Stocks slip on Monday as Dow looks to close out its best month since 1976

The economy will experience a "slow erosion not a dramatic implosion," according to Trivariate Research. That makes cheap cyclical stocks attractive.

Parker said energy, metals and homebuilder stocks remain attractive compared to machinery, semiconductors, capital equipment and electronic equipment, even if earnings estimates are cut 30% to 50%. Wilson, who won the best portfolio strategist title in the latest Institutional Investor survey, said the rally can reach a range of 4,000 to 4,150 and he's leaning toward the upper bound. A rally to 4,150 would entail a 6% gain from here. .Five stocks notched fresh lows during Monday's trading session while a slew of energy names traded near all-time highs.

Start the countdown to Biden taking credit.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian Stock Market: Follows footprints of upbeat S&P500, DXY turns sideways, oil dropsMarkets in the Asian domain are displaying solid gains on Monday tracking decent weekly returns in S&P500. The 500-stock basket witnessed a stellar bu
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stocks open lower as S&P 500 pulls back from 6-week high; Dow heads for best October everU.S. stocks opened lower on Monday with the S&P 500 pulling back from Friday’s six-week high as investors wait for the Federal Reserve to deliver another...
Source: MarketWatch - 🏆 3. / 97 Read more »