Adam Parker Targets 1,840 on the S&P, Shares Sector Picks
Speaking with Trish Regan and Adam Johnson on Bloomberg Television’s “Street Smart” Morgan Stanley’s Adam Parker said there were reasons for the stock market to continue showing strength.
Improving economic conditions worldwide will contribute to earnings growth and underpin the U. S. stock market, according to Parker. His upside target for the S&P 500 is 1,840.
Parker’s top choices for sectors include healthcare (especially pharma and biotech), technology (software), and industrials (global conglomerates).
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Michael Toris
October 1, 2013 at 1:48 pm
Never trust a man who wear trendy eyewear and owns a sunlamp.