Analysts Split on Stock Rise: Upside All Year or Autumn Plunge?
Two analysts had very different views on whether Monday's sharp rise in stocks would continue through the summer and the rest of 2010.
"There's still much more upside in the stock market, through the rest of this year, and possibly 2011," Andy Bischel, chief executive of Capital Management, told CNBC.
However, Paul Schatz, president of Heritage Capital, sees "one more high" this summer and then "serious payback in the fall."
Schatz has had a "longstanding target of 11,500 and 13,000 [in the Dow] between Memorial Day and Labor Day."
Schatz likes the following as "safer plays":
Johnson & Johnson
Bischel dislikes the following utilities:
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Disclosure information was not available for Bischel, Schatz or their companies.
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