Goldman Sachs Picks Netflix, Chevron, Facebook As 2016 Earnings Winners

By Sue ChangMarketWatch Pulse

Netflix Inc. is expected to see its 2016 earnings per share jump 49% in 2016, making it Goldman Sachs' top pick for earnings growth in 2016. Chevron Corp. , Facebook Inc. , and Salesforce.com Inc. are also expected to report at least a 30% rise in EPS while Celgene Corp. is projected to post a 25% increase in EPS. Netflix and Facebook scored well for sales growth with Goldman projecting Facebook will see sales rise 35% while Netflix will post an increase of 27%. The investment bank earlier this week cut the S&P 500's year-end target to 2,000 from 2,100 and lowered its 2015 earnings-per-share forecast to $109 from $114, a 3% decline from last year. In 2016, Goldman sees the S&P climbing 5% to 2,100, with earnings per share at $120.

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