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Stocks are primed for another big stock market gain in 2025 given U.S. economic strength and likely deregulation under President-elect Donald Trump, according to Wells Fargo. The Wall Street bank expects the S & P 500 will advance to 6,600 by the end of 2025. .SPX YTD mountain S & P 500 Wells Fargo is the latest big firm to release its 2025 S & P 500 year-end target, with virtually all shops thus far anticipating a roughly 10% gain or more for the broad market index. Goldman Sachs' David Kostin this week said he expects the S & P 500 to end next year at 6,500. The S & P 500 surged 24% in 2023, and is up more than 23% this year.
Persons: Donald Trump, Darrell Cronk, Goldman Sachs, David Kostin, Morgan Stanley's Mike Wilson, Brian Belski, Cronk Organizations: Wells, Investment Institute, BMO, UBS, CNBC, & $ Locations: Wells Fargo, Tuesday's
The S & P 500 has been drifting lower for a week. Pity the Wall Street strategists Pity the poor Wall Street strategists who are now writing their 2025 outlooks. That is about 10% above the current S & P 500 level. What is the current average yearly return of the S & P 500? The S & P 500 is up 0.3% since the close on Election Day.
Persons: Donald Trump's, Brian Belski, Morgan Stanley, Mike Wilson, Goldman Sachs, David Kostin Organizations: Bulls, Street, BMO Capital, UBS, ISI, Trump Locations: Russia, Ukraine, Iran
Stocks still have significant gains in front of them heading into 2025, at least according to BMO Capital Markets. Although bull markets over the past 50 years have averaged about six years in length, the current bull market is just starting its third year but, unfortunately, the third year of past bull markets have been the weakest of the bunch, he cautioned. .SPX YTD mountain The S & P 500 is little changed on Monday, but has gained about 23% in 2024. Heading into 2024, the S & P 500 had advanced more than 24% in 2023. The latter envisions the S & P 500 ending 2025 at 5,500, or about a 6% decline from the index's current price, mostly as a result of inflation picking up steam.
Persons: Stocks, Brian Belski, Belski, Belksi Organizations: BMO Capital Markets, BMO, Federal Reserve, & $ Locations: Canadian
BMO's Brian Belski explains his 2025 year-end target of $6,700
  + stars: | 2024-11-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO's Brian Belski explains his 2025 year-end target of $6,700Brian Belski, chief investment strategist at BMO Capital Markets, joins 'Halftime Report' to lay out his case for his firm's $6,700 S&P target for 2025.
Persons: Brian Belski Organizations: BMO Capital Markets
The S&P 500 enjoyed a compound annual growth rate of 12.1% from Trump’s surprise election in November 2016 through Biden’s 2020 victory, according to CFRA. “The Trump market was so strong because of a combination of very low inflation, very low interest rates and tax cuts,” said Stovall. The S&P 500’s growth rate under Democrats is 10% compared with 6.7% under Republicans, according to CFRA. In those six years since 1945, where such a dynamic has been in place, the S&P 500 has enjoyed a sizzling growth rate of 16.8%. In fact, the market has generally performed better during times of higher, not lower, tax rates across changes in all three categories, BMO found.
Persons: Donald Trump, Joe Biden, ” Trump, Biden, Sam Stovall, Stovall, Bill Clinton, Kamala Harris, “ Biden, ” Stovall, Trump, Clinton, , , Barack Obama, Hillary Clinton, CFRA, ” Brian Belski, Richard M, Nixon, George W, Bush, . Bush, , Richard Nixon, Bush –, ” Belski, Gridlock, Harris, BMO’s Belski Organizations: New, New York CNN, Biden’s, CFRA Research, Biden, Trump, Wall, , Democrats, Republicans, Gross, Democratic, BMO Capital Markets, Clinton, Congress, Investors, Republican, White, BMO Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Solus' Dan Greenhaus, Payne Capital’s Courtney Garcia and BMO’s Brian BelskiSolus' Dan Greenhaus, Payne Capital’s Courtney Garcia and BMO’s Brian Belski, join 'Closing Bell' to discuss the markets, yield moves and earnings season.
