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Goldman Sachs' 2024 Equity Outlook: Winning Stocks And Sectors To Watch

Benzinga ·  11/17/2023 04:51

Goldman Sachs projected a bullish scenario for stocks in 2024, with the S&P 500 expected to hit 4,700, signifying a 12-month price gain of 5% and a total return of 6%, inclusive of dividends.Analysts David J. Kostin, Ben Snider and Ryan Hammond expect the U.S. economy to continue its modest expansion through 2024, staving off recession risks. The team forecasted a 5% increase in corporate earnings, with market valuation estimated to remain steady at a price-to-earnings (P/E) ratio of 18x. While a 6% projected return for the broader market slightly underperformed the typical 8% average return seen in presidential election years, it depends

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