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Coolkidz
2022-10-18

Honestly, nobody can claim he/she knows the bottom. there had been instances when market dropped sharply when when there are positive market news before, as market anticipates that this will provide support fir more rate hikes ahead to cool the inflationary environment. Good news had become good news indeed. So now with some "better than expected" earnings report and the bottom suddenly has been found?

Oppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End

John Stoltzfus, Chief Investment Strategist at Oppenheimer, cut the year-end target for the S&P 500 following to 4000, although he remains bullish on stocks.The new price target is based on the S&P 50

Oppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End

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Azerone.Kee
·2022-10-18
true
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Zash
·2022-10-18
True
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Shahfarid
·2022-10-18
Agree
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maggots
·2022-10-18
ok
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MacXzero
·2022-10-18
ok
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lhdw2021
·2022-10-18
up
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HanDynasty
·2022-10-18
👍
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- quantarize:
  ya
  2022-10-18
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juvefreak
·2022-10-18
Ok
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logostauros
·2022-10-18
yes non no
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So now with some \"better than expected\" earnings report and the bottom suddenly has been found?","highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":10,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9989463987","repostId":2276133333,"repostType":2,"repost":{"id":"2276133333","pubTimestamp":1666050512,"share":"https://www.laohu8.com/m/news/2276133333?lang=&edition=full","pubTime":"2022-10-18 07:48","market":"us","language":"en","title":"Oppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End","url":"https://stock-news.laohu8.com/highlight/detail?id=2276133333","media":"StreetInsider","summary":"John Stoltzfus, Chief Investment Strategist at Oppenheimer, cut the year-end target for the S&P 500 following to 4000, although he remains bullish on stocks.The new price target is based on the S&P 50","content":"<html><head></head><body><p>John Stoltzfus, Chief Investment Strategist at Oppenheimer, cut the year-end target for the S&amp;P 500 following to 4000, although he remains bullish on stocks.</p><p>The new price target is based on the S&amp;P 500 earnings estimates of $230, implying a P/E multiple of 17.4x,</p><p>“We believe US economic fundamentals remain remarkably resilient though challenged in a highly transitional environment by persistent high levels of inflation, increasingly restrictive monetary policy to address the inflation, and supply chain problems that remain as well,” Stoltzfus said in a client note.</p><p>Stoltzfus remains positive on equities as some “solid companies” are “grossly oversold.” Given these conditions, Stoltzfus says stocks could stage a “modest” rally before the year’s end.</p><p>“We look to the potential for a rally in a number of places including: positive surprises in Q3 earnings season, any reduction in inflation; positive outcomes (perceived or otherwise) from the midterm election in November as well as any progress that develops in addressing Europe&#39;s fiscal and energy challenges. In addition some weakening in the dollar could provide a lift to the US market,” the strategist added.</p><p>In a separate note, Oppenheimer’s Ari H. Wald argues that the “textbook criteria” has emerged for a market bottom.</p><p>“Our feel is that the breadth of stocks has likely bottomed, particularly those with less rate sensitivity,” Wald wrote.</p></body></html>","source":"highlight_streetinsider","collect":0,"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>Oppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End</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; 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positive outcomes (perceived or otherwise) from the midterm election in November as well as any progress that develops in addressing Europe's fiscal and energy challenges. In addition some weakening in the dollar could provide a lift to the US market,” the strategist added.In a separate note, Oppenheimer’s Ari H. 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