We've seen lots of strange moves in the market,said Savita Subramanian,Head of US Equities and Quantitative Strategy at Bank of America/Merrill Lynch Global Research,and I think that quality,such as the S&P 500,is going to continue to be important.I actually think that rates are going to move a little higher.Utilities are probably one of the worst places to be with rising rats.Global growth could be a little bit better because of lower oil prices.I do think the trend of the market will be higher,with a target of 2200 on the S&P.
One thing I'm a little worried about is the REITs,because they're interest rate plays.I wouldn't buy oil there.Our team thinks it could go down to 30,but it's getting close to a bottom.*
GoPro scored a double beat in Q4,with earnings per share of 0.99 versus an estimate of 0.70,while revenue was at 634 million versus the 580 million estimate.The video camera company is taking its first steps into China,so has a lot of growth potential still ahead of it.*
United Technologies' Sikorsky subsidiary and Lockheed Martin have been awarded a 1.24 billion contract for the first 6 of 23 new Marine One helicopters,which are used to transport the President and other dignitaries.*
iShares Core S&P 500 ETF(IVV),GoPro Inc(GPRO),United Technologies(UTX),Lockheed Martin(LMT)
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