Persons: Solus, Dan Greenhaus, Payne Capital’s Courtney Garcia, BMO’s Brian Belski Solus, BMO’s Brian Belski
Here are 13 top stocks that are cheap and have above-average earnings growth. Mega-cap growth stocks dusted their smaller peers for 18 months, beginning in early 2023. These firms have above-average earnings growth and cheaper-than-average valuations, and they have an impressive record of outperformance over the last few decades. Without potent earnings, GARP stocks could risk falling into the "value trap" category. Cheaper GARP stocks should become more appealing in that backdrop, according to BMO, and historical performance backs that up.
Persons: , Brian Belski, he's, Belski Organizations: BMO Capital Markets, Service, BMO Capital, BMO, Markets
A number of bank research desks have raised their S&P 500 price targets in recent weeks. AdvertisementThe bull market hasn't weakened in the fourth quarter, and top bank research desks have been rushing to raise their S&P 500 price targets into year-end. AdvertisementBelski said his upgrade was based on strong market gains so far this year, which he says typically leads to stronger-than-normal gains in the fourth quarter. Lakos-Bujas kept his 4,200 price target for the S&P 500 unchanged, though. AdvertisementThe more upbeat 2024 forecasts come as the bull market charges on, with the S&P 500 up 3.2% in the last month and 22.6% this year.
Persons: , hasn't, Goldman Sachs, Jonathan Golub, Patrick Palfrey, David Kostin, Kostin, Brian Belski, Belski, Dubravko Lakos, Bujas Organizations: Service, UBS, BMO, Deutsche Bank, Bloomberg, Reserve
However, the group has been left in the dust by large caps, which continue to thrive. Here are 17 stocks to buy as SMID caps make a major comeback. So-called SMID caps seemed poised to take the baton from large caps over the summer. Why a shift toward smaller stocks is comingCentral to BMO's bullish thesis for smaller stocks are the group's eye-grabbing relative performance and valuations. 17 stocks to buy before a market reversalAfter a series of false starts, Belski believes smaller stocks will finally lead the market higher.
Persons: , BMO —, Brian Belski, Belski, BMO's, they've Organizations: Service, BMO Capital Markets, BMO, BMO Capital Locations: , Central, US
Small-cap stocks are showing signs of life
  + stars: | 2024-10-15 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Small-cap stocks are starting to show signs of life lately. While the IWM has delivered 12% this year, that is far below the S & P 500 gain of almost 23%. IWM YTD mountain IWM Many investors are uncertain how long the latest trend can continue. The Russell 2000 ETF is higher by 1.6% in October against 1.2% for the S & P 500, but over the past three months, the S & P 500 has outperformed, 3.6% to 3.3%. "We think Fed rate cuts have a strong ability to create a favorable backdrop for small-cap stocks," Michael Graham, analyst at Canaccord Genuity, wrote Tuesday.
Persons: Russell, What's, Brian Belski, Michael Graham, Genuity, Graham Organizations: Federal Reserve, BMO Capital Markets
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Brian Belski trims Home Depot, McDonald's, Chevron and buys LululemonBrian Belski, Chief Investment Strategist at BMO Capital Markets, joins 'Halftime Report' to break down his latest portfolio moves.
Persons: Belski, Brian Belski Organizations: Chevron, BMO Capital Markets Locations: McDonald's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Brian Belski buys Southern Co. and sells Ally Financial, AmeripriseBrian Belski, Chief Investment Strategist at BMO Capital Markets, joins 'Halftime Report' to detail his latest portfolio moves.
Persons: Brian Belski, Ameriprise Brian Belski Organizations: Southern Co, Ally, BMO Capital Markets
BMO's Brian Belski raised his S&P 500 price target to 6,100, signaling 7% upside by year-end. In a note on Thursday, Belski raised his S&P 500 price target for 2024 to 6,100, representing potential upside of 7% over the next three months. Belski's prior 2024 price target for the S&P 500 was 5,600. AdvertisementBelski also finds it encouraging that recent stock market gains have not been concentrated in just the mega-cap technology stocks. AdvertisementBased on Belski's 6,100 price target, that implies a price-to-earnings ratio of 24.4x, which is above historical averages.
