Finance

Here’s what 13 Wall Street pros are predicting for the stock market in 2018

Fundstrat: 3,025

“We are constructive on stocks in 2018, driven by earnings growth of +13% and slight P/E expansion, supported by strong global growth (tempered by rising core inflation),” said Tom Lee, the head of research at Fundstrat, in a January 11 note.

“2017 Barbell of FANG + CRAP* meaningfully outperformed S&P 500 by 530bp, while our neutral-rated sectors (- 1.6%, industrials, discretionary, healthcare) and UW-rated (-9.9%, REITs, Staples, Utilities).”

*FANG = Facebook, Amazon, Netflix and Google

CRAP = Computers, resources, American banks, and phone carriers

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