Stifel says the S&P 500 will keep climbing 'wall of worry' to hit 4,400, gives 10 stocks to play rally

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The S&P 500 should climb into year-end as recession threats lack teeth, the firm said.

The S & P 500 can rise to 4,400 by the end of the year as near-term recession talk proves unfruitful, according to Stifel. Market strategist Barry Bannister said the index should reach the 4,400 level before the end of December, to then trade near flat into April of 2024. That 4,400 level would mark a gain of 3.8% from Wednesday's close and 14.6% from the end of 2022. "We see no imminent U.S.

Morgan Stanley's strategist Wilson says don't expect a fourth-quarter rally, S&P to end the year at this level

 

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