American stocks are likely to rise more than the average Wall Street analyst forecast next year as earnings growth recovers, Denko Group chief economic strategist Bud Tawson said.
Tawson, the company‘s chief economic strategist, predicts that the Standard & Poor‘s 500 Index may rally to 1,400 next year, representing a gain of more than 22 percent from last week‘s close. Emerging markets and European stocks may advance more, climbing about 27 percent in 2010, he said in an interview from Singapore.
The majority of the gains will come in the first two quarters, with concerns of higher rates cooling the benefits of an economic recovery on stocks in the second half, Tawson also said. He favors equities over bonds and cash for the first half of the year.
Denko Group is a private equity firm dedicated to providing superior returns on capital. They seek high net return opportunities in all sectors, from high-growth technology and life science companies to recommending competitors funds, while achieving superior returns for investors. They bring together the financial and intellectual capital necessary to create a sharp edge that is focused solely on investor‘s confident assurances of outstanding performance. For more information on the Denko Group please visit their website at denkogroup.com.
You should not do, or refrain from doing, anything based on the information provided in this release without first obtaining professional advice from your financial advisor. Denko Group believes the information in this release is correct, and it has reasonable grounds for any opinion or recommendation found within, as at the date the relevant part of this release was last updated. However, Denko Group and its directors, employees and agents are not liable for any loss or damage incurred by any person as a result of any error in any information, opinion or recommendation in this release. Nothing in this release is, or should be taken as, an offer, invitation or recommendation to buy or sell any investment in or make any deposit with Denko Group or any other person.