A Look at 10 Top Money Manager's 2013 Market Predictions

The stock market has been rallying to start 2013, and Benzinga thought it would be a good time to take a look at how some of the world's top market minds are positioned for the year. The money managers covered here not only have plenty of skin in the game, but they also have strong opinions.
David Tepper
The founder of Appaloosa Management and one of the world's richest hedge fund managers, David Tepper currently manages about $14 billion. Tepper is extraordinarily bullish on U.S. stocks. He told Bloomberg anchor Stephanie Ruhle in an interview back in January that the “main thing right now is to be long equities.” Last time Tepper made such a prediction, late in 2010, the resulting rally came to be known as the “Tepper Rally” as stocks traded sharply higher just as he had foretold.
Byron Wien
As bullish as Tepper is on stocks, Wien is equally as bearish. Blackstone Advisory Partners' vice chairman believes that the S&P 500 will fall 200 points in the first half of 2013. Also among Wien's “10 surprises for 2013,” is a rally in commodity prices and a reversal in financial stocks. Blackstone has $210 billion under management as of December 31.
Ray Dalio
At the World Economic Forum in Davos, Switzerland, Dalio struck a bullish note. He said that excess liquidity will find its way into risk assets in 2013 and beyond. Dalio is the founder of Bridgewater Associates, the world's largest hedge fund with around $130 billion under management. "I think the shift of the cash, that massive amount of cash will be what will be a game changer...into stocks, into everything. It will mean more purchases of goods and services and financial assets. It will be into equities, it will be into real estate, it will be into gold, it will be into a lot of...just basically everything."
Jeff Gundlach
Gundlach is primarily a bond investor. His DoubleLine Capital reached $50 billion in assets under management in November of last year. Despite Gundlach's bond focus, he isn't shy about voicing his opinion of stocks: He was famously bearish on Apple shares since about April of last year, and still believes that shares could ultimately break below $400. As for the stock market in 2013, Gundlach is bearish on U.S. stocks, but not all stock markets in general. He recommended that investors sell U.S. shares and buy Chinese stocks at the beginning of the year.
Jim Rogers
Jim Rogers doesn't invest others' money anymore, but his views are still widely respected. He founded the Quantum Fund with another famous investor -- George Soros. At the Quantum Fund, the pair had a ten-year stretch where the value of their portfolio gained 4,200% compared to an advance of around 47% for the S&P 500. Rogers has been consistently critical of Federal Reserve policy and has said previously that he was shorting some U.S. stocks while being long commodities. He reiterated his long commodity position during the last week, saying he “owns them all.” He also warned once again that the Fed's easing policies, and similar monetary policy around the world, would eventually end in disaster.
Bob Doll
Robert Doll is Nuveen Asset Management's chief equity strategist. His firm manages $117 billion. He recently told Bloomberg that the Fed's interest rate policy will allow the stock market to extend its gains. He likes U.S. and emerging market stocks but said that he was concerned about European and Japanese equities. “The fundamentals, meaning corporate earnings, macroeconomics, delay of problems in Washington, zero-percent return on cash, and monetary accommodation virtually everywhere in the world,” Doll said in a Bloomberg Television interview. “They're the ingredients to me for stocks to go higher.”
Mario Gabelli
Speaking at the Barron's annual roundtable, noted value investor Mario Gabelli said that he is positive on U.S. stocks, but he doesn't think the market will close up more than 5% in 2013. Gabelli is one of the wealthiest investors in America and runs GAMCO Investors, a $30 billion global investment firm. While Gabelli expressed mild optimism about the broader market for 2013, he was enthusiastic about the atmosphere for event driven investing in individual stocks. He said “I have never been more excited about specific stocks. This year, you will be able to make a lot of money as a result of financial engineering -- companies engaging in deals, takeovers, split-ups, spinoffs, and such. It is a phenomenal time to make money in the market.”
Felix Zulauf
Felix Zulauf, the founder of Zug, Switzerland-based hedge fund Zulauf Asset Management, was more bearish than many money managers when he offered up his view for 2013 at the Barron's Roundtable. He said that the rally in risk assets is “late in the cycle” and that the market would fall between the second and third quarters as unresolved crises will re-emerge. Unlike some observers, Zalauf is not a believer in a European recovery and said that he thinks interest rates will begin to rise once again for countries like Greece, Spain and Italy, reigniting the crisis. “It is difficult to time such things, but around the middle of the year, the markets will start to reverse. I don't know whether they will end the year slightly up or slightly down. I expect the first half of 2013 to be friendly to equity markets, and the second half to be unfriendly, with risk rising.”
Brian Rogers
Brian Rogers is the Chairman and Chief Investment Officer of T. Rowe Price Group
TROW
. Speaking at the Barron's Roundtable, he said that he is expecting a fairly good year for equities in 2013. Rogers added that one thing that has the potential to boost equity returns in the year is money rotating out of bonds and into the stock market. While he is not as optimistic about S&P 500 earnings growth in 2013 as some market strategists, he does think that the equity market is attractive relative to fixed income. Rogers argues that “a combination of decent economic performance, reasonable valuations, and decent dividend activity suggests stocks could do well this year.”
Scott Black
Scott Black also shared his view for 2013 at the Barron's Roundtable discussion in January. He is the founder of Boston-based money management firm Delphi Management. Black said that his firm is modeling an earnings increase for the S&P 500 of around 5% for the year and that using these estimates the market looks fairly cheap. In particular, Black argued that large cap stocks are “systemically underpriced.” The major obstacle that he pointed to for the year is the potential fight over the debt ceiling. Black noted that from “a July 7, 2011 market peak through October 3, 2011, trough, a period encompassing the prior debt-ceiling fight, the S&P 500 fell 18.8%. You can't rule out the possibility of something similar happening this year.”

Posted In: Byron WienDavid TepperJeff GundlachJim RogersMario GabelliRay DalioNewsBondsHedge FundsMovers & ShakersPoliticsPsychologyTopicsEventsGlobalEcon #sEconomicsHotMarketsGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.

 

Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral