Goldman Sachs ranks Super Micro, Salesforce, and Tesla in its top stocks for Q4 2024 ROE, raising its S&P 500 target to 6,000 points.

Goldman Sachs ranks Super Micro Computer, Salesforce, and Tesla among top stocks for consensus return on equity (ROE) as Q4 2024 approaches. The financial landscape is influenced by shifting interest rates, with Morgan Stanley forecasting significant cuts by year-end. Goldman Sachs has raised its S&P 500 target to 6,000 points, expecting 11.2% earnings growth in 2024. A positive trend in the Citi Global Economic Surprise Index indicates a shift from defensive to cyclical stocks.

October 19, 2024
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