Lates News

Savita Subramanian, a strategist at Bank of America, has raised the year-end target for the S&P 500 index from 5600 points to 6300 points. She stated that it is difficult to find the momentum for the index to continue its strong performance in the third quarter. The framework of our five target models reflects mixed results in the short-term outlook for earnings per share surprises. Negative guidance and revisions in April and May have improved to average levels, but economic surprise indicators have worsened. Profit growth in technology companies, which is leading corporate profits, is expected to slow down.