The S&P 500 could hit a new record high thanks to tech and bank stocks, BMO investing chief says
could jump another 13% to hit a record high by the end of the year thanks to better-than-expected tech and bank stock earnings, according to BMO's investing chief.
Brian Belski said Friday that his base case would see the benchmark index hover around its current level for the rest of the year – but laid out a more bullish scenario where fourth-quarter earnings surprises drive it past its current all-time high of just under 4,800 points. "Our bull case is 5,050 – meaning brand new price highs on the S&P 500," Belski, who is BMO Capital Markets' chief investment strategist, told"What we believe could drive that is surprising earnings growth, especially in the fourth quarter," he added, citing tech, communications, and financials as the three sectors that could post better-than-expected results.in March triggered a crisis for regional lenders.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stock market outlook: Fundstrat raises 2023 S&P 500 price target on AIHere's why Wall Street's biggest bull thinks the stock market is headed to record highs this year
Consulte Mais informação »
S\u0026P 500 Forecast: Rally Amid Economic HeadwindsThe S\u0026P 500 displayed a rally during Friday\u0027s trading session, approaching a significant resistance level near 4500.
Consulte Mais informação »
Fundstrat's Tom Lee raises S&P 500 target, sees all-time high before year-endFundstrat founder Tom Lee has grown more bullish on stocks, seeing the S&P 500 reaching a record high before the end of 2023.
Consulte Mais informação »
S&P 500 opens little changed in shortened session to kick off the second half: Live updatesThe S&P 500 was near flat Monday as investors looked to the start of the second half of what's already been a stellar year on Wall Street.
Consulte Mais informação »
S&P 500, Nasdaq Ahead of US Jobs Data: No Sign of a ReversalThe uptrend in the S&P 500 and the Nasdaq 100 index is intact. However, there are some signs of fatigue emerging, especially on the technology-heavy index. What is the outlook and what are the key levels to watch?
Consulte Mais informação »
The World’s 500 Wealthiest People Got $852 Billion Richer the First Half of This YearElon Musk was the biggest winner, adding $96.6 billion to his fortune from January through June.
Consulte Mais informação »