The S&P 500 Has More Room to Rise: Credit Suisse_老虎社区_美港股上老虎

The S&P 500 Has More Room to Rise: Credit Suisse

Barrons2021-02-24

Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels. Credit Suisseraised its 2021 price ...

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kuppi
·2021-02-25
Agree
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Peisim
·2021-02-25
Good news!
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1
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JaNice
·2021-02-24
Good news
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1
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onezero
·2021-02-24
Ok
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2
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收起
- onezero:
  [美金] [美金]
  2021-02-25
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Caipeng4L
·2021-02-24
Be careful
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1
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airgotnohole
·2021-02-24
Be ready
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Poggers
·2021-02-24
The correction was for the greater rise [开心] $ProShares UltraPro QQQ(TQQQ)$$Vanguard S&P 500 ETF(VOO)$$NASDAQ-100 Index ETF(QQQ)$
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1
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toranoana
·2021-02-24
Hope we can buy in on the fire sale to come!!
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WSS
·2021-02-24
Nice
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2
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MyGate
·2021-02-24
Nobody cares
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EquityKing
·2021-02-24
Buy the dips
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3
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- syneo:
  [微笑]
  2021-02-24
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shannielim
·2021-02-24
pls 🚀🚀
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1
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heartspanda
·2021-02-24
Bloodbath
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5
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收起
- Jeremylok:
  Yea
  2021-02-24
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- kungpao:
  [喷血] [开心]
  2021-02-25
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打不死的小小强
·2021-02-24
....
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1
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Smokeouts
·2021-02-24
...
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3
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3088f752
·2021-02-24
[财迷]
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7
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Muan
·2021-02-24
Agree, only way is up
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3
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458fd99c
·2021-02-24
Bull run
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1
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Siewweis
·2021-02-24
Like and comment pls
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3
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- Jon777:
  Reply and response too
  2021-02-24
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ROng
·2021-02-24
Good news
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2
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}\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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","article_id":"1111682954","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","pubTimestamp":1614143481,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"translate_title":"标普500上涨空间更大：瑞信","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9},"content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":361329151,"gmtCreate":1614207793573,"gmtModify":1634550744953,"author":{"id":"3575011341539105","authorId":"3575011341539105","name":"kuppi","avatar":"https://static.tigerbbs.com/1a1c96e4fc6f6f67de0450751c853214","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575011341539105","authorIdStr":"3575011341539105"},"htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361329151","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361995052,"gmtCreate":1614183326276,"gmtModify":1634550809641,"author":{"id":"3573463420389142","authorId":"3573463420389142","name":"Peisim","avatar":"https://static.tigerbbs.com/174e40f39b76c8ddc43221a30b624d87","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573463420389142","authorIdStr":"3573463420389142"},"htmlText":"Good news!&nbsp;","listText":"Good news!