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Monday, January 3, 2011

Barron's sees US stock market rise; picks 10 top big-caps (Edge)

Wall Street strategists are bullish about the market's prospects in 2011, expecting stocks to rise an average of 10 percent, with big-cap shares like Exxon Mobil Corp, Wal-Mart Stores Inc and Pfizer Inc leading the way, Barron's reported on Sunday, Jan 2.

The business weekly noted the U.S. stock market just logged its second straight year of gains following the crushing losses stocks suffered in 2008.

"If the stars aren't aligned for another winning year, the fundamentals, from an improving global economy to low interest rates, strong corporate balance sheets and inexpensive equity valuations, surely are," Barron's said in its cover story.

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