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.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market outlook: New record for S&P 500 'feels inevitable'Why JPMorgan's trading desk says a new record high in the S&P 500 'feels inevitable'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock Market Outlook: S&P 500 on track for 28% gain this yearStocks are on track for a 28% gain this year, and the bull market will stretch into 2024, Oppenheimer says
Source: BusinessInsider - 🏆 729. / 51 Read more »