The S&P 500 and Nasdaq Composite are also up for the month, putting Wall Street on track to snap a two-month losing streak.
The economy will experience a "slow erosion not a dramatic implosion," according to Trivariate Research. That makes cheap cyclical stocks attractive.
Parker said energy, metals and homebuilder stocks remain attractive compared to machinery, semiconductors, capital equipment and electronic equipment, even if earnings estimates are cut 30% to 50%. Wilson, who won the best portfolio strategist title in the latest Institutional Investor survey, said the rally can reach a range of 4,000 to 4,150 and he's leaning toward the upper bound. A rally to 4,150 would entail a 6% gain from here. .Five stocks notched fresh lows during Monday's trading session while a slew of energy names traded near all-time highs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Enormous meteor strike blows 500 foot-wide crater into Mars | Digital TrendsOne of the biggest meteor strikes ever witnessed in the solar system has been recorded by two different Mars missions.
Read more »
To carry iron to the world, Brazil’s 500-mile rail disrupted countless livesThe Greater Carajás Project has faced scrutiny from human rights and environmental organizations for alleged abuses and violations that have transformed life for the many communities along its path
Read more »
Weekly Forex Forecast \u2013Gold,BTC/USD,EUR/USD,GBP/USD,S\u0026P 500Bitcoin has had a slightly positive week, but quite frankly it is still flat on its back- - forextrade forextrading
Read more »
Asian Stock Market: Follows footprints of upbeat S&P500, DXY turns sideways, oil dropsMarkets in the Asian domain are displaying solid gains on Monday tracking decent weekly returns in S&P500. The 500-stock basket witnessed a stellar bu
Read more »
S&P 500 futures pull back from six-week highs as traders eye looming Fed meetingThe Dow Jones Industrial Average closed Friday's session up 14.4% in October, in line for its best month since January 1976, and its best October ever.
Read more »
Stocks open lower as S&P 500 pulls back from 6-week high; Dow heads for best October everU.S. stocks opened lower on Monday with the S&P 500 pulling back from Friday’s six-week high as investors wait for the Federal Reserve to deliver another...
Read more »