Market bull predicts stocks could surge another 8% by July, but lacks clarity on rest of year

cnbc2021-04-19

With stocks at all-time highs, one of Wall Street's biggest bulls is taking his optimism up a notch. Federated Hermes' Phil Orlando believes theS&P 500could hit his year-end price target of 4,500 by ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Davidgoh18
2021-04-19
Davidgoh18
No one can predict the stock market
- MJ89:
  Yea
DingDang
2021-04-19
DingDang
There’s only 2 ways after that... up or down, nothing else. Please like and comment!
- xoomix:
  Ok commEnt back pls
财帛宫
2021-04-19
财帛宫
Market bulls? The same bozos who eats crayons?
eep
2021-04-19
eep
pls give a like and comment!
- XNOP593:
  Pls response to my comment too
Mesh
2021-04-19
Mesh
Ok
TriRain
2021-04-19
TriRain
Let's go bull Market!
- jizzjie:
  reply to my comment pls
- ApacheFire:
  Yes

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1190187294?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-19 08:42","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1190187294","market":"us","top_or_hot":-1,"title":"Market bull predicts stocks could surge another 8% by July, but lacks clarity on rest of year","media":"cnbc","content":"<div>\n<p>With stocks at all-time highs, one of Wall Street's biggest bulls is taking his optimism up a notch.\nFederated Hermes' Phil Orlando believes theS&P 500could hit his year-end price target of 4,500 by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/18/stocks-could-surge-8percent-by-july-and-then-struggle-federated-hermes.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market bull predicts stocks could surge another 8% by July, but lacks clarity on rest of year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket bull predicts stocks could surge another 8% by July, but lacks clarity on rest of year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-19 08:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/18/stocks-could-surge-8percent-by-july-and-then-struggle-federated-hermes.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With stocks at all-time highs, one of Wall Street's biggest bulls is taking his optimism up a notch.\nFederated Hermes' Phil Orlando believes theS&P 500could hit his year-end price target of 4,500 by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/18/stocks-could-surge-8percent-by-july-and-then-struggle-federated-hermes.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.cnbc.com/2021/04/18/stocks-could-surge-8percent-by-july-and-then-struggle-federated-hermes.html","article_id":"1190187294","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/04/18/stocks-could-surge-8percent-by-july-and-then-struggle-federated-hermes.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1190187294","pubTimestamp":1618792937,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"With stocks at all-time highs, one of Wall Street's biggest bulls is taking his optimism up a notch.","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"translate_title":"市场牛市预测，到7月份股市可能会再涨8%，但今年其余时间的走势并不明朗","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"With stocks at all-time highs, one of Wall Street's biggest bulls is taking his optimism up a notch.\nFederated Hermes' Phil Orlando believes theS&P 500could hit his year-end price target of 4,500 by July, which implies about an 8% gain from current levels.\n\"At the pace the economy is growing and earnings are growing, you know we might get there earlier,\" the firm's chief equity market strategist told CNBC's \"Trading Nation\" on Friday.\nLast week, Orlando's firm upgraded its GDP forecast to 6.4% for the year, citing the positive impact stemming from President Joe Biden's $1.9 trillion coronavirus aid package. Federated came into the year with a 6.1% forecast.\n\"If we're right with our 6.4% estimate, that's going to be the strongest full-year GDP growth since 1984. We posted a 7.2% rate,\" said Orlando.\nThe upgrade comes as earnings season kicks into high gear. So far, Orlando likes what he sees.\n\"First quarter earnings are coming in very strong. Looks like we could be up 30% year over year. The earnings recession is over,\" said Orlando. \"In the second quarter, which will enjoy the full benefit of some of this fiscal stimulus, we could be looking at an earnings growth rate twice that on a year over year basis.\"\nBut his optimism comes with a catch: Orlando is concerned about the year's second half due to a lack of clarity surrounding the future of an infrastructure package and inflation. He believes the risks could weigh on stocks and spark a correction.\n\"The question is when we get to the end of the summer, and we're looking at say a Core PCE [personal consumption expenditures price index] that's up around 2.5%, is that going to plateau and then begin to normalize? You know, is it transitory in Fedspeak? Or, have we started to sow the seeds of a more sustainable increase in inflation? We don't know the answer to that right now,\" said Orlando.\nIf inflation proves to be lasting, he wonders if the Federal Reserve will adjust its easy money policy as 2021 progresses.\n\"These are important questions,\" he said. \"Right now we're just going to have to watch and wait and make our best judgment later in the year.\"\nFor now, Orlando, who oversees more than $619 billion in assets, isn't making any giant moves. He's sticking with a playbook designed to profit from the reopening economy and amonster market year.\nHis top picks includefinancials,energy,consumer discretionary,industrials,small capsand international stocks, with an emphasis onemerging markets.