Forecasts & Analysis | Indices
S&P 500 Price Forecast – S&P 500 Continues to March Higher
The S&P 500 has rallied a bit during the trading session again on Wednesday, as we continue to grind higher through earnings season.
Wells Fargo Q1 Earnings Blow Past Estimates on Release of Loan Loss Reserves; Target Price $47
San Francisco, California-based multinational financial services company Wells Fargo reported better-than-expected earnings in the first quarter, largely driven by the release of $1.6 billion in its reserves for credit losses.
Morgan Stanley Lifts Magna International’s Target Price to $96, Upgrades to Equal-weight
Morgan Stanley raised their stock price forecast on Magna International to $96 from $61 and upgraded the mobility technology company’s stock to an “Equal-weight” rating.
European Equities: Economic Data, ECB President Lagarde, and Corporate Earnings in Focus
Economic data from the Eurozone and ECB President Lagarde will influence today, with corporate earnings from the U.S also in focus.
Many Sectors Are Primed For Another Breakout Rally – Are You?
As we start moving into the Q1:2021 earnings season, we need to be aware of the risks associated with the volatility often associated with earnings data and unknowns.
PepsiCo Q1 Earnings to Rise about 4%; Target Price $150
Harrison, New York-based global food and beverage leader PepsiCo is expected to report its first-quarter earnings of $1.12 per share, which represents year-over-year growth of about 4% from $1.07 per share seen in the same quarter a year ago.
S&P 500 Price Forecast – Stock Markets Continue Drive Higher
The S&P 500 initially pulled back during the course of the early hours, but then showed signs of strength again at the 4100 level.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Hits New Record High as ‘Stay at Home’ Shares Rise
The direction of the June E-mini NASDAQ-100 Index futures contract on Tuesday is likely to be determined by trader reaction to 13808.75.