&nbsp;","text":"Good news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361995052","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363573619,"gmtCreate":1614159301931,"gmtModify":1634550950542,"author":{"id":"3574939383328580","authorId":"3574939383328580","name":"JaNice","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574939383328580","authorIdStr":"3574939383328580"},"htmlText":"Good news&nbsp;","listText":"Good news&nbsp;","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363573619","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363520841,"gmtCreate":1614156768583,"gmtModify":1634550959274,"author":{"id":"3574321920996186","authorId":"3574321920996186","name":"onezero","avatar":"https://static.tigerbbs.com/78a6fcdcf896cad792f2b119c43dbff5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574321920996186","authorIdStr":"3574321920996186"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363520841","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3656376,"gmtCreate":1614218921004,"gmtModify":1635761352272,"authorId":3574321920996186,"author":{"id":3574321920996186,"idStr":"3574321920996186","authorId":3574321920996186,"name":"onezero","avatar":"https://static.tigerbbs.com/78a6fcdcf896cad792f2b119c43dbff5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":363520841,"type":1,"supId":0,"prevId":0,"content":"[美金] [美金]","text":"[美金] [美金]","html":"[美金] [美金]"}],"langContent":"EN"},{"id":363536647,"gmtCreate":1614151318789,"gmtModify":1634550971414,"author":{"id":"3559707274382889","authorId":"3559707274382889","name":"Caipeng4L","avatar":"https://static.tigerbbs.com/f993c63500bb212c82247f8e3d3d4417","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559707274382889","authorIdStr":"3559707274382889"},"htmlText":"Be careful","listText":"Be careful","text":"Be careful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363536647","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363533146,"gmtCreate":1614151033485,"gmtModify":1634550972498,"author":{"id":"3568328295115570","authorId":"3568328295115570","name":"airgotnohole","avatar":"https://static.tigerbbs.com/59cddd2747d84cc7e563b9a6be9a8925","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3568328295115570","authorIdStr":"3568328295115570"},"htmlText":"Be ready","listText":"Be ready","text":"Be ready","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363533146","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363590475,"gmtCreate":1614149273997,"gmtModify":1631884133128,"author":{"id":"3567511757211423","authorId":"3567511757211423","name":"Poggers","avatar":"https://static.tigerbbs.com/7da477926f4d48b8b0e46ebd25ac6947","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3567511757211423","authorIdStr":"3567511757211423"},"htmlText":"The correction was for the greater rise [开心]&nbsp;<a href=\"https://laohu8.com/S/TQQQ\">$ProShares UltraPro QQQ(TQQQ)$</a><a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a><a href=\"https://laohu8.com/S/QQQ\">$NASDAQ-100 Index ETF(QQQ)$</a>","listText":"The correction was for the greater rise [开心]&nbsp;<a href=\"https://laohu8.com/S/TQQQ\">$ProShares UltraPro QQQ(TQQQ)$</a><a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a><a href=\"https://laohu8.com/S/QQQ\">$NASDAQ-100 Index ETF(QQQ)$</a>","text":"The correction was for the greater rise [开心] $ProShares UltraPro QQQ(TQQQ)$$Vanguard S&P 500 ETF(VOO)$$NASDAQ-100 Index ETF(QQQ)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363590475","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":363500583,"gmtCreate":1614147842942,"gmtModify":1634550980230,"author":{"id":"3577108112520561","authorId":"3577108112520561","name":"toranoana","avatar":"https://static.tigerbbs.com/cc8dc5fe9f0a6161a972783ed332747e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577108112520561","authorIdStr":"3577108112520561"},"htmlText":"Hope we can buy in on the fire sale to come!!","listText":"Hope we can buy in on the fire sale to come!!","text":"Hope we can buy in on the fire sale to come!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363500583","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363273016,"gmtCreate":1614146902135,"gmtModify":1634550982664,"author":{"id":"3572665963519262","authorId":"3572665963519262","name":"WSS","avatar":"https://static.tigerbbs.com/f98dcc1b399a8448c581410f2da052f7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572665963519262","authorIdStr":"3572665963519262"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363273016","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363247326,"gmtCreate":1614146606465,"gmtModify":1634550984068,"author":{"id":"3554940541217211","authorId":"3554940541217211","name":"MyGate","avatar":"https://static.tigerbbs.com/bd5d001d1c51c479c77e8dde6f89d808","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554940541217211","authorIdStr":"3554940541217211"},"htmlText":"Nobody cares&nbsp;","listText":"Nobody cares&nbsp;","text":"Nobody cares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363247326","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363254308,"gmtCreate":1614145769904,"gmtModify":1634550989176,"author":{"id":"3568290085916641","authorId":"3568290085916641","name":"EquityKing","avatar":"https://static.tigerbbs.com/6cddc9965d334dafd119ae3d57fb077d","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3568290085916641","authorIdStr":"3568290085916641"},"htmlText":"Buy the dips","listText":"Buy the dips","text":"Buy the dips","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363254308","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3648375,"gmtCreate":1614145861318,"gmtModify":1635761645827,"authorId":3574040838093825,"author":{"id":3574040838093825,"idStr":"3574040838093825","authorId":3574040838093825,"name":"syneo","avatar":"https://static.tigerbbs.com/13a89a558c2303351b95997274e8f66b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":363254308,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":363251234,"gmtCreate":1614145241128,"gmtModify":1634550991084,"author":{"id":"3573810704294140","authorId":"3573810704294140","name":"shannielim","avatar":"https://static.tigerbbs.com/afa4b4d2de4428a77f2ed8bd21a4ef44","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573810704294140","authorIdStr":"3573810704294140"},"htmlText":"pls 