\n\"Those categories have outperformed growth andtechnologysince last Labor Day,\" Orlando said. \"We think that trade has legs, and it will continue through the balance of this year — probably into the early stages of next year, as well.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":379772666,"gmtCreate":1618798729155,"gmtModify":1704715005441,"author":{"id":"3569149523842919","authorId":"3569149523842919","name":"Davidgoh18","avatar":"https://static.tigerbbs.com/71f448e2dc5894b50df2e08bdf98ded4","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"No one can predict the stock market","listText":"No one can predict the stock market","text":"No one can predict the stock market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379772666","repostId":1190187294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4070724,"gmtCreate":1618802050800,"gmtModify":1680784614048,"authorId":3565231922969401,"author":{"id":3565231922969401,"authorId":3565231922969401,"name":"MJ89","avatar":"https://static.tigerbbs.com/51550e2d93895db65c382352cc432f93","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.05","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379772666,"type":1,"supId":0,"prevId":0,"content":"Yea","text":"Yea","html":"Yea"}],"langContent":"EN"},{"id":379740164,"gmtCreate":1618797818258,"gmtModify":1704714984368,"author":{"id":"3553254172092293","authorId":"3553254172092293","name":"DingDang","avatar":"https://static.tigerbbs.com/d2a0c38ce6f3c2661fa15b7d1f52eeaf","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"There’s only 2 ways after that... up or down, nothing else. Please like and comment!","listText":"There’s only 2 ways after that... up or down, nothing else. Please like and comment!","text":"There’s only 2 ways after that... up or down, nothing else. Please like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379740164","repostId":1190187294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4070170,"gmtCreate":1618798023274,"gmtModify":1680784605466,"authorId":3576157272608324,"author":{"id":3576157272608324,"authorId":3576157272608324,"name":"xoomix","avatar":"https://static.tigerbbs.com/81fb577501c623c67fc3decd73850f8a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379740164,"type":1,"supId":0,"prevId":0,"content":"Ok commEnt back pls","text":"Ok commEnt back pls","html":"Ok commEnt back pls"}],"langContent":"EN"},{"id":379767432,"gmtCreate":1618796344726,"gmtModify":1704714956521,"author":{"id":"3569976416564978","authorId":"3569976416564978","name":"财帛宫","avatar":"https://community-static.tradeup.com/news/43e8ce544e5d3422ced36f6636647782","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Market bulls? The same bozos who eats crayons?","listText":"Market bulls? The same bozos who eats crayons?","text":"Market bulls? The same bozos who eats crayons?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379767432","repostId":1190187294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":379780037,"gmtCreate":1618795001629,"gmtModify":1704714931600,"author":{"id":"3577679006270829","authorId":"3577679006270829","name":"eep","avatar":"https://static.tigerbbs.com/f8fedcae7fde463247826d53acfe8614","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"pls give a like and comment!","listText":"pls give a like and comment!","text":"pls give a like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379780037","repostId":1190187294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4070383,"gmtCreate":1618799395063,"gmtModify":1680784608679,"authorId":3577092942653022,"author":{"id":3577092942653022,"authorId":3577092942653022,"name":"XNOP593","avatar":"https://static.tigerbbs.com/732877c9630f22cc8eb6bebac5e10f6d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379780037,"type":1,"supId":0,"prevId":0,"content":"Pls response to my comment too","text":"Pls response to my comment too","html":"Pls response to my comment too"}],"langContent":"EN"},{"id":379737368,"gmtCreate":1618794446854,"gmtModify":1704714916231,"author":{"id":"3576108908706138","authorId":"3576108908706138","name":"Mesh","avatar":"https://static.tigerbbs.com/d4ef12e03b9e11be579123cb9d4208f9","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/379737368","repostId":1190187294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":379793403,"gmtCreate":1618793235602,"gmtModify":1704714895962,"author":{"id":"3575543873160140","authorId":"3575543873160140","name":"TriRain","avatar":"https://static.tigerbbs.com/688dcbe3893cf05ee98a3353629f435f","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Let's go bull Market!&nbsp;","listText":"Let's go bull Market!&nbsp;","text":"Let's go bull Market!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/379793403","repostId":1190187294,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4069474,"gmtCreate":1618793760022,"gmtModify":1680784591696,"authorId":3554872330606703,"author":{"id":3554872330606703,"authorId":3554872330606703,"name":"jizzjie","avatar":"https://static.tigerbbs.com/d1f37878ee6a4cf98b4c972fe8e93024","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379793403,"type":1,"supId":4069457,"prevId":0,"content":"reply to my comment <u>pls</u>","text":"reply to my comment <u>pls</u>","html":"reply to my comment <u>pls</u>"},{"id":4069457,"gmtCreate":1618793693145,"gmtModify":1680784589603,"authorId":3560730969024945,"author":{"id":3560730969024945,"authorId":3560730969024945,"name":"ApacheFire","avatar":"https://community-static.tradeup.com/news/dadb20729b4de235c5471810de88a90d","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.53%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379793403,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":38,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1190187294"}