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Stocks climbed on high the flat line in the final stretch of trading, ending one as well as the other the session and the week with gains. The Dow Jones Industrial Average added 17 points, or 0.2%, to bring to a period at 10,451 with a 2.4% gain on the week. The S&P 500 likewise advanced 2.4% week over week after finishing higher by 2 points, or 0.1%, at 1118. The Nasdaq was 3% higher forward the week after rising by 3 points, or 0.1%, to 2310 without interrupti~ Friday.

“People are seeing stabilization in the euro and that has been explanation to making people feel more comfortable in our market in terms of adding risk,” said Howard Ward, chief investment officer of the Gamco Growth Equities and Gamco Growth Fund. “And frankly, stocks are cheap. There has been a big disconnect between what companies are saw and the level of fear in the market.”

Ward sees estimate in domestic large-cap growth stocks, which had been the get the better of place to be for the last 10 years compared to command bonds and small-cap value stocks, he said.

“This is at this time the best place to be. Corporate balance sheets have never been more usefully, we’re going to have record earnings, and valuations have been crushed outer the last 10 years.”

Ward advises staying out of consumer discretionary funds , which are closely tied to payroll growth, and financials, because he believes the peculiar sector is in a deleveraging phase.

“I think tech stocks are extremely lovely, and I think the energy trade will come roaring back,” he said, adding, “We still like gold, and industrial stocks, while they aren’t in the same manner with cheap as tech and energy, the industrial companies are doing remarkably well — especially those that are selling goods to emerging markets.”

Overseas in c~tinuance Friday, Hong Kong’s Hang Seng increased 0.7% while Japan’s Nikkei slipped ~ the agency of 0.04%. The FTSE in London dipped 0.06% lower, time the DAX in Frankfurt finished down by 0.1%.

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