Brian Belski News
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U.S. stocks rose, sending the Standard & Poor’s 500 Index to a record for the eighth time in nine days, amid improving confidence in the world’s largest economy. Industrial metals fell on concern about China’s growth.
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U.S. stocks will extend their gains as the nation’s economy grows and outperforms other regions, according to New York-based Brian Belski, chief investment strategist at BMO Capital Markets.
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Even bulls are taking steps to protect profits after gains in U.S. stocks added $10 trillion to equity values, convinced the first decline in earnings since 2009 will spur losses in the historically weak second quarter.
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Brian Belski is no longer the chief investment strategist at Oppenheimer & Co. after three years at the firm, according to John Parks, director for research.
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Oppenheimer & Co. Chief Investment Strategist Brian Belski cut his 2010 and 2011 estimates for the Standard & Poor’s 500 Index, becoming at least the third strategist in two weeks to reduce his outlook on U.S. stocks.
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Stocks would suffer after an initial jump should the Federal Reserve decide to extend economic stimulus beyond the June expiration of its current quantitative easing program, Oppenheimer & Co.’s Brian Belski said.
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“Now is an opportune time for investors to shift their focus to value” when looking at U.S. stocks, according to Brian Belski, chief investment strategist at BMO Capital Markets.
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U.S. financial stocks are hardly a bargain as they wrap up their best start to a year since the 1990s, according to Brian Belski, Oppenheimer & Co.’s chief investment strategist.
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The Dow Jones Industrial Average climbed to another record high as the number of Americans who filed for unemployment benefits fell to a six-week low, showing further improvement in the labor market.
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U.S. stocks advanced, sending benchmark indexes to five-year highs, as earnings topped estimates and investors awaited President Barack Obama’s State of the Union address.
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