Monday, 30 October 2017

Stocks to go “8-10 percent higher” by end next year with earnings growth

There is still life in the current bull run in the stock market, according to Brian Nick, chief investment strategist at Nuveen.

Nick told CNBC recently that the next couple of months could become bumpy for stocks as good news headlines go away and the markets deal with uncertainty over factors such as tax reform.

However, further ahead, he sees more gains for stocks.

“If you're looking forward into the end of next year, the light is still green for the U.S. economy and for corporate profits,” he said.

“Between now and then, we see the markets anywhere between 8 percent and 10 percent higher, and that's basically in-line with our expectations for earnings growth,” he added.

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