A Shift to Growth and Large-Caps

Joseph Battipaglia of Ryan Beck & Co. sees a change in leadership in the market and expects tech to be the hot sector

Look for a market shifting from smaller-capitalization stocks to the larger caps, and from value stocks to growth. So says Joseph Battipaglia, executive vice-president and chief investment officer of Ryan Beck & Co., best known for his bullish outlook. And in keeping with that approach, he predicts a rise of close to 10% in the Standard & Poor's 500-stock index this year, to a level of around 1,300.

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