Salient to Investors: Catherine Yeung at Fidelity Investment Mgmt is advising calm, adding that profits are rising and shares just got a lot less expensive as being a contrarian and buying when things seem bad is often a good thing. Goldman Sachs to AMP Capital Investors and JPMorgan Chase are
READ MORE... →Salient to Investors: Gary Dugan at Coutts & Co. said the stronger yen is probably the main driver of the bigger declines in Japanese stocks, and investors are locking in profits as they back away from equities. Coutts said the yen halted its slide and started to strengthen, potentially curbing company profits. Sumitomo Mitsui
READ MORE... →Salient to Investors: Angus Gluskie at White Funds Mgmt said people are alert to some of the risks in China and some emerging economies, but very few people are concluding that it is going to run away too far. 51 percent of the 195 MSCI Asia Pacific Index companies reporting
READ MORE... →Salient to Investors: The S&P 500 is down 4.1 percent in 2014, its worst start to a year since 2009. Of the S&P 500 companies: Almost 160 were below their 200-day moving average last week, more than any time in 2013 86 stocks set 1-yr highs when the index hit
READ MORE... →Salient to Investors: David Kelly at JPMorgan Funds said the Fed looks justified in continuing to taper given economic momentum and recent sharp declines in the unemployment rate. Kelly said assuming the volatility in emerging markets subsides, this economic report should bolster the case for both higher interest rates and
READ MORE... →Salient to Investors: Jeremy Siegel at Wharton said: No bull market rises in a straight line so this is a correction only and typical of a market climbing a wall of worry. Dow headed to 18000 by year-end. Fair market value is $18000 as the S&P 500 has sold for an
READ MORE... →Salient to Investors: Liz Ann Sonders at Charles Schwab said: The secular bull market is intact as valuation and sentiment are supportive – this bull market will be the best is our lifetime. US businesses are sitting on huge cash levels not seen since WWII and we will see
READ MORE... →Salient to Investors: Tom Bowley at Invested Central/EarningsBeats.com writes: Market technicals have slowly deteriorated with the highly influential banking industry reversing hard last week with a long-term negative divergence present on its weekly chart. Longer-term momentum on the buy side is slowing. The latest rally in the S&P 500 actually
READ MORE... →Salient to Investors: New research suggests the advice analysts give in bad times seems to be even worse than the boosterism they peddle in good times. Roger Loh of Singapore Management University and René Stulz of Ohio State found: Analysts’ forecasts of profits and buy/sell recommendations from 1983-2011 were less
READ MORE... →Salient to Investors: Terry Sandven at US Bank Wealth Mgmt expects a period of consolidation in a sideways trending market with earnings front and center. 62 percent of 52 S&P 500 Index companies so far reporting Q4 results have exceeded estimates, and 63 percent have exceeded revenue estimates. Analysts predict
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