U.S. stocks are set to climb over 8 percent this year as they continue to recover from the recent selloff, according to Caroline Valetkevitch from Reuters. 

Valetkevitch conducted a poll of market strategists from Wall Street, determining the consensus is U.S. stocks will continue to recover due to corporate and economic growth. According to Valetkevitch, the Reuters' poll of over 50 strategists shows the S&P is slated to end at 2,900 this year, which is 8.5 percent above the 2017 finish. 

"For now, strong corporate profit growth and a robust economic expansion that is being given additional fiscal stimulus will support further gains in stocks," Valetkevitch wrote in her piece. "Forecasts for U.S. earnings this year have jumped since December, when U.S. lawmakers approved sweeping changes to the tax law, including slashing the corporate tax rate to 21 percent from 35 percent. Improving economic growth both here and abroad has also lifted profit expectations."

In her piece, she writes that analysts are calling for 19.2 percent earnings growth in 2018 for S&P 500 companies and that investors are "optimistic legislation to boost infrastructure spending" will follow the recent changes to tax laws.