Strong Earnings Season Drives S&P 500 Index to Five Year High
Five Star Equities Provides Stock Research on Pitney Bowes and R.R. Donnelley & Sons
NEW YORK, NY -- (Marketwire) -- 02/21/13 -- The S&P 500 Index has continued its surge throughout this earnings and has topped the 1500 mark for the first time in five years. The S&P Index has posted a gain of nearly 7 percent year-to-date. Five Star Equities examines the outlook for companies in the S&P 500 Index and provides equity research on Pitney Bowes Inc. (NYSE: PBI) and R.R. Donnelley & Sons Company (NASDAQ: RRD).
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Signs of an improving U.S. economy combined with a relatively strong earnings season has helped fuelled the S&P Index's rally in the early parts of 2013. Of the 354 companies in the S&P 500 Index that have reported earnings this year approximately 74 percent have exceeded profit projections, according to data from Bloomberg.
"The early months of any year are often seasonally strong for the stock market, and this year was no exception," said Lawrence Creatura, portfolio manager at Federated Investors, which oversees $380 billion. "The important question is, were those gains earned? Based on the earnings results that we've gotten so far, it seems as though they were."
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Shares of Pitney Bowes have gained nearly 25 percent year-to-date. The company currently offers investors an annual dividend of $1.50, for a dividend yield of approximately 11.3 percent, among the highest in the S&P 500 Index. The company experienced year-over-year growth in revenues for a majority of their business segments. Pitney Bowes Management Services segment experienced revenue growth for the first time since 2008.
Shares of R.R. Donnelley & Sons Company have gained nearly 10 percent year-to-date. The company currently offers investors an annual dividend of $1.04 per share, for a dividend yield of approximately 10.5 percent. R.R. Donnelley & Sons is scheduled to release results for the fourth quarter and full year 2012 on Tuesday, February 26th.
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