Here's exactly where 6 top investment firms recommend putting your money right now as US stocks start to break out
Investors must decide whether to stick with winning market sectors or bet on laggards.After nine months without much movement, US stocks have been reborn.
The S&P 500 is starting to break out of the relatively tight range of 3,600 to 4,200 that it traded between from late August through late May. That recent momentum has led several investment firms like Bank of America and BMO Capital Markets toBesides updating their outlook for stocks broadly, those two firms and four of their peers — Goldman Sachs, Morgan Stanley, Oppenheimer, and Truist — have recently refreshed or reiterated their stock market sector recommendations.
Ten of the 11 market sectors earned a bullish overweight rating from at least one investment firm. Real estate was the only group that wasn't favored, while both communication services and healthcare received an overweight rating from half of the six firms surveyed. Below is a brief look at each firm's updated sector-by-sector views of the market and where to invest right now.
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