S&P 500 Should Hit 2465 in 2017, Says Real Money's Stephen Guilfoyle

Stocks will continue climbing in 2017, but brace yourself for a few sell-offs along the way.
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Next year will be anything but boring for the stock market, which will be able to continue its march higher, according to Real Money contributor Stephen Guilfoyle. He sees both "churning selloffs" and "screaming ralllies" in 2017, and has a target of 2465 for the S&P 500. Guilfoyle believes President-elect Trump's proposal to cut corporate tax rates will serve as a catalyst to push stocks higher. Guilfoyle's favorite sectors include banks, consumer finance, industrials and railroads. He's cautious on energy stocks and the health care sector.