🚀🚀","listText":"pls 🚀🚀","text":"pls 🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363251234","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363259850,"gmtCreate":1614144909870,"gmtModify":1634550991904,"author":{"id":"3573728887738549","authorId":"3573728887738549","name":"heartspanda","avatar":"https://static.tigerbbs.com/d71c1e09e1e9b0819478986bcb4dc062","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573728887738549","authorIdStr":"3573728887738549"},"htmlText":"Bloodbath","listText":"Bloodbath","text":"Bloodbath","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/363259850","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3648318,"gmtCreate":1614145323110,"gmtModify":1635761648916,"authorId":3559288473289635,"author":{"id":3559288473289635,"idStr":"3559288473289635","authorId":3559288473289635,"name":"Jeremylok","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":363259850,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"},{"id":3657064,"gmtCreate":1614223945382,"gmtModify":1635761318927,"authorId":3575091423649914,"author":{"id":3575091423649914,"idStr":"3575091423649914","authorId":3575091423649914,"name":"kungpao","avatar":"https://static.tigerbbs.com/f469169ddf2122a6445250fcaea5382c","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":363259850,"type":1,"supId":0,"prevId":0,"content":"[喷血] [开心]","text":"[喷血] [开心]","html":"[喷血] [开心]"}],"langContent":"EN"},{"id":363250295,"gmtCreate":1614144805217,"gmtModify":1634550992263,"author":{"id":"3574377017022451","authorId":"3574377017022451","name":"打不死的小小强","avatar":"https://static.tigerbbs.com/3d96c5e0085f55aab07528b079b6e43c","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574377017022451","authorIdStr":"3574377017022451"},"htmlText":"....","listText":"....","text":"....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363250295","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363226366,"gmtCreate":1614144239355,"gmtModify":1634550994214,"author":{"id":"3573182470478039","authorId":"3573182470478039","name":"Smokeouts","avatar":"https://static.tigerbbs.com/bfcfc8b1407fd3f1f2140c69f5184540","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573182470478039","authorIdStr":"3573182470478039"},"htmlText":"...&nbsp;","listText":"...&nbsp;","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363226366","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363228267,"gmtCreate":1614144195459,"gmtModify":1634550994335,"author":{"id":"3570935739183698","authorId":"3570935739183698","name":"3088f752","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3570935739183698","authorIdStr":"3570935739183698"},"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363228267","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":363221586,"gmtCreate":1614144122245,"gmtModify":1634550994796,"author":{"id":"3567122626731680","authorId":"3567122626731680","name":"Muan","avatar":"https://static.tigerbbs.com/e57898e50017c4ba74bca13a29623eab","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567122626731680","authorIdStr":"3567122626731680"},"htmlText":"Agree, only way is up","listText":"Agree, only way is up","text":"Agree, only way is up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363221586","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363223889,"gmtCreate":1614143992241,"gmtModify":1634550995156,"author":{"id":"3527303552443900","authorId":"3527303552443900","name":"458fd99c","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3527303552443900","authorIdStr":"3527303552443900"},"htmlText":"Bull run","listText":"Bull run","text":"Bull run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363223889","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":363229349,"gmtCreate":1614143860481,"gmtModify":1634550995876,"author":{"id":"3574970750873003","authorId":"3574970750873003","name":"Siewweis","avatar":"https://static.tigerbbs.com/198cdd728d1c6c72979af0203db31fba","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574970750873003","authorIdStr":"3574970750873003"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/363229349","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3648223,"gmtCreate":1614144177936,"gmtModify":1635761652316,"authorId":3560139863772426,"author":{"id":3560139863772426,"idStr":"3560139863772426","authorId":3560139863772426,"name":"Jon777","avatar":"https://static.tigerbbs.com/dfb83fe0ad88b21f2f1625bb19368212","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":363229349,"type":1,"supId":0,"prevId":0,"content":"Reply and response too","text":"Reply and response too","html":"Reply and response too"}],"langContent":"EN"},{"id":363267500,"gmtCreate":1614143718300,"gmtModify":1634550996577,"author":{"id":"3573524071495240","authorId":"3573524071495240","name":"ROng","avatar":"https://static.tigerbbs.com/d1f39ddce3f662557f933add177c65b2","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573524071495240","authorIdStr":"3573524071495240"},"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363267500","repostId":1111682954,"repostType":4,"repost":{"id":"1111682954","pubTimestamp":1614143481,"share":"https://www.laohu8.com/m/news/1111682954?lang=&edition=full","pubTime":"2021-02-24 13:11","market":"us","language":"en","title":"The S&P 500 Has More Room to Rise: Credit Suisse","url":"https://stock-news.laohu8.com/highlight/detail?id=1111682954","media":"Barrons","summary":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold","content":"<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.