Piper Sandler pivots to a more bullish stance on US stocks, lifts S&P 500 target

Investment bank Piper Sandler is turning more bullish on the US stock market, citing recent technical indicators and a broadening rally.

They note that historically, during election years, SMID-caps tend to outperform in the second half of the year, adding to their bullish sentiment. Futhermore, financials are seen as a bright spot by Piper Sandler."Financials have shown the most constructive price action," they wrote, highlighting a strong rally across various financial sub-sectors."They have led the recent surge higher in the market and have the most groups participating in the rally."

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.

This beauty stock is a Top Pick at Piper Sandler ahead of Q2 earnings seasonThis beauty stock is a Top Pick at Piper Sandler ahead of Q2 earnings season
Source: Investingcom - 🏆 450. / 53 Read more »

Buy these cheap quality stocks for the third quarter, says Piper SandlerWith a cloudy horizon for both the economy and the stock market, investors should lean on fundamentals, according to Piper Sandler.
Source: CNBC - 🏆 12. / 72 Read more »

These bank stocks yield more than 5% — and they are ‘poised to thrive,’ Piper Sandler saysThe firm called out a handful of bank stocks that offer attractive dividend yields.
Source: CNBC - 🏆 12. / 72 Read more »