Wells Fargo's market guru is recommending momentum stocks as investors face the final 50 days of trading in 2021.
The Wall Street firm expects the S&P 500 to rally 5% during the countdown to 2022 and sees stocks like Alphabet and Expedia leading the way.
Wells Fargo senior equity analyst Christopher Harvey told clients in early October to buy tech stocks, which outperformed the broader market. However, now he says it's time for a tilt toward momentum, and tech could see weakness as the Federal Reserve begins to taper its bond-buying programs.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 D
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