Goldman sees S&P 500 cash spending accelerating
Nasdaq up ~0.7%, S&P 500 gains ~0.4%, Dow edges green
Comm Svcs leads S&P sector gainers; Energy sole loser
Dollar lower; crude off >1%; gold up ~1%; bitcoin up >2.5%
U.S. 10-Year Treasury yield edges down to ~4.08%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
GOLDMAN SEES S&P 500 CASH SPENDING ACCELERATING
Goldman Sachs strategists are forecasting that cash spending by S&P 500 .SPX companies will accelerate from an 8% year-over-year increase in 2024 to an 11% increase in 2025, noting that "strong earnings growth will drive strong cash spending growth," according to a note out on Friday.
They expect the most cash to be used on capital expenditures, followed by buybacks.
"The highly cash flow generative mega-cap technology stocks continue to return large sums of cash to shareholders while also investing heavily in AI," they write.
"However, the top 10 S&P 500 spenders increased cash spending by 36% year/year in 1H 2024, while the other 490 stocks increased spending by a more modest 7%."
(Caroline Valetkevitch)
*****
FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
U.S. Q3 EARNINGS GROWTH FORECAST WEAKENS FROM A WEEK AGO - CLICK HERE
INDIVIDUAL INVESTOR BEARS MAKE A LEAP - AAII - CLICK HERE
HOUSING STARTS, BUILDING PERMITS DIP AS BUILDERS, BUYERS AWAIT LOWER RATES - CLICK HERE
NASDAQ, S&P 500 RISE EARLY AS NETFLIX RALLIES - CLICK HERE
AS NASDAQ NEARS ITS HIGHS, TRADERS WAIT WITH BATED "BREADTH" - CLICK HERE
SPANISH HOTELS WIN 2024'S TOURISM BOUNCEBACK - BOFA - CLICK HERE
U.S. SMALL-CAPS IN FAVOURABLE SET-UP - CLICK HERE
MIXED Q3 EARNINGS WON'T DERAIL EQUITIES - BARCLAYS - CLICK HERE
AMPLE UK HOUSEHOLD SAVINGS BRIGHTEN CONSUMER SPENDING OUTLOOK - INVESTEC - CLICK HERE
LUXURY AND MINERS LIFT EUROPE - CLICK HERE
EUROPE BEFORE THE BELL: A CALMER END TO THE WEEK - CLICK HERE
LOTS OF CHINA NEWS, LITTLE CLARITY - CLICK HERE
免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。