Goldman Sachs has upgraded its target for the S&P 500, forecasting it will climb a further 5 percent to 1750 by year-end, from an initial estimate of 1625.
Wells Fargo's valuation to the consensus forward earnings estimate is only slightly above the rest of the "big four" U.S. banks, despite being the strongest and steadiest earner among the group for many years. TheStreet.com reports.
"I don't expect a crash. But I think for the time being, the market has peaked out" and "bonds, which are extremely oversold, could rebound," Faber said on CNBC.
While the S&P 500 has climbed 11.75 percent in the past three months, the health care sector has only managed to muster a 2.3 percent climb over the same time period. But underperformance tends to be cyclical.
In a market environment littered with deals, CNBC's Jim Cramer sees a growing divergence between market pros on the bullish and bearish ends of the spectrum.
Despite an improving housing market and firming prices, it's going to be difficult to achieve what is already priced into the stocks, which skyrocketed last year, an analyst told CNBC.