Predictions from market experts for 2013
12/28/2012 9:38:03 PM
(AP) Predictions from market experts for 2013
By The Associated Press
What lies ahead for the stock market? The AP asked leading market analysts and investment managers where they see the Standard & Poor's 500 index winding up by the end of 2013 and why. The S&P 500 closed at 1,402 Friday.
Year-end target for the S&P 500: 1,575
Reasoning: The "turbulent political environment" that held back investment 2012 will end. Company revenues will edge higher and earnings will rise.
Year-end target for the S&P 500: 1,525
Reasoning: Capital spending will stabilize and the U.S. will benefit from improved manufacturing competitiveness and an energy boom.
BMO Private Bank
Year-end target for the S&P 500: 1,500
Reasoning: The fiscal drag from higher taxes and lower government spending will offset an accommodating Federal Reserve.
WELLS FARGO SECURITIES:
Year-end target for the S&P 500: 1,390
Reasoning: The U.S. economy flirts with recession, exports decline and investment falls.