Earlier today we looked at Citi’s survey of 115 institutional clients that showed growing bullishness around the U.S. economy and U.S. equities.
These investors expect S&P500 EPS to grow over 7 per cent year-over-year (weighted average) and expect the index to close at 1,422.
While investors are most bullish on U.S. equities they have a strong preference for IT stocks, followed by financials. They however show “disdain” for utilities and telecom services – two areas that Citi analyst Tobias Levkovich recommends being overweight.
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