Salient to Investors: The S&P 500 Index is up 82 percent since Obama took office, closer to its all-time high than any other stock markets, and at 14.9 times reported earnings, the biggest discount to MSCI’s global measure since March 2010, and 9.1 percent below the five-decade mean – the last two times the ratio
READ MORE... →Salient to Investors: Sampath Reddy at Bajaj Allianz said offshore investors will buy more Indian equities after India opened its retail and aviation industries to foreigners. Bloomberg estimates foreign funds bought a net $13.4 billion of Indian shares so far in 2012, second only to China in Asia. Aditya Narain at Citigroup raised its June 2013 target
READ MORE... →Salient to Investors: Jeffrey Saut at Raymond James said the market will either correct its overbought condition by moving sideways or by falling to 1,400-1,422 support. Read the full article at http://www.bloomberg.com/news/2012-09-17/u-s-stock-index-futures-decline-after-s-p-500-rally.html
READ MORE... →Salient to Investors: Bellwethers FedEx and Intel expect lower quarterly profits because of weakness in worldwide demand. Wall Street expects quarterly profits at large American companies to decline for the first time since 2009. Ethan Harris at Bank of America Merrill Lynch said a lot of the profit gain over the past years came from a
READ MORE... →Salient to Investors: Russ Koesterich at BlackRock said the rally was due to policy makers delivering a bit more than expected. Bank of America expects U.S. stocks to hit a record in 2013. Savita Subramanian at Bank of America is bullish longer term on sentiment and fundamentals, predicts S&P 500 at 1600 by year-end 2013 on record profit growth. Tobias
READ MORE... →Salient to Investors: Contrarian fund manager Bill Smead is: Bullish on the U.S. but bearish on companies exposed to China. Looks for strong balance sheets, industries with high barriers to entry, long histories of profits and dividends, p/e ratios below their 10-year average, strong insider ownership, and shareholder friendliness with regard to
READ MORE... →Salient to Investors: Tobias Levkovich at Citigroup predicts the S&P 500 will hit 1,615 in 2013. Brian Belski at Bank of Montreal predicts the S&P 500 to hit 1,575 in 2013. Savita Subramanian at Bank of America expects the S&P 500 to hit 1,600, but straight up, in 2013 on record earnings, reduced concerns about the global economy, and
READ MORE... →Salient to Investors: Jeffrey Gundlach at DoubleLine Capital said: Equities won’t repeat the poor performance of 2000 to 2010, when the S&P 500 fell 14 percent. Equities are superior to fixed-income as an inflation hedge. Stocks’ unpopularity is positive. The S&P 500 isn’t cheap – the Chinese stock market is better value. Mutual-fund investors withdrew $313 billion from U.S.
READ MORE... →Salient to Investors: Allan Yu at Metropolitan Bank & Trust said QE will benefit emerging markets and equities, and likes the U.S., Europe and China taking steps to avert a slowdown. The MSCI gauge is up 15 percent from the year’s low on June 4. Benoit Anne at SocGen said the powerful policy signal sent by the Fed means the
READ MORE... →Salient to Investors: In a Bloomberg poll of 847 investors, analysts and traders: A quarter expect Chinese markets to be among the worst performers over the next year. 46 percent, the highest, say U.S markets offer among the best returns over the next year. 18 percent expect commodities to offer the highest
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