Where the market is headed and what to buy.
Goldman Sachs is predicting what the earnings growth next year will be with their official 2023 outlook, out now. "We expect less pain but also no gain," David Kostin, Goldman's chief U.S. equity strategist wrote in a note Monday. However, stocks won't stay in a straight line all year. Instead, Kostin predicts stocks will drop at first as he expects the Federal Reserve's tightening cycle will end in May, which will cause investors to shift their focus to growth in 2024. Subscribe to CNBC Pro to see what Goldman's baseline forecast assumes for 2023, and if it will be a soft landing for the U.S. economy. |
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Here are more of today's top stories, exclusively for CNBC Pro subscribers! Morgan Stanley's Wilson says inflation is set to slide; warns of 'new era' ahead
TUE, NOVEMBER 22 2022 Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more TUE, NOVEMBER 22 2022 Amazon is down 40% this year — is now the time to buy? Market pros give their take
MON, NOVEMBER 21 2022 Wall Street loves these Nasdaq stocks that could lead the beaten-down index higher going forward MON, NOVEMBER 21 2022 These are the energy stocks Josh Brown and Joe Terranova like through the end of 2022
MON, NOVEMBER 21 2022 Bill Ackman doubts Fed can tame prices: 'We'll have to ultimately accept a higher level of inflation' TUE, NOVEMBER 22 2022 |
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