Roundtable: Gross, Herro, Cohen And Others On What To Expect In 2015

A number of the world’s top investment strategists recently gathered for Barron’s annual roundtable to offer their thoughts on where the economy and markets are heading. David Herro, Abby Joseph Cohen, Bill Gross, and Marc Faber were among those who participated, and overall the mood was subdued. “On the whole, they expect interest rates to stay unnaturally low, and the U.S. to lead the world in economic growth,” writes Barron’s Lauren R. Rublin. “Yet, they… Read More

Goldman's Cohen Sounding Bullish

Goldman Sachs’ Abby Joseph Cohen says the improving economy makes for a bullish outlook for equities. Cohen tells Bloomberg Surveillance that with the economy growing at about 3% and corporate earnings growing in the high single digits, she thinks the S&P 500’s fair value will be about 2150 a year from now.

Why Goldman Raised Its Outlook For Stocks

Goldman Sachs has upgraded its outlook for stocks, and Senior U.S. Investment Strategist Abby Joseph Cohen says that’s in large part because a good deal of the current concerns are already priced into the market. “We feel that another major recession is unlikely in this investment horizon, and given that assumption and some conservative profit estimates that we’re making, we think that equities in many different markets around the world offer good possible outcomes,” Cohen… Read More

Cohen: Companies To Use Cash in 2013

Goldman Sachs’ Abby Joseph Cohen says 2013 will be the year when companies begin to put their piles of cash to work. Cohen tells Bloomberg that she’d like to see companies use that cash not only to increase dividends, but also to hire more workers and grow their businesses. She says many stocks continue to trade below book value, part of what is driving merger and acquisition activity. Cohen also talks about the importance of… Read More

Cohen: Think Long-Term

Goldman Sachs’ Abby Joseph Cohen says many investors have become too short-sighted, and says that “long-term, there are some very good values out there.” Cohen tells Bloomberg that a lot of the uncertainty out there is already priced into the market, and she thinks stocks are priced to return 8% to 10% per year for the longer term. She thinks the U.S. is still in a slow recovery and doesn’t see an economic “Armageddon” coming,… Read More

Cohen Sees U.S. Avoiding Recession

Goldman Sachs Chief Equity Strategist Abby Joseph Cohen says she thinks the U.S. won’t fall into another recession, and sees stocks as “very attractively valued”.  “All you need to believe is that we will avoid another recession over the next couple of years,” she told CNBC. “And that is indeed our forecast, even though we see growth has slowed somewhat.” She added that interest rate levels make it “hard for us to see how bonds can… Read More

Cohen: U.S. Has Advantages Over Other Developed Economies

Goldman Sachs partner Abby Joseph Cohen says she expects U.S. stocks’ bull run to continue, and says she thinks the next recession won’t happen anytime soon. Cohen tells Bloomberg that she thinks the “next recession is some significant distance off into the future”, and that growth doesn’t need to be spectacular for U.S. equities to continue to rise — though the gains likely won’t be as dramatic as they were in the first quarter. Cohen… Read More

Roundtable: Gabelli, Gross, Faber, and Others Weigh In

Barron’s recently published the first part of its annual roundtable, with ten strategists — including Bill Gross, Mario Gabelli, Abby Joseph Cohen, and Marc Faber — offering their takes on what to expect in 2011. Overall, the strategists offered a bifurcated view, with most seeing good times for the economy and stock market in the short term, but big problems lingering on the horizon. Gabelli, for one, says he sees strong earnings ahead for the… Read More

Cohen Says Developed Markets More Attractive than Emerging Markets

Goldman Sachs’ Abby Joseph Cohen says that, while she likes the growth prospects of emerging markets, she’s seeing more value in investments in developed markets like the U.S., Europe, and Japan. In an interview on Consuelo Mack’s WealthTrack, Cohen says she thinks money has been pouring into emerging markets in a “herd-like” fashion, and that equities in many emerging markets have strong growth already priced into their shares. U.S. large-cap equities, on the other hand,… Read More

Roundtable Guests See Challenges, Opportunities

Barron’s recently held its mid-year Roundtable report, asking several top strategists where they think the market and economy are headed. Ten investors participated; here are a few highlights: Archie MacAllaster: The chairman of MacAllaster Pitfield MacKay says bargains abound. “If earnings come in close to consensus estimates, the market not only is cheap but maybe as cheap as it ever gets,” he says. “It’s not a bad time to put your toe in the water… Read More