Ed Yardeni, president of Yardeni Research, sees significant upside for U.S. stocks in 2025, driven by a strong economy and healthy earnings.
“I’ve been recommending staying home rather than going global since 2010 and I’m shocked at how well it works," he said Friday on CNBC's Squawk Box. “The U.S. has a lot going for it.”
“Earnings are probably going to be up quite dramatically this coming year. We’re looking for $285 a share on the S&P 500. I think we’re above all the strategists on the Street, and that’s an 18% increase," the strategist said, adding that he sees the market rising on on earnings, not valuation.
"Just on earnings alone I think there’s a lot of upside in the U.S. market. Foreign markets not so much … it’s kind of a messed up world," Yardeni said, citing troubling economic and political fundamentals.
Yardeni last month forecast that the S&P 500 would end 2025 at 7,000 and reach 10,000 at decade's end.
