The bulls keep on roaring.
Sam Stovall, chief investment strategist at CFRA Research, expects the S&P 500 to keep rising this year. His research suggest gains in August and September mean the market typically rallies for the remainder of the year.
His 12-month price target on the S&P 500 is 2,560, a slight increase from the 2,500 level breached on Friday.
Watch More with TheStreet:
- Kiss Rock Legend Gene Simmons Explains How to Make Money
- Stolen Credit Card? This Is What You Need to Do Immediately
- If You Buy Just One Tech Stock, Make It This Apple Supplier, Jim Cramer Says
- Amazon Affects How the Fashion World Does Business -- Designer Antonio Brown