Analyst Brian Belsky expects strong growth in US stocks by the end of 2022

Posted by:Alex Belov Posted on:Oct 5,2022

Renowned strategist and analyst Brian Belsky of BMO Capital Markets on Wall Street has been called the main bull. The analyst listed several reasons why US stocks could rally in Q4 2022. He still believes that the S&P 500 index is waiting for growth by the end of the year. The index may close well above the current level.

An analyst from the investment bank BMO Capital Markets believes that there are several reasons for the growth of US stocks in the 4th quarter of 2022. In August of this year, US stocks showed a strong and prolonged fall than investors and analysts had expected. However, Brian Belsky positively assesses the immediate prospects for the US market, and the S&P 500 index may rise to 4800 points by the end of the year. According to Belsky’s forecasts, the S&P 500 index could add more than 30% from the current values. Thus, Brian Belsky holds the title of the main “bull” on Wall Street.

In his investment note, he also gave some advice for investors to stay calm and not succumb to panic selling by selling assets for pennies. He immediately gave 8 reasons why it is worth buying US stocks right now.

Why is Brian Belsky recommending buying US stocks right now?

  • Companies by P/E multiples are now relatively low in relation to projected earnings.
  • Two-thirds of US stocks are sold at a significant discount.
  • Growth stocks (technology and IT companies), including cyclical stocks, are much cheaper than defensive stocks.
  • Profit forecasts were weak, but the results of the 3rd quarter may exceed the expectations of Wall Street analysts.
  • Profit forecasts look better than at the end of 2021.
  • Profit at many large companies continues to grow gradually.
  • Traditionally, the 4th quarter is considered one of the most successful for stock growth.
  • Losses at once in 3 quarters in a row usually lead to the strongest growth in the 4th quarter.
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Alex Belov

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