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Stock impact report

Why a top strategist is sticking with his call for stocks to surge 22% even as the trade war roils markets [Yahoo! Finance]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: Yahoo! Finance
"When people are vomiting up stocks, you gotta be in there cleaning it up," Johnson said. In the aftermath of President Donald Trump's "Liberation Day," one strategist on Wall Street was unmoved. The stock market had just experienced its worst two-day sell-off since March 2020, when the global economy was on the verge of shutting down due to the COVID-19 pandemic. With the S&P 500 down more than 10% in two trading sessions, predictions of worst-case scenarios washed over Wall Street. Strategists across various Wall Street banks warned of an imminent recession and lower stock market returns due to Trump's sky-high tariffs. But Craig Johnson, chief market technician at Piper Sandler, saw this as an opportune time to reiterate his view that the S&P 500 would finish the year at a fresh record high of 6,600. That represents a potential upside of 22% from levels on Friday afternoon. "Don't stop believin" was the title of Johnson's note to clients, reiterating his bullishness on Show less Read more
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