C
📉 The recent market pullback has made valuations more rational, even for the ‘Magnificent Seven’ tech stocks.
⚖️ Citigroup believes the risk-reward balance for stocks has shifted positively.
🎯 The bank maintains a 6,500 year-end target for the S&P 500, suggesting significant upside potential.
@bernardodegarcia:
“City, for its part, is on the same page. By the way, City, good situation that is now bouncing off the 200 moving average. It highlights that the S&P 500’s pullback, a little more than 10%, has put the market at a more rational valuation, even for the Magnificent 7, these technology stocks that were losing some of their extreme prominence. We have to realize that there, there, the market itself has corrected 10%, but there are companies that have corrected a lot, 100%. In general, City says that all this, all this fall, rebalances the risk-benefit of stocks towards the positive side. Both banks, City and Morgan Stanley, retain their target for the S&P 500 of 6,500 points by the end of 2025, which would imply a current upside potential of around 15%.”
Watch the exact part of the video where @bernardodegarcia talks about Citigroup here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on Citigroup (C) at the following link. C stock.
