Some on Wall Street are getting increasingly bullish on the S & P 500 , raising their price targets for the index. Oppenheimer Asset Management was the latest to do so. It increased its year-end S & P 500 price target from 4,400 to 4,900 — the highest in CNBC's Market Strategist survey . That follows Citi raising its S & P 500 target to 4,600 last week from 4,000. Citi also hiked its mid-2024 target to 5,000 from 4,400.
How to position for 5,000 Ball shared how to position for that scenario — and the stocks to buy. Mid-cap tech stocks : Ball said "mid tech is the equity place for tomorrow." Big tech stocks have contributed to much of the gains this year — although the rally is broadening out — but other well established "but not gigantic" tech stocks have "more premise looking ahead.
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