Why Goldman Sachs thinks stocks will rip even higher

Goldman Sachs strategist Ben Snider expects the S&P 500 to climb roughly 7% from current levels to finish the year at 7,600, arguing continued earnings growth should push equities to new highs. The note comes as the S&P 500 has rallied about 12% since March 30—the steepest advance since April 2020—helping revive bullish positioning. Goldman advises tilting portfolios toward secular growth names with idiosyncratic earnings tailwinds and limited AI disruption risk (e.g., firms tied to power infrastructure) and highlights stocks such as Broadcom, Nvidia, AMD, Amazon, Meta and Micron. The market will remain sensitive to earnings from major growth names over the next two weeks and to geopolitical-driven oil spikes (a rise above $150–$200/barrel cited as a key downside risk). Overall market implication: a constructive, bullish outlook contingent on strong earnings and contained oil-driven inflation risks.