From the article:
"The S&P 500's (SPY) tremendous gains in 2013 have left many investors uneasy about sustained future growth. Goldman Sachs (GS) recently released their market forecast for 2014. The firm's Chief US equity strategist, David Kostin stated the S&P 500 would continue its record-setting rally into 2014, reaching 1900 by the end of next year. As bullish as this seems, this is only a 6% gain from where the market is now versus the index's 26.38% return YTD. Kostin expects the market to reach 2,100 in two years, a gain of 17% and 23% to 2,200 by the end of 2016. The Organization for Economic Cooperation and Development (OECD), in its most recent economic outlook, forecasted global growth at 3.6% in 2014. The basis of their position is that emerging markets are beginning to waver and expansion worldwide is susceptible to an assortment of risks"
Digitimes' Taiwanese component supplier sources report iPhone 5C chip orders are expected to rise again in calendar Q1, following Q4 declines.
Alcatel-Lucent and the Las Vegas Metro Police Department, along with the Nevada Department of Transportation and other first responders, on Nov. 25 conducted a six-month trial of a 4G LTE public safety network in a designated section of the city of Las Vegas in the United States.
The trial used spectrum allocated to the First Responders Network Authority (FirstNet), an independent authority set up by the United States government to facilitate the building of a nationwide interoperable public safety broadband network.
In other news, RBC's Jonathan Golub checks the data and finds big years for the S&P 500 are likely to be followed by ... big years. Since 1947, he says, the S&P 500's top-10 performing years have averaged a 31% gain, and have been followed by average returns of 14% in the 12 months after.
Another bear gives up
"I am out of justification to fight the uptrend," says Tom McClellan, becoming the latest bear to throw in the towel. “Up until now, I have had what I thought was compelling evidence to believe in the bearish case, but it has now been revealed to have been insufficient for the task.”
Gene Munster is once more reporting of improving iPhone 5S supplies:
Shipping times have improved to 3-5 days from 2-3 weeks, and checks at 60 U.S.
Apple (AAPL), Google (GOOG), and AIG are the most popular (long) holdings of hedge funds, according to Goldman's latest hedge fund monitor, which analyzed the positions of 783 hedge funds with $1.7T of gross assets. Hedge fund holdings of AIG, however, account for 14 of the company's float compared to negligible amounts for Apple and Google.
Jeremy Siegel sees 2,000 as fair-market value for S&P 500
Wharton professor Jeremy Siegel spoke on a live webcast Friday about stock valuation, saying that when interest rates are lower than 8%, U.S. equities, as measured by the S&P 500, have averaged a price-to-earnings ratio of 19.
That P/E ratio implies a fair-market value for the S&P 500 of over 2,000 based on this year’s combined earnings. That’s 10% to 13% higher than the index’s current levels.
Siegel argues that view works even if long-term interest rates, as measured by the 10-year bond, rise, since they are abnormally low thanks to the Fed.
Alcatel-Lucent ate last week brought analysts and journalists from around the world to Basking Ridge, NJ, for the company’s annual Technology Symposium. The point of the exercise was to convince this motley crew that the company now was headed in the right direction with its new strategy, called The Shift Plan (see “Alcatel-Lucent shifts and optical transport, FTTx shift with it”), and that it has the technical know-how to reach the light it says it can see at the end of the tunnel. ALU made a +500% m0ve in the last 11 months( from $1 to $4 per share) in a godd agreement with:
" ALU stock forecast based on algorithms: chart of last 11 months predictions"
In a good agreement with this forecast:
Paulson reportedly not buying more gold
No longer having confidence inflation will accelerate anytime soon, John Paulson tells clients he won't be investing any more of his money into his gold fund, reports Bloomberg.
His firm will maintain the fund's exposure to gold stocks and let any options relating the metal expire, according one who attended the firm's annual meeting.
White-collar professionals no longer need the BlackBerry like they used to. Employees can bring their own phones to work while having their work email and business apps installed, thus saving IT managers' money. Of course there will be people who prefer the QWERTY keyboard or are die-hard fans, however they are a dying breed. BlackBerry is becoming dilapidated as rivals outmaneuver them and their employees do not have the best job security.
CEO John Chen has said they will cut costs and refocus on corporate customers but the plan does not seem concrete enough to be sufficient and their latest financial disclosures reveal that those essential business consumers have been slow to upgrade to the latest BlackBerry 10 system.
The simplest way to invest may be the best
What if all you really need is a total stock market index fund and a small-cap index fund
Sentiment: Strong Buy
First of all, don't put all your eggs in the same basket.
Buy the rips and sell the peaks.
Very simple, not?
But how can one predict the right market direction?
Stock Market Forecast is 'Gut Feeling' Challenge
Janet Yellen on Thursday robustly defended the Federal Reserve's bold steps to spur economic growth, calling efforts to boost hiring an "imperative" at a hearing into her nomination to become the first woman to lead the U.S.