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iCapital’s Anastasia Amoroso sees S&P 500 ending at 5,500 this year
iCapital chief investment strategist Anastasia Amoroso believes that there’s a good chance the S&P 500 could rise to 5,500 by year’s end.
The broader market index closed at 5,071.63 on Wednesday afternoon. This target would mark an 8% increase for the benchmark.
“I think investors are getting another entry point here that’s quite attractive,” she said on CNBC’s “Closing Bell” on Wednesday afternoon. Amoroso specifically highlighted semiconductor stocks for their potential to outperform going forward.
As catalysts for an encouraging equities backdrop, the strategist cited strong corporate earnings and consumer spending, alongside a pickup in global manufacturing momentum.
— Lisa Kailai Han
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These are the stocks moving the most in extended trading hours:
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Stock futures open lower
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