|By PR Newswire||
|January 21, 2014 09:30 AM EST||
DE PERE, Wis. and CHESTER, N.J., Jan. 21, 2014 /PRNewswire/ -- The stock market has enjoyed a spectacular run—with the Dow shattering the 16,000 barrier—but temporary headwinds are likely to drive a sharp, short-term correction by the end of the first quarter, predicts Jordan L. Kimmel, chief market strategist for De Pere, Wisc.-based KCD Financial Inc.
"The longer-term prognosis for the market is very positive, with key economic signs aligning for a sustained bull run," says Kimmel, who has spent more than 25 years in the capital markets, managing portfolios and providing guidance to clients, brokers and the media. "But in the extreme short-term, investors who are on margin should cover their positions so they will be able to make a quick jump as soon as the tide turns."
Kimmel sees a "healthy" 15 percent correction in the spring, as issues like "domestic political scares" or Middle East unrest spook the market. "There's a need to anticipate it and to plan for it, but this short-term correction will lead to market cleansing, setting the stage for more upturns," he explains. "We are not seeing the beginning of the end."
That's because the underlying fundamentals are still strong, according to Kimmel. "I anticipate 'Goldilocks growth' and returns of 12 percent for all of 2104," he notes. "The market will be not too hot, and not too cold, but instead the growth will be just right."
One of the key contributors to performance will be the purchasing power of international consumers, adds Kimmel, who works out of Chester, N.J.
"Some market observers fear that domestic consumers are 'tapped out,' but they forget about international consumers who want to own U.S. products," he notes. "There's consumer hunger in just about every country, and U.S. companies are meeting that demand by manufacturing and exporting more goods and services, which translates into a broad-based boost to revenue."
Analyzing the market by segment, Kimmel cautions investors to underweight the bond market, which he thinks will suffer as the Federal Reserve's tapering actions fuel an increase in interest rates. "Yields are terribly low right now, and a rise in rates will drive down bond prices," says Kimmel, a former bond specialist. "Right now there's no upside to exposure to the bond market."
But he is bullish on certain technology and other segments.
"We've just scratched the surface when it comes to the Internet," Kimmel says. "We're looking at ubiquitous connectivity, and I'm looking into companies that are developing 'smart' appliances and that are investing in research and development efforts. But with that in mind, I'm not a big fan of social media, because I believe the market is overbidding it right now."
Kimmel does see a comeback for the housing market, which should have a positive impact on construction, and he believes the long-term outlook for banks is also good.
"Companies that are tied in to infrastructure activity should offer good returns," he adds. "And I also believe that automotive suppliers will do well, since consumers have owned their cars longer."
Kimmel recently joined KCD Financial, a fully introducing broker/dealer and State Registered Investment Advisor firm that is majority-owned by Freedom Securities, Inc. In his role as chief market strategist, he provides guidance to the firm's nationwide network of independent brokers and their clients on relative risk and opportunities in the capital markets. Prior to joining KCD Financial, Kimmel served as chief market strategist and portfolio manager for other national independent brokerage firms. From 1997 to 2009, he was president of the Magnet Investment Group, LLC, an independent firm that managed proprietary funds and served as a sub-advisor to other prominent investment firms. He authored Magnet Investing and The Magnet Method of Investing: Find, Trade, and Profit from Exceptional Stocks, (Wiley, 2009). In 2013, the well-known Stock Trader's Almanac dedicated its 46th annual edition to Kimmel.
SOURCE KCD Financial Inc.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Jul. 29, 2016 02:00 PM EDT Reads: 1,193
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Jul. 29, 2016 01:00 PM EDT Reads: 753
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Jul. 29, 2016 01:00 PM EDT Reads: 688
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Jul. 29, 2016 01:00 PM EDT Reads: 1,182
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 29, 2016 01:00 PM EDT Reads: 2,081
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 29, 2016 12:15 PM EDT Reads: 246
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Jul. 29, 2016 12:00 PM EDT Reads: 1,826
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 29, 2016 12:00 PM EDT Reads: 2,091
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Jul. 29, 2016 11:46 AM EDT Reads: 294
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Jul. 29, 2016 11:30 AM EDT Reads: 1,242
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 29, 2016 11:15 AM EDT Reads: 1,340
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Jul. 29, 2016 11:15 AM EDT Reads: 677
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
Jul. 29, 2016 11:00 AM EDT Reads: 804
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Jul. 29, 2016 11:00 AM EDT Reads: 435
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Jul. 29, 2016 11:00 AM EDT Reads: 504