Here are Wall Street’s favorite stocks for an election-relief rally

Until Election Day, and maybe for a few weeks afterward if voting results are disputed, expect warnings about stock market volatility. But history has shown the market tends to rally after elections.

Something else to consider, no matter how the election turns out, is the likelihood of another round of stimulus out of Washington. The two parties are far apart at the moment, but both agree that more assistance is needed for business and families. It isn’t a stretch to expect another round of checks to go out and to see improvement in economic numbers as a result.

The S&P 500 Index SPX, -0.15% produced a six-month gain of 45% from its 2020 closing bottom on March 23 through Sept. 23. Following that advance, the benchmark index rose another 8% through Oct. 14, with 90% of its components showing increases. Such a wide breadth of gains following the tremendous rally “implies a double-digit annual pace” of returns for the index over the long term, the analysts wrote in a note to clients.

Wall Street’s favorites Looking at ratings for the S&P 500 among sell-side analysts polled by FactSet, there are 94 stocks rated “buy” or the equivalent by at least 75% of the covering analysts.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stocks fall on Wall Street as hopes fade for stimulus dealThe decline came as talks between Democrats and Republicans in Washington over another economic stimulus package continued to drag on, dimming investors’ hopes for a deal that can deliver more aid for the U.S. economy in the near term. Because cruela SpeakerPelosi hates America Stimulus 2 dims so will Trumps chances So the stock market runs on government stimulus? Got it!
Källa: USATODAY - 🏆 100. / 63 Läs mer »