BMO Capital Markets Forecasts 7% S&P 500 Gain in 2024, Favors Small Caps and Lagging Growth Stocks
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BMO Capital Markets is bullish on US stocks in 2024, forecasting a 7% gain for the S&P 500.
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BMO expects previous laggards like small caps and reasonably valued growth stocks to outperform in 2024.
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Historically, smaller market cap quintiles have delivered the highest returns, so BMO sees small caps rebounding.
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BMO shared its top 15 US small-cap stock picks, a group that has crushed the Russell 2000 index since 2008.
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The 15 stocks span various sectors like industrials, financials, healthcare, and include companies like Axalta Coating Systems, Boston Properties, and Grand Canyon Education.