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‘Wait for the Year-End Rally,’ Says Morgan Stanley; Here Are 2 Stocks to Play That Bullish Outlook [Yahoo! Finance News]

Alphatec Holdings, Inc. (ATEC) 
Last alphatec holdings, inc. earnings: 10/30 04:05 pm Check Earnings Report
After three months of highly volatile trading, which have seen the S&P 500 drop down toward 3,600, rally up to 4,300, and fall back down to 3,900, investors can be forgiven for feeling some whiplash. The question that needs answering, however, is where will the markets go from here?Morgan Stanley strategist Andrew Slimmon believes that investors shouldn’t worry too much about the bear case. Worse-than-expected inflation numbers for August may have pushed the markets into a tumble this week, but in Slimmon’s view, the S&P should show a recovery by year’s end, and finish up close to where it started, near 4,700. That would represent an increase of 17% from current levels."Positioning is uniformly bearish. And I suspect that will flip at some point in Q4 pushing the [S&P 500] higher into year-end, not lower," Slimmon noted.Slimmon bases his conviction on evidence that inflation is starting to slip back down, after peaking in July. “It's not coming down very fast, but it is coming down,” Show less Read more
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