Predictions are flowing in...............
BMO Capital set next year’s S&P 500 target at 6,700, or a 14% gain from here. UBS sees S&P rising to 6,400 in 2025, about 9% from here. Goldman’s 2025 stock market forecast calls for the S&P 500 to gain 11%. Wells Fargo (NYSE:WFC) Investment Institute has raised its year-end 2025 target for the S&P 500 index to 6500-6700, reflecting expectations for stronger economic growth and supportive policy changes.
Earnings growth is expected to go up entering into 2025 with first two quarters likely to produce 11.2% and 12.5% growth rate, respectively, on 5% higher revenues each quarter. Also, note that on a calendar-year basis, the 7.9% expected earnings growth this year (2024) will be followed by double-digit gains in 2025 and 2026.
SELL!!!!...................oh wait, maybe not.
