Goldman Sachs doesn't see much standing in the way of more stock-market gains. In a note to clients on Friday, chief U.S. equity strategist David Kostin and his team said they expect the S&P 500 to grind up over the next two-plus years as earnings growth continues, and rolling forward their 12-month price target to 2,000 — 2,100 in 2015 and 2,200 in 2016 are further-out targets. (Note that of the most bearish Wall Street analysts, Deutsche Bank’s David Bianco also thinks stocks are looking pricey, but doesn't see the S&P 500 reaching 2000 until end 2015.)
Kostin and his crew lay out 15 stocks that offer a 25% forward p/e discount versus the S&P 500 median stock, 60% faster 2015 EPS growth and a higher dividend yield of 90 basis points. Ten of those 15 have also lagged the S&P 500 in 2014.
Five are consumer discretionary:
- Ford F
- General Motors GM
- Lowe’s LOW
- Whirlpool WHR
- GameStop GME
- Dow Chemical DOW
- Freeport-McMoRan Copper & Gold FCX
- International Paper IP
- Nucor NUE
- Avery Dennison AVY
- Principal Financial PFG
- Aetna AET
- Eaton ETN
- Stanley Black & Decker SWK
- Corning GLW
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- finvizcharts (change from open) http://finviz.com/screener.ashx?v=211&ta=0&o=-changeopen&t=F,GM,LOW,WHR,GME,DOW,FCX,IP,NUE,AVY,PFG,AET,ETN,SWK,GLW
- finvizcharts (weekly) http://finviz.com/screener.ashx?v=211&t=F,GM,LOW,WHR,GME,DOW,FCX,IP,NUE,AVY,PFG,AET,ETN,SWK,GLW&ta=0&p=w&o=-marketcap
- by market cap
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