This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ING U.S. Investment Management CIOs Forecast 8-10% Rise To S&P 500 In 2013

Stocks in this article: ING

NEW YORK, Nov. 14, 2012 /PRNewswire/ -- While U.S. markets may face considerable volatility between now and yearend, there will be modest growth in 2013 and an 8-10% rise in the S&P 500, according to chief investment officers from ING U.S. Investment Management.  The impending "Fiscal Cliff" issue will continue to impact equities this year, but, once that issue is resolved, a less choppy market is expected in 2013, with a yearend target for the S&P of between 1550 and 1600.  The senior investment professionals predict GDP at between 2 to 3%.

"The U.S. will get past the Fiscal Cliff, and there will be more clarity in the market next year," said Paul Zemsky, Chief Investment Officer of Multi Asset Strategies.  "Domestic equities will benefit from the strengthening in the housing sector as well as from improvements in the labor market.  Meanwhile, Europe may continue to struggle with its economic issues for several months, but may well come out of its recession in the first half of the year."

Zemsky said that the U.S. market may favor value stocks, which should be playing catch up after some years of underperformance, and this trend could bode well for the financial sector.  Emerging market equities will be another bright spot next year, he commented, owing to such factors as China's easing of monetary policy, its intentions to boost fiscal stimulus and the expected change in government leadership.

" China will not have a hard landing, and this is very helpful for other emerging market countries," said Zemsky.  "A healthy Chinese economy means other emerging market nations should continue to enjoy strong exports, helping to fuel overall growth in emerging market economies."

In fixed income, the team prefers high yield and emerging market debt as well as senior bank loans and cautions that a changing interest rate environment later in 2013 may cause volatility.  Christine Hurtsellers, Chief Investment Officer of Fixed Income and Proprietary Investments, indicated that, over the next several months, spread sectors will be a good place to earn income as central bank policy remains very accommodative. The higher quality end of the high yield market continues to be well positioned, with resilient fundamentals and low default rates.  Emerging markets are poised to benefit from recent monetary and fiscal accommodation and also present good value and opportunity. Nonetheless, later in 2013, Hurtsellers foresees the prospect of economic growth producing volatility for many fixed income sectors, including the spread sectors and U.S. government securities.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs