French Societe Generale: Bullish on S&P 500 to Reach 8000 Points, Buy on Dips

August 4th, Banque de France stated that strong US corporate earnings are spreading beyond large-cap tech stocks and continue to support the stock market.

The bank noted that 86% of companies have exceeded earnings expectations, profit margins are at historical highs, and 2026 EPS forecasts have been raised to $335.

Banque de France stated that artificial intelligence investment remains strong, with the S&P 500 expected to reach 8000 points, and urged investors to "buy on the dips."