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Goldman Sachs: Mid year S&P 1300 is on route

Posted on May 10, 2010September 27, 2018 by freesbee

Goldman Sachs is not ready to back down from its mid year S&P target 1300 given the strong global recovery. They highlight the continuing low valuations, stronger than expected earnings, robust recovery and positive money flows. Last week’s strong labor report and robust ISM readings were unjustly ignored in their opinion. They expect the robust earnings recovery to continue into the back half of 2010 and still find the market attractive based on valuations:
GS preference includes energy, materials, info tech and companies with BRIC revenue exposure.

Tagged with: dow, jones, nasdaq, S&P

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