Salient to Investors: Kyung-Ah Park at Goldman Sachs said: Water utilities, infrastructure and water rights offer stable, long-term investment. Water supply is very inelastic, and 1 in 8 people lack access to safe water. Demand for water is growing twice as fast as the global population, and much of the developed world’s water infrastructure
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: 4,500 private equity firms manage $3 trillion in assets. Preqin said as many as 708 firms face deadlines through 2015 to replenish their funds for future deals to avoid reduced fee income when the investment periods on older funds run out, typically after 5 years. Preqin said many venture capital
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.
READ MORE... →Salient to Investors: James Paulsen at Wells Capital Mgmt said people are finally deciding that this looks more like a sustainable recovery. 75 percent of 341 S&P 500 companies so far reporting have beaten estimates, 67 percent have beaten sales estimates. The S&P 500 P/E is at 15 versus the average of 16.6
READ MORE... →Salient to Investors: Google Chairman Eric Schmidt is to sell as much as 42 percent of his holdings for asset diversification and liquidity. Read the full article at http://www.bloomberg.com/news/2013-02-08/google-s-schmidt-sets-plan-to-sell-as-much-42-of-share-holdings.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Mark Freeman at Westwood Holdings said we’ve moved so far so fast that the market is just looking to take something off the table, and needs a positive catalyst to take it higher. Jeff Sica at SICA Wealth Mgmt said there’s concern that Europe will implode and the contagion effect
READ MORE... →Salient to Investors: Banco de Mexico Governor Agustin Carstens said: A perfect storm may be forming as risk appetite has returned and the search for yield is in full force: concerns of asset-price bubbles fed by credit booms are starting to appear. Japan is actively pursuing a depreciating real exchange
READ MORE... →Salient to Investors: The MSCI World Index rose 5 percent in January, the most since 1994, on individual investor inflows, US profits, interest rates at record lows, and improving growth from Europe to China. The Index rose 6.4 percent at the start of 1994, and GDP increased 7.7 percent that year, and rose
READ MORE... →Salient to Investors: Aryam Vazquez at Wells Fargo said many emerging market countries are commodities producers, exporters and consumers, so are going to feel any pullback in risk assets such as commodities. Paul Joseph Garcia at BPI Asset Mgmt said the Philippine stock rally stands on firm ground as investors will pay a
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