S&P 500 Companies Projected to Report a 3.8% Growth in Earnings -- S&P 500 Index at a 5-Year High
23 Januar 2013 - 2:20PM
Marketwired
A string of positive economic data helped propel the Dow Jones
industrial average and the S&P 500 Index to five-year highs
last week. The Dow's and S&P 500's weekly gain of 1.2 percent
and 1 percent, respectively, were the third consecutive week of
gains. Research Driven Investing examines investing opportunities
in the S&P 500 Index and provides equity research on
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Verizon
Communications Inc. (NYSE: VZ).
Access to the full company reports can be found at:
www.RDInvesting.com/FCX www.RDInvesting.com/VZ
A steadily improving U.S. housing market combined with a 5-year
low in jobless claims has helped boost investor optimism heading
into 2013. Last week, the Labor Department reported initial claims
for unemployment benefits declined 37,000 to a seasonally adjusted
total of 335,000, which was the largest weekly drop in nearly 2
years. Strong earnings from major companies such as Alcoa and
General Electric have also contributed to the market's recent
surge. Collectively, companies in the S&P 500 Index are
projected to report a 3.8% earnings growth in the fourth quarter,
according to S&P's Capital IQ.
"The economy is entering the year maybe not with a running
start, but certainly a head start," Jack Ablin, BMO Private Bank's
chief investment officer, said in a recent telephone interview,
according to Bloomberg. "It helps build a nice story for 2013."
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S&P 500 Index so investors can stay ahead of the crowd and make
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Freeport-McMoRan Copper & Gold holds a dynamic portfolio of
operating, expansion and growth projects in the copper industry and
is the world's largest producer of molybdenum. The company reported
a net income of $743 million for the fourth quarter of 2012, an
increase of 16 percent when compared to the fourth quarter of
2011.
Verizon Communications is a global leader in delivering
broadband and other wireless and wireline communications services
to consumer, business, government and wholesale customers. The
company reported that for full year 2012 revenues totaled $115.8
billion, an increase of 4.5 percent when compared to a year
ago.
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above-mentioned publicly traded companies. Research Driven
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are aware that all investment entails inherent risks. Please view
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