David Kostin News

Subscribe to enjoy similar stories. The beginning of every new year always poses challenges to investors as they take the opportunity to reassess their strategies and portfolios. But 2025 is especially challenging.

Small-cap stocks are on a tear right now as they took the baton from megacap technology shares last week to lead the bull market on hopes interest rate cuts will broaden out the economic recovery to their benefit.

Corporate America needs to deliver a blowout quarterly earnings season for US stocks to extend a record-breaking rally, according to some Wall Street strategists.

Risks are mounting for some US firms that haven’t ever turned a profit as they’re compelled to raise capital at elevated interest rates to “remain solvent,” according to Goldman Sachs Group Inc. strategists.

The sharp rally in US stocks this year has left strategists at JPMorgan Chase & Co. and Goldman Sachs Group Inc. divided about whether a market bubble is forming. 

The S&P 500’s advance to a record high — fueled by a small group of supercharged technology stocks — doesn’t resemble past bubbles, according to strategists at Goldman Sachs Group Inc.

US economy is among factors that may help American corporate earnings top current forecasts, according to Goldman Sachs Group Inc. S&P 500 companies' earnings per share will rise 5% to $237 this year, Goldman strategists led by David Kostin have predicted. That's already above the median $231 forecast of strategists tracked by Bloomberg, and the firm sees numerous factors leading into the coming fourth-quarter earnings season that may help companies beat that figure.

Wall Street strategists call for all-time highs in US stocks in the year ahead, JPMorgan Chase & Co. stands apart, releasing the gloomiest forecast so far among its peers. The S&P 500 Index is set to drop to 4,200 by the end of 2024 — roughly 8% from its current level — as global growth decelerates, household savings shrink and geopolitical risks remain high with national elections including those in the US that could add to policy volatility, according to Dubravko Lakos-Bujas, the bank’s chief global equity strategist.

gains for the S&P 500 Index in 2024, say strategists at Goldman Sachs Group Inc., becoming the latest Wall Street bank to come out with a bullish call. The team, led by David Kostin, joins others who have turned more positive about the outlook for equities, like Morgan Stanley's Michael Wilson. Meanwhile, Bank of America Corp.'s Michael Hartnett has said investors have moved to overweight positions in stocks and bonds. Kostin's expectations are still moderate: he sees the US benchmark ending next year at 4,700 points, nearly 5% above its current level, but a slower advance than this year's 17% rally so far. A supportive mix of factors awaits US stocks, with the economy set to avoid a recession, earnings rising and valuations remaining steady, the Goldman team wrote in a note Wednesday.

By Lewis Krauskopf

Stock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter results will shine a light on how much those rates are already hitting profits — and what they’ll do to lofty equity valuations.

US technology stocks may be about to turn a corner after the Nasdaq 100’s biggest monthly decline this year, according to strategists at Goldman Sachs Group Inc. 

A sluggish day for stocks is keeping September on track to be the worst month of the year for Wall Street

“(Market) Predictions Are Difficult…Especially When They Are About The Future” –  Niels Bohr

Stocks have historically rallied after the Federal Reserve has finished raising interest rates. Markets might not get the same boost this time around, some investors and analysts warn.

Stocks have historically rallied after the Federal Reserve has finished raising interest rates. Markets might not get the same boost this time around, some investors and analysts warn.

Stocks have historically rallied after the Federal Reserve has finished raising interest rates. Markets might not get the same boost this time around, some investors and analysts warn.