Persons: Brian Belski, , Belski, Belski's Organizations: Service, BMO, Wall, Federal, Fed
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Commodity price movements Stocks have rallied on the back of the Fed's rate cut. The S&P climbed 1.7% to end at 5,713.64, the first time the broad-based index has broken through the 5,700 ceiling. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."
Persons: Stocks, it's, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, , Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, Citi, HSBC, People's Bank of, Bank of, Fed, Dow, Nvidia, Apple, BMO Locations: New York, China, Japan, Asia, People's Bank of China, Bank of Japan, Dinah Washington . Washington
US stocks traded slightly lower as investors pressed pause on the rally to record highs. The S&P 500 and Dow Jones hit record highs on Thursday after the Federal Reserve's 50 basis point rate cut. Heavy trading is expected on Friday due to option expirations and S&P quarterly index rebalancing. AdvertisementUS stocks traded sightly lower on Friday as investors pressed pause on the ongoing rally to record highs. The so-called triple witching day occurs when there is a simultaneous expiration of stock options, index options, and index futures contracts.
Persons: Dow Jones, , Thursday's, Jerome, Brian Belski, Michael Reinking, Reinking Organizations: Federal, Service, Dow Jones, Nasdaq, NYSE, Here's
CNBC Daily Open: One day makes all the difference
  + stars: | 2024-09-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. "Recalibration" Fed Chair Jerome Powell's use of the word "recalibration" seemed to reassure investors that the central bank's 50 basis point cut wasn't that worrying. It signaled the Fed wasn't responding to a slowing economy, but shifting focus to ensuring employment doesn't dip further, wrote CNBC's Jeff Cox. At the end of Washington's song, she croons, "What a difference a day makes / And the difference is you."
Persons: BOE, Jerome Powell's, Jeff Cox, Dinah Washington, Oppenheimer, Brian Belski, Powell, , Alex Harring, Fred Imbert, Hakyung Kim, Lisa Kailai Han Organizations: Nasdaq, CNBC, JPMorgan Chase, of England, Monetary, Fed, Dow, Nvidia, Apple, BMO Locations: New York, Dinah Washington . Washington
Here's why BMO raised its S&P 500 target for 2024 to 6,100
  + stars: | 2024-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why BMO raised its S&P 500 target for 2024 to 6,100BMO Capital's Brian Belski joins CNBC's Halftime Report to explain why he raised S&P 500 target for 2024 to 6,100 from 5,600.
Persons: Brian Belski Organizations: BMO
Chief investment strategist Brian Belski lifted his year-end target for the broad index by 500 points to 6,100. That new forecast implies the S & P 500 can climb 8.6% from Wednesday's close. .SPX YTD mountain S & P 500 YTD Belski said his update came after yet another rebound in equities pushed the index to trade around his prior target. Even if the S & P 500 tests lows seen during September's choppy trading, the investing strategist said he remains confident that it can rise into year-end. The S & P 500 has climbed more than 19% in 2024.
Persons: Brian Belski, It's, Belski, What's Organizations: BMO, CNBC, Federal Reserve Locations: Wednesday's, U.S
As expected, the Fed has been coy about cuts, leaving markets torn between pricing in a 25- or 50-basis-point reduction. "In cycles where rate cuts were able to prolong economic expansion and keep corporate earnings on an upward trend, stocks performed quite well," Belski wrote in a mid-September note. AdvertisementWhile rate cuts aren't a cure-all, Belski is confident that the economic expansion will continue, which will keep this bull market on firm footing. "But with significantly strong trailing one-year performance headed into this initial rate cut, future gains are likely to be more muted relative to historical norms." Sectors poised to outperform as the Fed finally cuts ratesAfter outlining how US stocks broadly have fared following cuts in the last four decades, BMO shared relative sector performance before and after periods of rate declines.
