The S&P 500 will hit 1,400 within the next couple of months, asserts Federated's Phil...

|By:, SA News Editor

The S&P 500 will hit 1,400 within the next couple of months, asserts Federated's Phil Orlando. So don't bother with Treasurys, get out of defensive stocks and move into sectors that are positioned to benefit from the resumption of economic growth we appear to be seeing now. Kanaly Trust's James Shelton agrees; his top picks include: iShares Russell 1000 Growth (IWF), JPMorgan Alerian MLP Index (AMJ) and the SPDR Gold Trust (GLD). (video)