Newsletter Editors Cautiously Optimistic for 2024 Stock Market Returns Around 8-10% Despite Looming Recession Fears
• Stock newsletter editors see moderate GDP growth in 2024, with some predicting a recession while others see continued expansion.
• Value stocks, especially in energy, financials, and industrials, are favored over expensive tech names that led the recent bull market.
• Interest rates likely to fall, helping rate-sensitive sectors like financials and housing.
• Election year historically positive for stocks; editors targeting 8-10% returns amid valuation concerns.
• Top stock picks include Goodyear, Kohls, BP, Westamerica Bancorp, Albemarle, and Bristol-Myers Squibb.