The Standard & Poor’s 500 Index is expected to hit a record 1,575 in 2013, Goldman Sachs Group Inc.’s David Kostin anticipates, becoming the fifth Wall Street firm to predict the benchmark gauge will cross its 2007 highest level. The strategist’ estimate involves a 10 percent rally in the S&P 500 from the Oct. 12 close of 1,428.59.
The surge would push the benchmark above its best level ever of 1,565.15 hit on Oct. 9, 2007. Kostin, chief U.S. equity strategist at New York- based Goldman Sachs, reaffirmed his expectations for S&P 500 earnings to reach $107 a share next year.
Google Inc (NASDAQ:GOOG) is reportedly widely anticipated to release a series of Nexus devices, although it has formerly declared only individual products with Asus, HTC and Samsung.
Shares of this company traded down -0.51% during trading yesterday, hitting $743.83. The stock has a 52 week low of $556.52 and a 52 week high of $774.38. The company has a market cap of $242.33 billion and a P/E ratio of 21.97. The P/S ratio is 5.61 and P/B ratio 3.74. The beta value is 1.07. GOOG’s RSI amounts to 53.57.
Yahoo! Inc. (NASDAQ:YHOO) declined on Monday after naming Henrique De Castro as COO. The company has a market value of $18.57 billion. It employs 14,100 people, over the last 12 months has generated revenue of $4.98 billion and has a net income of $1.10 billion. The firm’s operating margin is 12.93 percent and net profit margin 9.58 percent. The latest closing price of its shares moved up 1.30% from the 50-day moving average.
Oracle Corporation (NASDAQ:ORCL) CEO Larry Ellison is in the running to acquire Anschutz Entertainment Group (AEG), in a possible £6bn deal. Its shares rallied 23.03% so far in 2012. The stock most recently had a beta value at 1.47 and the percentage change in the price over the last fifty two weeks remained at -1.82%. The price range in that 1-year period had a best hit of $33.81 on Oct 27, 2011 while lowest level in the same period was $24.91 on Dec 21, 2011.
Lowe’s Companies, Inc. (NYSE:LOW) was up yesterday after Normura Securities maintained its buy rating on shares of LOW. The stock’s price increased in the last trading session with a previous 52-week high of $32.29. The stock was trading on above-average volume. The stock traded at a volume of 14.30 million shares at a price gain of 3.27%. The share price is now up 26.82% for the past three months. Latest closing price was 12.38% above its 50-day moving average and 14.26% above its 200-day moving average.