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Goldman Sachs: S&P 500 Margins Have Plateaued

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Rupert Hargreaves
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S&P 500 margins have plateaued, and technology margins will start to decline during 2017 according to Goldman Sachs, which has today published a downbeat report on the outlook for the S&P 500 for the next two years. ValueWalk has been able to review the report.

Goldman expects 2015 to be the worst year for S&P 500 EPS since 2008, although, if you exclude the energy sector, earnings are expected to expand by a healthy 7% for the year. Including energy earnings Goldman predicts S&P 500 EPS will fall by 7% to $016.

Looking forward, Goldman believes that S&P 500 EPS will grow...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha