Salient to Investors: Kevin Divney at Beaconcrest Capital Mgmt said more deals create good sentiment because it means CEOs are looking further out, and that’s been the issue the past 4 years. 71 percent of the 399 S&P 500 companies so far reporting have beaten estimates, 67 percent have beaten sales estimates. Read
READ MORE... →Salient to Investors: The MSCI Emerging Markets Index 30-day volatility dropped to the lowest level since 1997 and is at 10.4 times estimated profit versus 13.8 times for the MSCI World Index. Jitra Amornthum at Finansia Syrus Securities said China’s economic recovery remains weak. Read the full article at http://www.bloomberg.com/news/2013-02-18/emerging-stocks-fall-most-in-week-on-korean-won-metal-prices.html Free email alerts of articles as
READ MORE... →Salient to Investors: Chad Morganlander at Stifel Nicolaus said people listen when Warren Buffett does a deal, and a gradual improvement in the US economy combined with very low volatility in financial markets makes the perfect cocktail for M&A. The S&P 500 is 15 times earnings in the past year, the highest multiple
READ MORE... →Salient to Investors: David Cassidy at UBS said there is risk of a correction, but people are not positioned for this rally and are still scrambling to buy so I am not bearish on equities. The MSCI Asia Pacific Index is up 3.3 percent in 2013, less than the 6.7
READ MORE... →Salient to Investors: Terry Morris at National Penn Investors Trust said Wal-Mart’s sales slowdown indicates the consumer is not as ready to come back as Wall Street was hoping, meaning the market may be a little ahead of itself. John Stoltzfus at Oppenheimer said the market is pausing with perhaps a modest downside
READ MORE... →Salient to Investors: Tim Courtney at Exencial Wealth Advisors said all these deals are good news for the markets because they show that capital is being put to good use for investors. The difference between the price of put options protecting against a 10 percent slide in the S&P 500
READ MORE... →Salient to Investors: Analysts have cut price targets by 21 percent since the stock peaked in September 2012. Apple is trading at 10.6 times reported earnings versus the S&P 500’s multiple of 15, near the widest discount since December 2000. The last time Apple traded at such a discount, it went on to
READ MORE... →Salient to Investors: The MSCI World Index dividend yield of 2.7 percent compares with the Bank of America Merrill Lynch Global Corporate Index bond yield of 2.6 percent and the Barclays Global High-Yield Index yield of 6.1 percent -the gap with the junk-bond index is the narrowest since at least 1995. Jacob de Tusch-Lec at
READ MORE... →Salient to Investors: The S&P 500 is at 15 times reported earnings versus a low of 13 in 2012 and the 6-decade average of 16.4. T. Doug Dale at Security Ballew Wealth Mgmt said we’re extremely overbought, but the market can continue higher. James McDonald at Northern Trust said a pause is understandable given the strong
READ MORE... →Salient to Investors: Michael Holland at Holland & Co. said earnings outperforming estimates is generally supportive for stocks, and the growing global economy bodes well. 75 percent of the 341 S&P 500 companies that have reported Q4 results have beaten estimates. The S&P 500 is at 14.96 times earnings versus the 16.61 average since 1954.
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