Salient to Investors: The lockstep moves in global stocks that dominated markets for the past 6 years are breaking down at the fastest rate on record, a sign investor confidence is finally returning from the financial crisis. Fidelity Worldwide Investment said diverging prices accompanied past rallies and is poised to
READ MORE... →Salient to Investors: Gina Martin Adams at Wells Fargo Securities says: Investors should go against the herd as the market is overbought and sentiment is at levels seen at peaks and tops, fundamentals are weak with economic data in January missing expectations, and there is consistent deceleration in earnings growth. Improving housing
READ MORE... →Salient to Investors: Wayne Lin at Legg Mason said people are jumping on the bandwagon: earnings are better, economic data is trending good, Washington have got the message that they need to work together. 76 percent of S&P 500 companies have topped analysts’ estimates. The S&P 500 is at 14.9 times reported earnings versus the average
READ MORE... →Salient to Investors: Phil Orlando at Federated Investors said earnings have been better than expected, guidance muted, to be expected. 76 percent of the 147 S&P 500 companies so far reporting have beaten estimates, 67 percent have beaten sales estimates. Read the full article at http://www.bloomberg.com/news/2013-01-25/u-s-stock-index-futures-gain-as-german-confidence-climbs.html Free email alerts of articles as
READ MORE... →Salient to Investors: Joseph Stuber writes: Stocks could reach the all-time high on the S&P of 1576 in 2013 driven by its momentum, but then the market will broadly sell-off to October 2011 lows of 1074. A correction to the 2009 low of 670 is possible on pure fundamentals, given
READ MORE... →Salient to Investors: Lou Basenese at The Wall Street Daily writes: At the very least, an uptick in demand is ahead for housing-related and automotive companies. Richard Fisher at the FRB Dallas says US GDP could grow 3% in 2013 versus the average economist expectation of 2%. Pickup truck sales
READ MORE... →Salient to Investors: 48 of the 67 companies reporting earnings exceeded analysts’ estimates S&P 500 earnings are expected to exceed $1 trillion in 2013, 31 percent more than when the index peaked. The S&P 500 P/E is 9.8 percent below the 6-decade mean. Analysts predict S&P 500 earnings will rise 8 percent
READ MORE... →Salient to Investors: Doug Short at Advisor Perspectives writes: Statistics says that 99.7% of all daily movements should fall within three standard deviations of the mean, but Deutsche Bank research shows that three standard deviation movements are not as rare – some instances, like the 2008 financial collapse, happen over 25% of
READ MORE... →Salient to Investors: Hedge Fund Research said $3.8 billion went into activist funds in 2012 versus $1.8 billion in 2010. Factset Research Systems said shareholder activists started 219 campaigns in 2012 versus, up 22 percent from 2011 and the most since 2008. Patrick Ramsey at Bank of America said we have seen a
READ MORE... →Salient to Investors: Legg Mason is folding Bill Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled and as it tries to reverse five years of client redemptions. Assets at Legg Mason Capital Management have fallen to $7 billion from a peak of $70 billion
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