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Goldman Sachs has once again reduced its S&P 500 target, citing the impact of tariffs on stock returns and economic growth. This adjustment reflects ongoing concerns about the broader economic implications of trade policies.
Goldman Sachs has revised its S&P 500 forecast for 2025 for the second time this month, now projecting the lowest estimate on Wall Street. This adjustment reflects ongoing concerns about market conditions and economic outlook.
Tesla shares fell nearly 6% amid a broader market sell-off, with CEO Elon Musk attributing the decline to his involvement with Dogecoin and political challenges. He acknowledged that the situation is significantly impacting Tesla's stock value and sales, as protests against him occur at dealerships nationwide. Additionally, analysts are concerned about reduced delivery forecasts linked to the new Model Y and potential tariff impacts, which Musk recently indicated could negatively affect the company.
Barclays has raised its price target for Pinnacle West Capital Corporation to $94 from $87. The company focuses on electricity production, transmission, and distribution, operating 56 power plants with a total capacity of 6,491 MW, alongside extensive networks of overhead and underground lines for distribution and transmission.
BNP Paribas Exane has raised its price target on Charter Communications to $380 from $360 while maintaining a neutral rating. Charter, a prominent American cable services provider, generates its net sales primarily from high-speed Internet access (42.4%), TV and on-demand video services (27.5%), and telephone services (8.2%). Additional revenue comes from advertising sales (3.2%) and other sources (5.5%), with 13.2% from commercial cable services.
BNP Paribas Exane has raised its price target on Vistra Corp. to $232 from $231 while maintaining an outperform rating. Vistra operates across six segments, including Retail, Texas, East, West, Sunset, and Asset Closure, with a total installed generation capacity of approximately 41,000 megawatts.
Huawei reported a 28% drop in profits last year, totaling 62.6 billion yuan ($8.6 billion), amid international economic uncertainty and ongoing US sanctions that have limited access to critical technology. Despite this, revenue rose 22% to 862.1 billion yuan, driven by its ICT infrastructure and consumer products. The company continues to innovate, launching its first smartphone with a homegrown operating system and the world's first triple-folding phone, while facing scrutiny over alleged bribery in the EU.
Access to the page has been denied. However, Musk's proposed $1 trillion in federal spending cuts could represent a significant shift for the defense sector, according to UBS. This move may reshape funding priorities and impact various defense initiatives moving forward.
Japan is emerging from a prolonged deflationary period, with February's industrial production rising 2.5% y/y, driven by demand for manufactured goods ahead of new US tariffs. However, uncertainties surrounding US trade policies are impacting global sentiment and expectations for the Bank of Japan's rate hikes, with a forecast suggesting USD/JPY may end the year lower at 145.
Goldman Sachs predicts that President Trump's tariffs will raise US inflation and unemployment, with a recession probability now at 30%. The average US tariff rate is expected to increase by 15 percentage points, potentially reduced to 9 through negotiations. Economic growth is projected to stall, prompting anticipated rate cuts by the Federal Reserve and European Central Bank.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs lowers S&P 500 forecast amid tariff impact on growth
15:58 31.03.2025
Goldman revises S&P 500 2025 forecast to lowest estimate on Wall Street
15:55 31.03.2025
elon musk blames doge and political issues for tesla stock decline
15:44 31.03.2025
barclays raises price target for pinnacle west capital to ninety four dollars
15:36 31.03.2025
bnp paribas exane raises charter communications price target to 380 dollars
15:35 31.03.2025
bnp paribas exane raises vistra price target to 232 maintains outperform rating
15:34 31.03.2025
huawei reports 28 percent profit decline amid sanctions and economic challenges
15:34 31.03.2025
Musk's trillion dollar spending cuts may reshape defense industry dynamics
15:34 31.03.2025
japan's economy faces uncertainty as tariff concerns impact currency outlook
15:33 31.03.2025
goldman sachs predicts inflation rise and recession risk amid tariff impacts
15:19 31.03.2025
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