CFRA Chief Investment Strategist Sam Stovall discusses economic recovery amid the coronavirus and the sectors that are moving higher as investors actively await a turnaround.
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Strategists led by U.S. equity chief David Kostin no longer believe the S&P 500 will fall more than 20 percent from Friday’s closing level of 3,044 to 2,400. Instead, they see the potential low capped at 2,750 and predict the index could rally as high as 3,200.
Ticker Security Last Change Change % SP500 S&P 500 3080.82 +25.09 +0.82%
“The magnitude and persistence of the index recovery has certainly surprised