CALDEIRÃO DE BOLSA

Commodities Current 11Q1 11Q2 11Q3 11Q4
WTI ($/bbl) 87.7 93.0 93.0 88.0 98.0

Foreign Exchange Current Mar-11 Jun-11 Sep-11 Dec-11
EUR/USD 1.32 1.40 1.43 1.45 1.48

YTD Return 2011 Equities Current (local ccy) Forecast
S&P 1243 13.6% 1425

117:2 Porque a sua benignidade é grande para conosco,

118:21 Graças te dou porque me ouviste, e te tornaste a minha salvação.

Pedi e vos será dado! Procurai e achareis! Batei e a porta vos será aberta! Pois todo aquele que pede recebe; quem procura encontra; e a quem bate a porta será aberta.

LTCM Escreveu:

AutoMech Escreveu:Desculpem estar a poluir o tópico com uma pergunta destas mas por vezes dava-me jeito ler os relatórios em papel, não só porque nem sempre tenho o PC à mão, mas também (e sobretudo) para escrevinhar, tomar notas e guardar.

Este formato não é possivel de imprimir ? É que mesmo no slideshare não aparece nenhuma opção de print...

AM qual o relatório(s) que queres?

AutoMech Escreveu:Desculpem estar a poluir o tópico com uma pergunta destas mas por vezes dava-me jeito ler os relatórios em papel, não só porque nem sempre tenho o PC à mão, mas também (e sobretudo) para escrevinhar, tomar notas e guardar.

Este formato não é possivel de imprimir ? É que mesmo no slideshare não aparece nenhuma opção de print...

Collectively, the 10 strategists and investment managers surveyed by Barron's see the S&P 500 finishing next year near 1373, roughly 10% higher than Friday's close at 1244. But this solid if hardly extravagant target belies their increasingly expansive view of the U.S. stock market. A majority sees 2011 as the year when a sustainable economic recovery takes root, winning over skeptics and persuading both companies and consumers to relax their stranglehold on squirreled-away cash. Improving confidence and low interest rates bode well for corporate profits.

(...)

So where should we invest? Belski sees dividend investing as the bridge from bonds back to equities, and suggests looking for companies best poised to raise payouts.

He screened for S&P 1500 companies with strong free cash flow, a history of dividend hikes in each of the past 10 years, a credit rating of A-minus or better from S&P and a dividend yield comparable to 10-year Treasuries. His list of 18 includes Abbott Laboratories (ABT), Automatic Data Processing (ADP), Bemis (BMS), Genuine Parts (GPC), Illinois Tool Works (ITW), Pitney Bowes (PBI) and apparel-maker VF (VFC).

Goldman's Kostin tracked down 25 heavy-lifters that account for two-thirds of the S&P 500's projected margin growth next year. Ten of these are tech companies, and his list includes Apple (AAPL), Google (GOOG), Oracle (ORCL), Qualcomm (QCOM), ExxonMobil (XOM), Merck (MRK) and Pfizer (PFE).

On the other hand, Kostin also screened for stocks whose projected 2011 margins are uncomfortably high relative to their historical margin peaks. These carry the loftiest expectations—engineering firm Cummins' 2011 margins (CMI), for instance, are 130% that of its previous peak. Others on that list include Cliffs Natural Resources (CLF), MedcoHealth Solutions (MHS), VeriSign (VRSN), Hospira (HSP) and Ford (F).

Putnam's Knight thinks that the starkly divergent policies between countries like China and Brazil that are tightening monetary policy and the U.S. will manifest itself most directly in the currency markets. Diversified portfolios ought to have exposure to the strengthening currencies of the emerging markets as well as Australia, Canada and Scandinavia, he says.

Given their bullish bent heading into 2011, many strategists are tilting toward cyclical sectors that historically thrive as the economy improves. "The noise of the spring and summer only pushed out the recovery," says Belski, "moving the cycle back a few steps only to see fundamentals reignite the cycle again in the fall." His advice: Focus on areas likely to grow with the economy, such as technology, industrials and consumer discretionary.