These I do not calculate but digest from varying accreditors analysts... a lot reliable than HC anlysts lol. PE figure is from Bloomberg when the DOW was 14000 and should read a lot lower.
Oct. 12 (Bloomberg) -- U.S. stocks advanced for the first time in three days after retail sales rose more than economists forecast, sending the Standard & Poor's 500 Index to its longest streak of weekly gains since May. McDonald's Corp., the world's largest restaurant company, climbed after reporting profit that topped analysts' estimates. BEA Systems Inc. jumped the most since its 1997 initial public offering after Oracle Corp. bid to buy the software maker. The S&P 500 increased 7.39, or 0.5 percent, to 1,561.8, completing its fifth straight weekly advance. The Dow Jones Industrial Average rose 77.96, or 0.6 percent, to 14,093.08 and the Nasdaq Composite Index added 33.48, or 1.2 percent, to 2,805.68. U.S. retail sales expanded by 0.6 percent in September, more than the 0.2 percent projected by economists polled by Bloomberg, providing more evidence the housing slump won't spur a recession. A separate government report showed producer prices excluding food and energy gained less than estimated. ``The overall impact on the entire economy and markets from housing has been exaggerated,'' said Robert Carey, who oversees about $34.5 billion as chief investment officer at First Trust Portfolios LP in Chicago. ``Valuations on balance are still on the low side for equities.'' The S&P 500 is valued at 18.1 times total earnings, 32 percent below its average this decade, according to data compiled by Bloomberg. McDonald's increased 77 cents to $57.02. Preliminary net income was 89 cents a share, the company said, as new coffees and chicken snack wraps spurred sales. Thirteen analysts in a Bloomberg survey estimated 78 cents. BEA Surges BEA Systems surged $5.20, or 38 percent, to $18.82 after Oracle offered $6.7 billion, or $17 a share, 25 percent more than BEA's closing price yesterday. BEA said today the offer is too low and investors speculated more suitors will emerge. Oracle, the world's third-largest software maker, slipped 2 cents to $22.44. The S&P 500 posted its fifth straight weekly gain, the longest streak in five months. The benchmark for American equity rose 0.3 percent over the last five days, while the Dow average added 0.2 percent and the Nasdaq climbed 0.9 percent. Stocks rebounded after falling two straight days on concern corporate profits don't justify share prices. Analysts surveyed by Bloomberg expect earnings at S&P 500 companies to fall 0.6 percent in the third quarter. A week ago, they predicted earnings would rise 0.7 percent. To contact the reporter on this story: Lynn Thomasson in New York at [email protected] . Last Updated: October 12, 2007 16:15 EDT
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