CNBC Stock Blog
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Wave of Debt Payments Facing US Government
- HP Comes in As Expected; Is It Time to Buy?
- JAL Slides to Record Low on Bankruptcy Jitters
- Paul: Audit the Fed
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Profit Rises, Matches Guidance
- The Social Media Gaming Threat
- Holiday Travel Outlook
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Obama says Boosting US Jobs is Top Priority
- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
RSS FEED
Text Size 
CNBC News Associate
Two bullish strategists Frederic Dickson, chief market strategist at D.A. Davidson & Co. and Ted Parrish, co-portfolio manager at Henssler Equity Fund said they expect markets to go higher by year-end.
“The news is getting much better, the earnings revisions have been superior over the past couple of weeks and I think there’s a lot of good things going on in the credit market,” Parrish told CNBC. “We expect the S&P to finish at 1,130 by the end of the year.”
Parrish said he expects the S&P to continue to challenge the all-time highs in the next couple of years and encouraged investors to put money to work before the end of the year.
“You still need to be cautious about what you’re buying in a few sectors,” said Parrish. “Financials—there’s a bit of trouble there, but some of these early cyclical stocks are going to do well and industrials are going to continue to do well.”
In the meantime, Dickson said investors are starting to look for market opportunities while being mindful of potential risks such as credit, deficit or the dollar.
“We’re starting to see money move out of the more highly valued stocks into stocks that can benefit from a lower dollar, better international growth as a result of that,” he said.
______________________________
Disclosure:
No immediate information was available for Dickson or Parrish.
______________________________
CNBC Slideshows:
______________________________
Top Industrial Companies:
Caterpillar [CAT
Loading...
()
]
Honeywell [HON
Loading...
()
]
Deere [DE
Loading...
()
]
United Technologies [UTX
Loading...
()
]
General Electric [GE
Loading...
()
]
(GE is the parent company of CNBC and CNBC.com)
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes