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Saturday, December 17, 2011

S&P 500 futures forecast 2012

S&P 500 futures forecast 2012 : Following the October rally in U.S. equities, many market analysts predicted the S&P 500, a benchmark index of American stocks, would reach between 1,350 and 1,400 points by the end of the year: Of the current chief strategists crunching the numbers at the six major American banks, only one, David Kostin of Goldman Sachs , predicted a number below 1,300. With less than 10 trading days left to go in the year, in a period that is traditionally marked for little market activity, the S&P 500 closed Friday at 1,219.66, meaning all the experts are likely to have overhyped expectations.
However, 1,400 sounds just about right to many analysts, who have simply moved their prediction from one that is bound to happen by the end of 2011 to one that will occur early in 2012. Such was the case, for example, with Ian Scott, a strategist for Nomura Securities , and Sam Stovall, chief investment strategist at Standard and Poor's.

Citi's Tobias Levkovich Is Sticking To His S&P 500 Forecast For 2012
Most Wall Street's top equity strategist waited until this month to offer their 2012 outlooks for the S&P 500. Citi's Chief U.S. Equity Strategist Tobias Levkovich established his 2012 year-end target back in September. And he's sticking to it. Levkovich continues to see the S&P 500 closing 2012 at 1,375. This is on a 2012 EPS forecast of $101. Read More

Bank of America Forecasts S&P 500 at 1,350 in 2012
Bank of America Corp.’s Savita Subramanian estimates the Standard & Poor’s 500 Index will rise to 1,350 in 2012, as the U.S. economy avoids a recession and earnings growth continues to push the gauge higher.

Combined profit by companies in the benchmark equity measure will be $98.25 a share this year and $104.50 next year, according to Subramanian, the head of equity and quantitative strategy, in her first equity forecasts since taking over the role from David Bianco in September. The year-end projection is 6.8 percent higher than the S&P 500’s close on Nov. 11. Read More

S&P 500 Will Reach 1400 in 2012
At these levels, equities have nowhere to go but up in 2012, says Alec Young, S&P global equity strategist. "We're looking for 1400 on the S&P 500. It would be higher were it not for continued tail risk from Europe, but we're fairly upbeat on next year," says Young. Young's views run contrary to that of Bank of America, which predicted in a report released Thursday that the market will go into deceleration by the end of 2012, due to fiscal tightening and "considerable uncertainty around policy after the election." Read More

S&P 500 Index Forecast for 2012
The few cheerful days of December seem to have erased the pain of November. December has historically been a positive month, and maybe this year 2011 sticks to the trend. However, there are no guarantees for 2012. If the S&P 500 index goes down from here, due to various negative news in the new year 2012 from within the USA and from the global economy, then the major supports are at the following levels: 1110 and 1000. Investors can buy at these levels, and sell with 10-15% gain on recovery rallies.

Below 1000 level, the only trade will be on the short side. Investors also should wait for S&P to come above 1000 before making major investments. Below 1000, there is 50% probability of retesting 666 – the low made on March 06, 2011. Read More

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