S&P to gain 12% next year: Ford Motor (NYSE:F) prepares to expand 6 factories in U.S.

Posted by on Dec 27, 2012

The S&P 500 Index (INDEXSP:.INX) seems moving toward a 12 percent rally in 2013, according to Oppenheimer Chief Investment Strategist John Stoltzfus. He said Wednesday on CNBC that they believe that 1,585 on the S&P, which is about 11, 12 percent higher compared with where it is now, and $108 vs. $102 coming in this year, makes sense to them. He added on “Fast Money” that the positive catalysts would come from China, Europe and the United States.

On Wednesday, the broad-based S&P 500 Index lost 6.83 points or -0.48%, to end the day at 1,419.83. Retailers were the leading decliners within the S&P 500 yesterday. Actually, 10 of the 11 worst decliners within the S&P 500 were retailers in one form or another, including Coach (NYSE:COH), fell 5.9%, Amazon.com (NASDAQ:AMZN), lost 3.9%, and high-end jewelry chain Tiffany (NYSE:TIF), faced a fall of 2.8%.

Other than retailers, Ford Motor Company(NYSE:F) recently unveiled a plan to spend $773 million to expand six factories across its home state of Michigan, creating 2,350 fresh employment opportunities in part of a plan to hire 12,000 workers by 2015.

The share price of Ford Motor gained3.15% during trading yesterday, ending at $12.79. At that price, the company has a market cap of $48.76 billion and a P/E ratio of 2.89. The stock has a 52 week worst hit of $8.82 and a 52 week high of $13.05. The P/S ratio is 0.36 and P/B ratio 2.60. Dividend yield stands at1.56 percent. The beta value is 2.27. Ford Motor’s RSI amounts to 80.38.

The market value of News Corp(NASDAQ:NWSA)is $58.40 billion. Ithas 48,000 people in workforce, over the last 12 months has generated revenue of $33.88billion and has earnings of $2.67billion. The firm’s operating margin is 10.93 percent and net profit margin 8.61 percent.The latest closing price of its shares moved up1.93% from the 50-day moving average.

American International Group, Inc. (NYSE:AIG) has estimated CAT loss of $1.3 billion from the Hurricane Sandy, which hit the north-east coast of the US lately.

For AIG, a return on equity of 28.82 percent has been realized due to the financial position. Last twelve months per-share profit reached a value of $14.41. Earnings are projected to move up17.28 percent for the coming five years. The stock closed at $35.35, up0.15 points or 0.43% from previous close and at a distance of +3.72% from 20-day simple moving average.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) was up after announcing a cash dividend of $0.3125 per share payable on February 1, 2013 to holders of record as of January 15, 2013 for its common stock.

In the last trading session, Freeport-McMoRan’s price moved-5.84% below its 200 day moving average, changing hands as low as $33.61 per share. The stockis currently trading -9.45% down its SMA 50. Theworst hit in its 52 week range is $30.54 per share, with $48.96being the 52 week best price, which compares with a latest closing price of $33.92.The Beta of this stock is 1.95.

 

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