Markets

A Democratic sweep could have a ‘modestly positive’ impact on corporate earnings, Goldman Sachs says

A Democratic sweep in November could yield unexpected benefits for corporate profitability and stock investors,Goldman Sachs said Tuesday. Strategists led by David Kostin see “a modestly positive net impact” pushing S&P 500 earnings higher should Democrats take control of the government. Boosted fiscal spending would drive economic growth and “help […]
A Democratic sweep could have a ‘modestly positive’ impact on corporate earnings, Goldman Sachs says
Markets

A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally

S&P 500 corporate profits are holding up far better than they did in past recessions, and it helping fuel the stock market’s summer rally, says James Paulsen, chief investment strategist at The Leuthold Group. Shrinking GDP typically drives profit declines roughly four to five times larger than what was seen […]
A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally