities, with additional fiscal stimulus set to boost an economy already in the early innings of a post-pandemic rebound.\n\"Near term, we expect equities to continue to move up, supported by an acceleration in macro growth and earnings upgrades, which are already prompting rising positioning and large inflows as is typical, and likely to be further boosted by direct and indirect flows from stimulus payments,\" he wrote in a note on March 12.\n\"We then expect a pullback as growth peaks in Q2 at a high level,\" he added. \"The more front-loaded the impact of the stimulus, the sharper the peak in growth, and the closer this peak in macro growth is to warmer weather (giving retail investors something else to do); and to an increased return to work at the office, the larger we expect the pullback to be.\"\nHowever, he added that he then sees equities rallying back following the potential pullback and reaching 4,100 by year-end. That marks an increase from the firm's previous price target of 3,950 on the S&P 500, and implies additional upside of 3.3% from the S&P 500's record closing high on March 15. The firm also now sees aggregate S&P 500 earnings rising 43% to $202 this year, up from its previous $194 forecast.\nBy sector, Deutsche Bank said its top picks remain energy — as it forecasts West Texas intermediate crude oil will approach $80 per barrel by year-end — and financials, with the 10-year Treasury yield forecast to end the year between 2% and 2.25%.\n\"We move other cyclical sectors (industrials, consumer) from overweight to neutral; stay neutral the secular growth group and underweight the defensives,\" Chadha said. \"Across regions we are overweight the more cyclical EM [emerging markets], Europe and Japan versus the U.S, on a baseline of a global cyclical rebound.\"\nS&P 500 price target updated on March 12, 2021 following a price target initiation Dec.3, 2020\n—\nCredit Suisse (Target: 4,300; EPS: $185): 'Accelerating GDP should result in higher revenues ... and an even greater gain in EPS'\nCredit Suisse strategist Jonathan Golub upwardly revised hisS&P 500 price target for the second time in two monthson February 23. This time, he noted that stronger-than-expected corporate profits and upbeat reopening prospects warranted a more optimistic outlook on equities.\nCredit Suisse's new year-end S&P 500 price target of 4,300 suggests upside of 10.9% from current levels. In January, Credit Suisse saw the S&P 500 ending 2021 at 4,200, and last year expected the index to rise to 4,050.\nGolub now expects aggregate S&P 500 earnings per share to grow to $185 and 2021 and $210 in 2022, up from the $175 and $200, respectively, he estimated previously. Companies already entered 2021 with more profit-making momentum than expected, with fourth-quarter EPS topping estimates by 17% and unexpectedly growing on a year-over-year basis, Golub said.\nAnd as vaccines enable the economy to open further, companies should be able to grow results even more, offering further catalysts for their stock prices. Major Wall Street banks expect, on median, that GDP will grow by 6.1% in 2021, Golub added. This would mark a sharp rebound from2020's COVID-induced 3.5% contraction— the worst since 1946.\n\"Accelerating GDP should result in higher revenues (every 1% in GDP is a 2.5-3% change in sales), and an even greater gain in EPSgiven operating leverage,\"Golub added. \"Additionally, rising rates — a benefit to Financials — and copper and oil prices — a boon for Industrials, Energy, and Materials — further augment this favorable backdrop.\"\nS&P 500 price target updated on Feb. 23, 2021, following a prior update on Jan. 7, 2021\n—\nGoldman Sachs (Target: 4,300; EPS: $181): ‘Fiscal stimulus should support consumer-facing cyclicals'\nGoldman Sachs raised its S&P 500 earnings outlook this month, citing an unexpected bump higher in corporate earnings results as companies rebounded faster than expected from pandemic-related disruptions.\n\"Analysts expected 4Q S&P 500 EPS would fall by 11%, but results showed +2% year/year growth,\" the strategists led by David Kostin said in a note published Feb. 12. \"We raise our S&P 500 2021 EPS estimate 2% to $181 (from $178), reflecting higher sales and profit margins that should overcome input cost pressure due to high operating leverage.\"\nBull Pawing the Ground (Photo by: Digital Light Source/Universal Images Group via Getty Images)\nDespite the improved earnings outlook for this year, Goldman Sachs left its S&P 500 price target at 4,300, implying 9.3% upside from the index's record close on Feb. 12.\nFiscal stimulus will likely comprise the next catalyst for U.S. equities, Kostin added, as lawmakers in Washington work toward another robust round of virus relief measures that would stoke consumer spending and further boost corporate profits.\n\"Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth,\" Kostin said. \"Fiscal stimulus should support consumer-facing cyclicals and our High Operating Leverage and Low Labor Cost baskets.\"\nThe firmhighlighted a number of cyclical stocks that appeared appealing due to correlations with consumer spendingand strong earnings growth over the past year, including Whirlpool, Charles Schwab, 3M and Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/358998266"}
精彩评论