cnnfn.cnn.com
Cohen sets 2000 targets
Wall Street strategist sees S&P at 1,525, Dow at 12,300 by end of 2000
December 16, 1999: 12:35 p.m. ET
NEW YORK (CNNfn) - One of Wall Street’s top stock strategists, Abby Joseph Cohen of Goldman Sachs & Co., forecast Thursday that the S&P 500 index will hit 1,525 by the end of 2000, a nearly 8 percent gain.
Cohen also predicted the Dow Jones industrial average will hit 12,300 by the end of 2000. That would be a gain of 9.6 percent over Wednesday's close of 11,225.32 and an increase of about 8 percent over the Dow’s all-time high of 11,326.04 set Aug. 25.
"The message is that we expect stock prices to reach new highs in 2000, although the gains will be more moderate than experienced in prior years,” Cohen wrote in a research report.
thestandard.net
"Cohen remained strongly bullish on the banking and financial services sector, one of her favorites (and one also heavily weighted in Goldman's portfolio). These stocks also followed in kind, regaining some of yesterday's losses. JP Morgan was up $1.63 to close at $132.75, and American Express (AXP) rose $2 to close at $152.50. "
cnnfn.cnn.com
Cohen remains bullish
Goldman analyst sees U.S. economy slowing, prolonging expansion
By CNNfn Correspondent Jennifer Westhoven
July 27, 2000: 2:21 p.m. ET
NEW YORK (CNNfn) - Goldman Sachs' Abby Joseph Cohen, one of Wall Street's most influential strategists, expects the stock market to continue rising into next year as the U.S. economic expansion chugs on, keeping corporate profits afloat.
In an interview with CNNfn, Cohen said she expects the Standard & Poor's 500 index to reach 1,650 by mid-2001, up from around 1,450 now.
Her target for the broad stock market index for the end of 2000 remains 1,575, which would mean a rise of 7.2 percent for the index for 2000.
Cohen, whose forecasts are closely watched by investors, said her bullishness is based on the belief that the U.S. economy is slowing down to more sustainable levels, allowing the current record expansion to continue.
Cohen said her forecasts for Corporate America's profits for the rest of the year may have been too cautious.
"If we need to adjust them, it wouldn't be down, it would be up. We have high confidence in this number," she said...
cnnfn.cnn.com
"Cohen: Stocks undervalued
Strategist says stock valuations are at the most attractive levels of the year
November 14, 2000: 10:35 a.m. ET
NEW YORK (CNNfn) - Abby Joseph Cohen, the influential Goldman Sachs strategist, said Tuesday that the S&P 500 is 15 percent undervalued and suggested the stock market's 10-week sell-off has created opportunities to pick up stocks at reasonable prices.
"Equity valuation has improved since March," wrote Cohen, who called share prices "the most attractive they have been all year."
...
But Cohen believes crude prices should peak by this spring, a move that could slow inflation and allow consumers and businesses to divert spending away from energy costs and into other needs
And today... |
