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...The S&P BSE small-cap index is down 4.9 per cent month to date....
...“There is a lot of cover for the [protection and indemnity] element to address,” said Neal, citing the $3bn of liability reinsurance that the ship has access to through the International Group of P&I Clubs...
...30x P/E multiple is sustainable given rest of the index trades at 18x,” write Goldman’s David Kostin and team....
...Single stock short interest remains below average across every S&P 500 sector,” Goldman writes: As for Goldman’s list of the most heavily shorted stocks, the less-than-magnificent one is way out in front...
...Financial data company S&P Global is nearing a deal to buy research platform Visible Alpha for more than $500mn from a consortium of investment banks including Goldman Sachs, Jefferies and UBS, according...
...Financial data company S&P Global is nearing a deal to buy research platform Visible Alpha that could value it at more than $500mn from a consortium of investment banks including Goldman Sachs, Jefferies...
...Goldman, for example, expects 8 per cent EPS growth for the S&P 500 in 2024, and 6 per cent in 2025. And bottom-up EPS forecasts often get gradually trimmed as early-year optimism fades....
...Taking out the top 10 S&P stocks, EPS is expected to shrink 4 per cent in the first quarter, calculates Goldman Sachs....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...UBS also forecasts 4,700 for the S&P 500 at the end of 2024, Wells Fargo has a target range of 4,600-4,800, which is a not-very fancy way of saying “4,700, probs, maybe, dunno”....
...Jet spending for chief executives at S&P 500 companies increased to $41.3mn in 2022 (the most recent full year available), up 22 per cent from the year before and the highest amount in at least 10 years,...
...Even those who were right that the pandemic economic cycle was different, such as Jan Hatzius of Goldman Sachs, were too sanguine about inflation early on....
...Let’s crunch down on Goldman’s Granolas....
...Dealing with the first question, Goldman notes that while valuations are high, they’re not bubble high. Japanese stocks traded on a P/E of 67x in 1990. The Nifty 50 traded on a P/E of 34x in 1973....
...S&P 500 stock....
...Goldman Sachs has promoted Dan Blank to co-chair of its global M&A group. He joined Goldman in 2021 and previously led Morgan Stanley’s North American industrials investment banking business....
...Wall Street’s benchmark S&P 500 added 0.7 per cent in early trading, while the technology-heavy Nasdaq Composite rose 0.4 per cent....
...Berkshire’s line-up of managers, however, is to P/C insurance what Cooperstown’s honorees are to baseball.”...
...S&P 500 dividend yields went as high as 9.2 per cent in the first quarter of 1938, according to S&P Dow Jones Indices. Even IPOs paid them, as I read to my surprise in Peris’s book....
...(Zoomable version) Rocky Fishman — a former crack derivatives analyst at Deutsche Bank and Goldman Sachs who now runs his own research outfit Asym500 — strikes a somewhat different note in his own examination...
...Over at Goldman, they’ve been telling clients this week that the UK “offers one of the best entry points in its history (at least on a relative basis).” The FTSE 100 trades on a 11.6x P/E....
...“That’s impressive because we’re at a point right now where the industry’s growth in the last two years has been driven entirely by price,” said Jason English, an analyst from Goldman Sachs....
...Henry Timms will replace Neal Wolin, who held senior roles in the Clinton and Obama administrations, as head of the business that manages the reputations of one-third of the companies in the FTSE 100 and...
...Goldman Sachs, Bank of America and Société Générale have all recently raised their end of year forecasts for the S&P, which has notched more than a dozen record closes in 2024....
...Economic data: S&P Global will release its purchasing managers’ indices for manufacturing and services for February and annualised existing home sales for January will also be published....
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