It's That Time Of The Year: Analysts Offer Their 2017 Outlook

The first trading session of 2017 is less than a week away, so naturally, the topic on everyone's mind is what to expect in the coming year. Wall Street analysts and trading experts are more than happy to offer their top picks and outlook.

Jeff Hirsch: Anticipating The Unknown

Jeff Hirsch of the Stock Trader's Almanac, was a guest on CNBC's "Squawk Box" segment Tuesday to offer his take on the coming year.

Hirsch noted it is too soon to predict what can be expected in 2017, as President-elect Donald Trump will assume the presidency on January 20. As such, "no one really have any idea of anything" for quite some time — something quite standard, although it "scares" him in a post-election year.

Jurrien Timmer: Focusing On Presidential Cycle

Jurrien Timmer of Fidelity Investments jumped in to offer his take. He noted that as part of a presidential cycle, the months from November through April tend to be strong for the stock market. After that period, a "serious correction" could then happen.

Jack Ablin: Looking Beyond The U.S. Election

Jack Ablin of BMO Private Bank went on to offer a similar take but suggested the time frame for a stock market correction could start in April and extend through October.

Ablin continued that there is a lot of cash still sitting on the sidelines, especially from international investors. These investors are expected to continue investing in the U.S. bond market and keep the dollar higher, both of which should be "incrementally positive" for stocks.

On the other hand, Ablin suggested that Wall Street analysts are predicting a 13 percent earnings per share growth as a whole in the first quarter of 2017 on just a 9 percent revenue growth. While this is a scenario that is in theory possible in the first quarter, the expectation for similar growth on a quarterly basis thereafter is difficult to imagine.