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Top related persons:
Sam Stovall - 3 Stovall - 3 CFRA - 2 Michael Bloom - 2 Eli Lilly - 1 Lockheed Martin - 1 Morgan Stanley - 1 Becton Dickinson - 1
Top related locs:
U.S Cumming , Georgia Belém Brazil Atlanta Duluth , Georgia LBFoster Cumming
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Nasdaq - 2 Dow Jones - 2 Treasury - 2 Day - 1 Labor - 1 Walmart - 1 Lockheed - 1 Dynamics - 1

Search resuls for: "Stovall's"


6 mentions found


☆ These stocks could survive Wall Street's summer lull and thrive, CFRA’s Sam Stovall says
  + stars: | 2024-06-12 | by ( Pia Singh | ) www.cnbc.com   time to read: +4 min
June's historical average return comes out at just 0.1% while July typically sees a 1.2% gain, according to Stovall. Summer exception This summer could prove to be an exception to the typical summer lull, given the upcoming presidential election, Stovall said, noting that the broad market index has posted an average 3.7% summer increase during the 19 election years since World War II. Ahead of this year's election, Stovall expects a few aerospace and defense contractors to stand out. Other areas of the market that should survive and thrive during a slow summer period are consumer staples companies, tobacco names, health-care distributors and pharmaceuticals, Stovall said. Costco and Walmart shares are up roughly 29% and 2% this year, respectively, posting strong returns as consumers have become more motivated by price and value in a high-inflation environment.
Persons: Sam Stovall, Stovall, CFRA, Eli Lilly, Lockheed Martin, Morgan Stanley, Becton Dickinson, Christopher Horvers, FactSet Organizations: Day, Labor, Walmart, Lockheed, Dynamics, Republicans, Costco, JPMorgan
☆ 'Let your winners ride': Stocks will climb in 2024 as U.S. skirts a recession, CFRA's Stovall says
  + stars: | 2023-12-11 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
Stocks will continue to rise as the U.S. skirts a recession in 2024, according to CFRA chief investment strategist Sam Stovall. "By the end of 2024, CFRA sees the S & P 500 challenging the 5,000 level," Stovall wrote in a Friday note. "But since large, round numbers traditionally act like rusty doors, requiring several attempts before finally swinging open, our year-end target for the S & P 500 is 4,940." .SPX YTD mountain The S & P 500 has gained about 21% from the start of 2023. Stovall's forecast implies about 7% upside for the S & P 500 to the end of 2024.
Persons: Sam Stovall, CFRA, Stovall, Stocks, Michael Bloom Organizations: Nasdaq, Dow Jones, Reserve, Treasury Locations: U.S
☆ 100-year-old explains how he still has $1 million saved: 'I always lived within my means. I'm not a gambler.'
  + stars: | 2023-11-16 | by ( Annie Nova | ) www.cnbc.com   time to read: +4 min
In addition to the death of his wife, Martha, in 2022, Stovall has lost nearly all of his friends. Before he retired at 65, Stovall worked for almost half a century in the steel industry, including almost 30 years with LBFoster. He's held many titles: sales manager, marketing manager, property manager. After he speaks to Martha's ashes in the morning, Stovall makes himself breakfast. Bill and Martha Stovall.
Persons: Bill Stovall, Stovall, Martha, He's, Janice, Bruce, Kaye, Toni, Robert, Charles, Bill, Martha Stovall Organizations: LBFoster, Social Security Locations: Cumming , Georgia, Belém, Brazil, Atlanta, Duluth , Georgia, LBFoster, Cumming
☆ 'A short-term glitch:' Wall Street pros shrug off the effect of Fitch's downgrade on markets
  + stars: | 2023-08-02 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
The Dow Jones Industrial Average fell more than 200 points Wednesday after the downgrade as traders weighed the move. US10Y 1Y mountain 10-year yield 1-year However, Wall Street strategists mostly took the downgrade in stride. The S & P 500's 17% rally this year and the Nasdaq Composite's 33% advance had some traders worrying that equities have surged "too far, too fast." Stovall's S & P 500 year-end target is at 4,575 . Goldman Sachs' Jan Hatzius said Tuesday the downgrade will have "little direct impact" on financial markets.
Persons: Fitch, Janet Yellen, Sam Stovall, Stovall's, Wells Fargo's Christopher Harvey, Goldman Sachs, Jan Hatzius, Steven Zeng, Management's Yung, Yu Ma, Ma, CFRA's Stovall, Deutsche Bank's Zeng, Michael Bloom Organizations: U.S ., Fitch, AAA, Dow Jones, Treasury, Street, Nasdaq, Deutsche, BMO Locations: Washington, U.S, Tuesday's
☆ Sam Stovall says 2023 will be a bullish year, with one sector set to see large gains
  + stars: | 2023-01-31 | by ( Hakyung Kim | ) www.cnbc.com   time to read: +1 min
CFRA chief investment strategist Sam Stovall calls energy stocks a continued smart play in what he thinks will also prove a bullish year for the broader market. Stovall told CNBC's "Power Lunch" Tuesday that historical data gives strong backing for gains in the S & P 500 this year. Stovall's 2023 target for the S & P 500 is 4575, although he said that number's "more a weather vane than a laser beam." Fears of a recession are already reflected in market prices, Stovall said, and the market is already close to the bottom. Stovall reiterated his preference for energy stocks, saying he believes there's upside potential for energy prices.
☆ Investing in last year's top 10 stocks is 'a recipe for disaster,' expert says
  + stars: | 2023-01-14 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +2 min
Each of the 10 top-performing stocks in the S&P 500 index belonged to the same sector: energy. In a year in which every other sector in the S&P 500 lost money, energy stocks delivered an average return of 59%, with top performer Occidental Petroleum returning 119%. However, that doesn't necessarily mean you should go out and add any of these stocks to your portfolio now, investing experts say. "Doing a complete repositioning of your portfolio is a recipe for disaster." Here's why investing experts say to tread carefully before adding last year's winners to your portfolio.
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