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.
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.
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.