One of Wall Street's biggest bulls, BMO's Brian Belski, revised the bank's year-end 2024 forecast for the S&P 500.
“It has become clear to us that we underestimated the strength of the market momentum ,” Brian Belski , BMO Capital Markets chief investment strategist, wrote Wednesday morning in a note revising his 2024 year-end forecast to a Street high of 5,600.At the time the index stood at 4,550, over 5% off its January 2022 peak of 4,796.And before the calendar flipped, Goldman Sachs, Deutsche Bank, and Citi had joined BMO at 5,100, with Oppenheimer and Fundstrat taking pole position at 5,200.
Although BMO’s fresh forecast maps out a great destination for bulls, it does contain a notable warning about possible turbulence. Bill Ackman, the renowned billionaire hedge fund manager of Pershing Square Capital Management, maintains a portfolio of only eight stocks. This focused approach allows him to invest heavily in...This dividend stock offers a high yield and significant long-term growth potential. It's also one of the safest stocks you can buy. The post Why I Continue Buying Shares of This Healthy and Secure 5.3%-Yielding Dividend Stock appeared first on The Motley Fool Canada.
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