</p>\n<p>Credit Suisseraised its 2021 price target for the&nbsp;S&amp;P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.</p>\n<p>But the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.</p>\n<p>He argued that because aggregate fourth-quarter earnings per share for companies in the S&amp;P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.</p>\n<p>Higher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&amp;P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.</p>\n<p>At first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.</p>\n<p>But now,vaccines are finding millions of arms a day&nbsp;and&nbsp;trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&amp;P 500 coming in at $198 for 2022.</p>\n<p>The next question is at what multiple of per-share earnings the average stock on the S&amp;P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.</p>\n<p>Lower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.</p>\n<p>But the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.</p>\n<p>None of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.</p>\n<p>Still, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.</p>","source":"lsy1601382232898","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>The S&P 500 Has More Room to Rise: Credit Suisse</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\">\nThe S&P 500 Has More Room to Rise: Credit Suisse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 13:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price ...</p>\n\n<a href=\"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/s-p-500-can-keep-rising-credit-suisse-says-thank-earnings-51614109642?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111682954","content_text":"Earnings have been too good to ignore recently, and if the right developments for the economy unfold, they are likely to grow substantially from current levels.\nCredit Suisseraised its 2021 price target for the S&P 500to $4,300 from $4,200 on Tuesday. That means the strategists see the index gaining more than 11% by the end of the year from the current level. That isn’t even an aggressive prediction relative to the prevailing view on Wall Street. The average call among firms tracked by FactSet is for the index to hit $4,400.\nBut the bullishness has true merit. “With the economy reopening, stimulus abundant, and Fed policy uber-accommodative, it is no surprise that 2021 GDP is expected to run hotter than at any time in the past 35 years,” wrote Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, in a note.\nHe argued that because aggregate fourth-quarter earnings per share for companies in the S&P 500 has exceeded analysts’ forecasts by 17%, with the vast majority of firms having reported their results, earnings estimates must rise.\nHigher expectations for earnings generally lead to higher prices for stocks. Golub lifted his aggregate, macro-based estimates for S&P 500 EPS to $185 from $175 in 2021, and to $210 from $200 in 2022.\nAt first,investors didn’t seem to care that companies were putting expectations for fourth-quarter earnings to shame. The results didn’t matter, the reasoning went, because if Covid-19 vaccines couldn’t roll out on schedule or couldn’t adequately immunize against new strains, local economies wouldn’t be able to reopen and earnings would collapse.\nBut now,vaccines are finding millions of arms a day and trillions of dollars of added fiscal stimulus that would support demandare expected. Earnings estimates for the current quarterwere lower than the expected result for the fourth quarterjust a few weeks ago, so it is no surprise to see Wall Street increase them as restrictions related to Covid-19 are lifted. Strategists, on average, currently see EPS for the S&P 500 coming in at $198 for 2022.\nThe next question is at what multiple of per-share earnings the average stock on the S&P 500 is likely to trade. Golub sees the index at trading just above 20 times aggregate earnings for 2022 by the end of this year. That is down from roughly 22 times earnings expectations for the next 12 months currently.\nLower valuations are widely expected because yields on safe, U.S. Treasury debt are rising.Higher yieldsmake the risk of being in stocks incrementally less attractive, reducing the amount investors are willing to pay per dollar of future earnings.\nBut the rising rates also reflect improving expectations for the economy and inflation, which is consistent with better earnings that could power stock prices higher.\nNone of this means there aren’t risks. Any major setback to vaccinations would be detrimental to earnings and a decision from the Federal Reserve to raise interest rates too high, too soon, would be a risk to the economy and to stock valuations.\nStill, risks are subsiding. The potential for gains may build asstocks come under pressure in the current selloff.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":34,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}