Investing
The DJIA Bullish Case of 19,700 in 2016: Apple, Boeing, IBM, Nike, Pfizer, Goldman Sachs and More
January 13, 2016 10:35 am
Last Updated: March 18, 2020 9:53 pm
Goldman Sachs Group Inc. (NYSE: GS) generated a return of -5.79% in 2015, if you include the dividend yield. Still, it weighs heavily on the Dow with its $180.23 year-end share price. The consensus price target of $208.92 at the end of 2015 would imply upside of 17.36%, including its 1.44% yield. Goldman Sachs shares were down under $165.00 after the first seven trading days, and the consensus price target had drifted to just under $208. Goldman Sachs has the highest weighting of all 30 Dow stocks at almost 7%. That firm made its own projections for big banks in 2016, all with solid upside projections.
UnitedHealth Group Inc. (NYSE: UNH) rose over 18% in 2015, and its expected gain at the end of the year was 22.52%, including the 1.7% dividend yield. Its mean price target of $142.13 at the end 2015 was actually up marginally at $142.57 after the first seven days of trading in 2016. After UnitedHealth’s 2015 close of $117.64, it was down near $111.00 after seven trading sessions, but its weighting is roughly 4.6% of the entire Dow.
When you look at the existing 2015 year-end bull-bear scenarios on the large Dow stocks, some of these targets might actually seem silly. They were generated using the consensus analyst target prices from Thomson Reuters. On the bullish and bearish cases for 2016, the projected 2016 total returns were as follows:
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