The Dow Jones closed above 40,000 for the first time ever, with predictions of a 50% rise to 60,000 by 2030. Wall Street strategists are optimistic about the S&P 500 hitting 6,000 this year and rising further. Morgan Stanley and Deutsche Bank have raised their S&P 500 year-end targets to 5,500, with market sentiment turning bullish on US stocks, including a significant increase in earnings projections. Notable bears like Morgan Stanley's Michael Wilson have shifted to a positive outlook, with targets for the S&P 500 being revised upwards.
Dr. Ed Yardeni: To Infinity ♾ $SPX should rise... to 8000. That target could be achieved with a forward P/E of 20 and forward earnings at $400 per share, up 60% from an estimated $250 per share this year. We think that's possible in our Roaring 2020s scenario. $SPY $QQQ $DIA https://t.co/gVIsE0EOfo
⚠️JUST IN: *MORGAN STANLEY THROWS IN THE TOWEL: S&P 500 $SPY PRICE TARGET RAISED BY 20% WHAT ARE YOUR THOUGHTS? https://t.co/EGPaGguErh
*MORGAN STANLEY’S MICHAEL WILSON TURNS BULLISH ON US STOCKS It’s over. We had a good run. @zerohedge https://t.co/Gcy6QnG1rV
One of Wall Street’s last remaining bears, Morgan Stanley, has finally capitulated. Here’s its new S&P 500 target. https://t.co/cdUjJZoitH
Morgan Stanley Turns Bullish After the S&P Has Already Ripped Higher Morgan Stanly should subscribe to @LumidaWealth newsletter Take a look at our Dec ‘23 post ‘no Recession in Sight’ https://t.co/RRTFMp1nL3
Deutsche Bank lifts S&P 500 year-end target to Street-high of 5,500 https://t.co/hy5Ww9VqQX https://t.co/KgK2vR0Dfl
YARDENI: “.. In our #Roaring20s scenario, the $DJIA could increase 50% through the end of the decade to 60,000 in 2030. The S&P 500 should also increase 50%, to 8000, in this scenario.” - @yardeni $SPX 🇺🇸 https://t.co/sPNKjEidbb
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist https://t.co/9yQTM2fT1F
Morgan Stanley’s Michael Wilson, one of Wall Street’s most prominent bears, just turned positive on US stocks https://t.co/9leoh1GmH8
“The strategist — whose bearish 2023 outlook failed to materialize as markets kept rallying — finally gave in and boosted his target for the S&P 500 to 5,400 points from 4,500. That catapults his forecast from among the lowest on Wall Street to one that projects a fresh record… https://t.co/zaMB4gWCTG
DEUTSCHE: “.. We see the earnings cycle having plenty of legs. .. Macro upgrades likely have further to go. .. we raised our base case for $SPX EPS from $250 to $258 (+13% vs 2023) .. Adopting the top of the range as our year-end target: S&P 500 at 5500.” [Chadha] 🇺🇸 https://t.co/IMJY77twQH
⚠️ DEUTSCHE BANK LIFTS S(and)P 500 YEAR-END TARGET TO STREET-HIGH OF 5,500 Full Story → https://t.co/aL0S9KSkiP Deutsche Bank has raised its 2024 year-end S(and)P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity… https://t.co/jzhYilgE5H
6 months ago the average Wall Street 2024 year end target for $SPX was 4861. Today on May 20th $SPX is trading north of 5300. https://t.co/P7sRi7i3fI
MORGAN STANLEY: “.. it doesn't matter what we think but what the market thinks and it's clear that last week's data has given the markets more confidence in the ‘soft landing"/"Goldilocks’ outcome.” [Wilson] Ups 12-month $SPX target to 5400 https://t.co/OLdXA8aPd0
Bears capitulating, a thread: Jul 24 2023: ‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea Culpa May 20 2024: Morgan Stanley’s Wilson Capitulates on Bearish View of US Stocks / Strategist hikes S&P 500 12-month target by 20% to 5,400
❖ ONE OF THE LAST BIG BEARS ON WALL STREET TURNS BULLISH ON US STOCKS Morgan Stanley’s Michael Wilson now sees the S&P 500 rising 2% by June 2025, a major about turn from his view that the benchmark will tumble 15% by December. “In the US, we forecast robust EPS growth… https://t.co/084sRa1CNs
One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks https://t.co/eqRhXFZCWJ via @markets
Morgan Stanley’s Wilson Capitulates On Bearish View Of US Stocks - BBG https://t.co/h1Wzp6FDit
One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks https://t.co/mqxIWD4Etg
DB on its 5500 S&P 500 price target for the year: "We see the earnings cycle having plenty of legs. While all the growth may not materialize this year, we see market confidence in a continued recovery rising by year end, supporting equity multiples"
At 5,303, the S&P 500 is already 9% above the average 2024 year-end price target from Wall Street strategists (4,861). And there's still seven and a half months to go. $SPX Video: https://t.co/rsVNEDOgWh https://t.co/2k6wjs26XS
Will the Dow stay above 40,000? https://t.co/YkcIrmpO4J
“The Dow Jones Industrial Average closed above 40,000 on Friday for the first time. It's on track to rise 50% to 60,000 by 2030, in our opinion (chart). The S&P 500 should rise by as much to 8000. That target could be achieved with a forward P/E of 20 and forward earnings at $400… https://t.co/dDudCH68Bu
Will the S&P 500 hit 6,000 this year?
Wall Street's high mark for stock market returns in 2024 keeps moving up. https://t.co/4XcwCmXTbD https://t.co/2GelwvEWPb
The Dow Jones closed yesterday above 40,000 for the first time ever Heres more historical milestones for the Dow 👀⬇️ https://t.co/O1x1FfEgeB