Stocks in 2013: Get defensive
Burning Money is Financial Crime and Waste in China by epSos.de
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
U.S. stocks are expected to grind higher in 2013, but don't expect another year of double-digit gains. According to more than 30 investment strategists and money managers surveyed by CNNMoney, the S&P 500 should finish 2013 at 1,490, up 4. 5% for the year. While that's not anything to scoff at, it's a far cry from last year's 13% increase. Investors are facing a number of headwinds, not the least of which is the ongoing uncertainty out of Washington. But experts are primarily pinning their modest forecasts to a slowdown in earnings growth. It's that very concern that's made ING Investment Management chief market strategist Doug Cote less of a bull going into 2013. "I'm not predicting Armageddon, but I do think it will be prudent to take a more defensive position in the market this year," said Cote, who has a 1,515 year-end target for the S&P 500.
People:
Doug Cote
Overall Sentiment: -0.16299
Relevance: 0.661947
| Sentiment | Quote |
|---|---|
| 0.164436 | "I'm not predicting Armageddon, but I do think it will be prudent to take a more defensive position in the market this year," said Cote, ... |
| -0.196757 | "Negative earnings growth is a rare event, and it's a predictor of future negative earnings growth," he said. ... |
| -0.16414 | "Negative earnings growth is a rare event, and it's a predictor of future negative earnings growth," he said. "This goes beyond the fiscal cliff. It's a signal of a real slowdown in the global economy." |
| Sentiment Stats: |
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Ben Halliburton
Overall Sentiment: 0.0139916
Relevance: 0.50319
| Sentiment | Quote |
|---|---|
| 0 | "Everyone is already working with bare bones," he said. ... |
| Sentiment Stats: |
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Ryan Detrick
Overall Sentiment: 0.0480948
Relevance: 0.303013
| Sentiment | Quote |
|---|---|
| 0 | "Market pullbacks are to be expected," said Detrick, ... |
| 0 | "Market pullbacks are to be expected," said Detrick, "But the Dow and S |
| 0.067871 | P 500 will take out their 2007 high in late 2013, as naysayers and underperformers finally buy into the bull market that has been in place since early 2009." |
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Key:
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Additional Info:
Company: ING Investment Management
Overall Sentiment: -0.269455
Relevance: 0.351214
Disambiguation: References:
Organization: Schaeffer's Investment Research
Overall Sentiment: 0
Relevance: 0.310797
Country: United States
Overall Sentiment: -0.130533
Relevance: 0.354579
Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:
FinancialMarketIndex: S&P 500
Overall Sentiment: 0.0241031
Relevance: 0.805759
Header Info
Source Site: http://rss.cnn.com/~r/rss/money_latest/~3/jT2vqxGRLLY/index.html
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URL Provided Keywords:
- 2013
- Dow
- earnings
- forecasts
- outlook
- S&P 500
- stocks
- survey
- u.s. stock market
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U.S. stocks are expected to grind higher in 2013, but don't expect another year of double-digit gains.
URL Provided Title:
Stocks in 2013: Get defensive
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