Persons: , that's, Ohsung Kwon, Brian Belski, Belski Organizations: Service, Federal Reserve, Business, " Bank of America, BMO Capital Markets, Fed, BMO Locations: bankable, Montreal
A specials trader works at his post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2024. Stock futures edged slightly lower Sunday night as investors await the Federal Reserve's highly anticipated policy meeting, during which central bankers are expected to cut rates for the first time since 2020. S&P 500 futures hovered below the flatline, while futures tied to the Dow Jones Industrial Average shed 4 points, or less than 0.1%. The S&P 500 is less than 1% away from its July record and could notch a new all-time high this week. Central bankers are set to meet on Tuesday and Wednesday and are widely anticipated to make their first interest rate cut since they began hiking rates in March 2022.
Persons: Brian Belski, Mills, Olive Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, BMO Capital, Darden, FedEx, homebuilder Locations: New York City, U.S, Olive Garden
The bulls on Wall Street have been largely right about the stock market over the past two years. Business Insider asked three bullish stock strategists what they consider the biggest risks. Yet, those economists have been largely wrong about what could sink the stock market and economy. "In May/June, when you had a lot of bears or those that had been late to jump on the bull parade all of a sudden switch their forecasts and kind of chase markets up, which is pretty, I mean pretty, pretty, pretty classic," Belski told Business Insider. The second risk is, similar to Belski's concern, a 1990's type melt-up in the stock market.
Persons: , Brian Belski, Belski, Yardeni Research's Eric Wallerstein Eric Wallerstein, Wallerstein, that's, Carson, Sonu Varghese Sonu Varghese, Varghese Organizations: Business, Service, BMO, Nvidia, Yardeni Research, Carson Group, Federal Locations: Russia, Ukraine, China, Taiwan
Now could be a good time to start buying stocks with high dividend yields, according to BMO Capital Markets. The highest-paying S & P 500 stocks have significantly underperformed the index over the last year and a half, even with the rebound they've enjoyed in recent months, said chief investment strategist Brian Belski. They are rated outperform by the firm's analysts and fall within the top 25% of S & P 500 stocks by dividend yield. Digital Realty Trust, which pays a 3.28% dividend yield, owns, develops and operates data centers — which are expected to see surging demand thanks to AI . Host Hotel & Resorts, which owns luxury and upper-upscale hotels, has a 4.92% dividend yield and is down 16% so far this year.
Persons: they've, Brian Belski, Belski, AbbVie Organizations: BMO Capital Markets, Federal, Fed, BMO, Pfizer, pharma, AbbVie, Cerevel Therapeutics, American Electric Power, Southern Company, Utilities, Digital Realty Trust, Host Hotels, Resorts Locations: Southern
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why BMO Capital's Brian Belski says the recent market action is 'pretty normal'Brian Belski, BMO Capital chief investment strategist, joins 'Squawk on the Street' to discuss his thoughts on equity markets, what he would advise investors to buy, and much more.
Persons: Brian Belski Organizations: BMO, BMO Capital
Dividend stocks are set to surge as investors deploy $6 trillion from money-market funds, Bank of America says. Investors could be looking to invest their cash as the Fed gets ready to cut interest rates in September. AdvertisementSome of the highest-yielding S&P 500 companies include Walgreens Boot Alliance, Altria, Verizon, Ford, and AT&T. And while the S&P 500 as a whole offers a dividend yield of about 1.25%, there are nearly 300 S&P 500 stocks that offer a higher yield. AdvertisementSome of the high-paying dividend stocks recommended by Belski include Abbvie, Chevron, Duke Energy, Gilead Sciences, and Pfizer.
Persons: , Savita Subramanian, Subramanian, BMO's Brian Belski, Belski Organizations: Bank of America, Fed, BMO, Gilead Sciences, Service, Treasury, Walgreens Boot Alliance, Altria, Verizon, Ford, Belski, Duke Energy, Pfizer Locations: Chevron, Gilead, Abbvie
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus’ Joe Terranova, BNY’s Alicia Levine and BMO’s Brian BelskiVirtus’ Joe Terranova, BNY’s Alicia Levine and BMO’s Brian Belski, join 'Closing Bell' to discuss the midsummer market moves.
Persons: Virtus ’ Joe Terranova, BNY’s Alicia Levine, BMO’s Brian Belski Virtus, Joe Terranova, BMO’s Brian Belski Organizations: Virtus ’
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