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2022-10-18

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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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WilKoh
·2022-10-18
That's why
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gunsonfire
·2022-10-18
Dk
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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. 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}\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\">\nOppenheimer Says Most Stocks Have Likely Bottomed, Market Could Rally Before Year End\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-18 07:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20707578><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20707578\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20707578","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2276133333","content_text":"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 500 earnings estimates of $230, implying a P/E multiple of 17.4x,“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.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.“We look to the potential for a rally in a number of places including: positive surprises in Q3 earnings season, any reduction in inflation; 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