Three winning sector picks to last through next year: Art Hogan


He’s also very bullish on financials.

“I think financials will finally catch a leg because of rising interest rates on the long end of the curve. We are going to see some spread, and I think that is something that the financials have been waiting for,” he added. “So, the fundamentals behind the financials are very solid. And, I think they have rock solid balance sheets, and I think they are undervalued.”

His hunch is the S&P 500 will end 2019 around 3200, about an 11 percent gain from Friday’s close and above Hogan’s target of 3000. So, stocks are generally where he wants to be.

“I’d be afraid of anything that looks like a bond,” said Hogan, who expects yields to begin moving higher in the coming months — diminishing the attractiveness of that asset class.



Source link

Products You May Like

Articles You May Like

Even ‘top earners’ still might not be prepared for retirement
Walmart launches its first subscription box for apparel with Kidbox
ABB names Voser as interim CEO after Spiesshofer quits
Forget market downturns, this is biggest threat facing the US economy
60% of millennials don’t have $500 to cover their tax bill: Survey

Leave a Reply

Your email address will not be published. Required fields are marked *