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| Name | Stocks hit all-time highs, spurring Oppenheimer to review its S&P 500 price target |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 05-07-2024 21:45:00 |
| Video Discription | #sp500 #yahoofinance #market Stocks (^DJI, ^IXIC, ^GSPC) are trading in the green ahead of Friday's market close, the major indexes digesting June's jobs report which has reignited speculation about a potential Federal Reserve interest rate cut Oppenheimer chief investment strategist John Stoltzfus joins Market Domination to share his market outlook. Stoltzfus says that the June jobs report "very clearly" indicates the resilience of the job market. He commends the Federal Reserve, stating, "The Fed's done the job," though he acknowledges there's still some work left. Notably, Stoltzfus points out that "they have yet to push the economy into a recession," adding, "the economy appears to be larger than the negative pitchbook at this time," which he believes creates a favorable environment for equities. When questioned about his S&P 500 year-end target for 2024, Stoltzfus reveals it's under review due to the market's consistent outperformance of his current projections. "Our targets are based on... fundamentals. It has to be the trends that we see both in economic data as well as in revenue growth, and earnings growth," Stoltzfus tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith Yahoo Finance: Market Coverage, Stocks, & Business News About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
| Tags | Yahoo Finance | Personal Finance | Money | Investing | Business | Savings | Investment | Stocks | Bonds | FX | Currencies | NYSE | Equities | News | Politics | Market | Markets | Yahoo FInance Premium | Stock market | S&P 500 |
