Fundstrat, BMO Get Behind U.S. Stocks’ Bull-Market Stars

Wall Street strategists are giving renewed support to the leaders of a more than seven-year bull market in U.S. stocks. Fundstrat Global Advisors LLC’s Thomas J. Lee raised his rating Friday on consumer-discretionary shares – a category spanning media companies, retailers, automakers and homebuilders – and wrote in a report that he expects them to beat the S&P 500 Index through year-end. BMO Capital Markets’ Brian G. Belski put out a report Friday with the headline: “Time to Add to Discretionary.” The S&P 500 Consumer Discretionary Index has the biggest gain among the S&P 500’s 10 main industry groups since March 2009, though it’s trailing the broader gauge this year.