Salient to Investors: David Kostin at Goldman Sachs said: The S&P 500 will fall 10 percent in the next 12 months before rebounding to end 2014 at 1,900, end 2015 at 2,100 and end 2016 at 2,200. The overall market should rise because the US economy will be getting better.
READ MORE... →Salient to Investors: Vivek Wadhwa at Singularity University said about Twitter IPO: Company long-term has no future – OK for the next 1 to 2 quarters but 1 to 2 years out it is hard to see where their growth will come from as their marketplace is limited, mainly to the US, while
READ MORE... →Salient to Investors: Paul Dwyer writes: Small business is NOT the engine of US job creation. Census Bureau data show that small businesses destroy almost as many jobs as they create. There is more geographic and economic diversity among high-tech formations than for the private sector as a whole, where
READ MORE... →Salient to Investors: Joseph Carson at AllianceBernstein said: Household finances are in the best shape in decades, and the US is entering a new, stronger growth phase as healthier finances revive borrowing, spur consumer spending, generate business investment and jobs. Household wealth measured by net worth rose to $70.3 trillion in Q1,
READ MORE... →Salient to Investors: Alan Patricof at Greycroft said: Real unemployment is worse than the data because it does not include the large number of part-time workers. Manufacturing usually employs far more than tech companies, but the tech business is so robust with thousands of start-ups. We are in a transformational economy
READ MORE... →Salient to Investors: Banks, brokers and insurance companies make up 16.8 percent of the S&P 500, almost double the level from 2009 and versus tech companies at 17.6 percent. Banks were the largest US industry during the bull market that began in 2002, and financial firms grew to 18.8 percent of the index in
READ MORE... →Salient to Investors: Earnings: 73% of 103 S&P 500 companies so far reporting have beaten estimates 53% have beaten revenue estimates. 80% of S&P 500 financial companies have beaten estimates by an average of 8.7%. Banks and insurers are predicted to report earnings growth of 26% this quarter. Excluding financial
READ MORE... →Salient to Investors: 17 S&P 500 tech companies so far reporting have missed estimates by an average 3.6 percent. Analysts predict the group will report a 6.7 percent decline in profit versus a predicted 2 percent increase for the S&P 500 as a whole. 72 percent of S&P 500 members
READ MORE... →Salient to Investors: CB Insights said social-media companies drew only 2 percent of the venture capital headed to Internet-based enterprises last quarter, versus 6 percent each quarter in the 2-year stretch that ended in mid-2012. Anand Sanwal at CB Insights said big data and cloud companies are grabbing the attention of
READ MORE... →Salient to Investors: Matthew Smith at theinvestar.com writes: We have shifted toward an investor’s market rather than a stock picker’s market. The rise in the 10-year T-yield is not a concern since we are still very near all-time low rates, and 30 to 50-year interest rates do not mirror the recent
READ MORE... →