Sunday, January 04, 2015

2014 Fox Gurus Predictions Review

More Fox Business Block gurus:  Here were the 2014 stock market predictions:

Here are the returns from 1/1/2014 to 12/31/2014:

  • Dow: 16,557 to 17,823 (7.5%, or 10% including dividends)
  • SP500: 1,848 to 2,059 (11.4%, or 13.7% including dividends)
  • Nasdaq: 4,177 to 4,736 (13.4%,  or 14% including dividends)
  • Oil was down 45% for the year.
On to the Fox Business Network gurus!  These are 2014 predictions from the December 28th, 2013 shows. I included closing prices from Friday 12/27/2013 as the starting price.  My comments follow each guru pick! 

Bulls and Bears

Gary B. Smith:  AET 40% gain, no matter what happens with Obamacare!  Dow 16,500.

My comment:  Gary’s forecast on the Dow was for a flat year, so that was a miss!  Aetna stock went from $67.75 to $88.83 from 12/27/13 to 12/31/14.  That’s a 31% winner.  We’ll take it, Gary.

Jonas Max Ferris: DZZ 2x short gold, up 50% in 2014.  Dow 15,500.

My comment: Jonas predicted a bad year for the market, and that didn’t happen!  His high-beta gold short DZZ went from $7.57 on 12/27/13 to $7.56 at year’s end.  That’s a little less than his 50% forecast.

John Layfield:  SDRL and  a 25% profit in 2014, not counting dividend.  Dow 18,103.

My comment: The ever-optimistic John was very close with the Dow return.  The last couple of 2014 market days took the Dow back under 18,000.  But it was a bad year for oil stocks.  SDRL $38.58 to $11.94 from 12/27/13 to 12/31/2014.  That’s a big decline of 69%.

Cavuto on Business

Adam Lashinsky:  VWNFX (Vanguard Windsor II fund) full of undervalued large companies$36.58 on 12/27/13.  I’m not sure about their distribution dates. The funded closed at $36.77 on 12/31.

My comment:  The big Vanguard fund close the year at $37.31.  I’m uncertain of their distributions, but it looks to have underperformed the SP500.

Gary Kaltbaum:  TIF closed at $90.87 on 12/27/13.  The markets are up and the rich are spending.  The stock ended the year at $92.78.

My comment:  TIF closed the year at $106.86, or a 17.6% return from the 12/27/13 pick.

Forbes on Fox

Elizabeth MacDonald:  XAR, the ETF that tracks the S&P Aerospace and defense.  It closed at $99.05 on 12/27/2013 and the year at $99.02.

My comment:  XAR close 2014 at $109.25, or 10.3% gain from 12/27/13.

John Tamny:  BBRY closed 12/27/2013 at $7.30, as “they’ve outsourced their manufacturing and that bodes well for next year.”  Closed 12/31 at $7.44.

My comment:  Blackberry closed the year at $10.98 for a gain of 50.4% from the 12/27/13 show.  Big win!  The stock was volatile all year long.

Cashin' In

Jonathan Hoenig: Interest rates are going to go up in 2014, so buy JGBS to bet against bonds.  The ticker was at $19.23 on 12/27/13 and finished the year at $19.37.

My comment:  JGBS closed the year at $18.20.  Everyone seemed to predict soaring interest rates in 2014.  Didn’t happen!

Wayne Rogers: IBB – Biotech!  This is a diversified ETF across the biotech sector.  The ETF was at $225.92 on 12/27/13 and closed the year at $227.06.

My comment:  Big year for Biotech!  IBB closed out 2014 at $303.35, for a 34.3% gain.

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