Best week for US stocks in last thirteen months- F, CAT, GM, BAC, & ROST

Northern, WI  1/6/2013 (Wallstreepr) –After the budget deal the U.S stocks have the best week in last thirteen months. This is reflected by the fact that the S&P 500 rose 1.7% on last week of December. It is really a political optimism that the deal was finalized by democratic lawmakers and republican on budget. The U.S. stocks unite for this best budget week because lawmakers have passed the bill preventing tax increases (referred as Fiscal Cliff). The entire industry group in S&P advanced in festival week as S&P increased 4.6%. It is the highest level achieved since 2007. The major gains have been that of Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) rose more than 5.4%. Caterpillar Inc. (NYSE:CAT) and Bank of America Corp (NYSE:BAC) gains 6.6%, Ross Stores, Inc. (NASDAQ:ROST) topped the estimates and beat the forecasters.

On Jan 3rd the jobs report was not as exciting but the last gain was superb and it was increased up to 13% in 2012. It proves biggest annual game of the last three years and unlimited bond purchasing plans was announced by European central bank. Chairman of Fed central bank will buy bonds consistently to improve the economy until investors see improvement in the security market. This improvement will create a boom in the stock market.

If we talk about the bank surge then Bank of America rose 6.6% as we mention earlier its biggest gain and JP Morgan company rose 4.9%.assets management of JP Morgan’s company and brokerage of the Bank of America Corp (NYSE:BAC) are the business that are fully grown for divestiture in case if banks of us break up to get better stock prices. Mike Mayo said that stock price can be double if the cost of capital reduces and risk increases. Industrial companies also rose 5% to the peak level since 2008. The world’s largest mining and construction equipment maker company named caterpillar jumped 9.3%.

That was the December sales that beat the forecasters, estimates and analysts after holiday season and discounts. Some store sales also rose 4.8% that was tracked by Massachusetts and Swampscott beats the estimates except drugstores.  Ford Motor Company (NYSE:F) rose 5.4% by delivering trucks and cars, General Motors Company (NYSE:GM) reached 7.2%, this is a surprising growth and results the estimates. This is very beneficial growth rate that will boost up the economy of the country. The deliveries of truck and cars reached 13% it is the highest delivery since 2007. Analysts predict the 15% growth this year and it fluctuates according to this annual record.

It has been observed that high risk always offers high profits. Calm investors know this thing very well and the economical boosts of US ids the best example of this. Investment is always a risky and messy process but it boost up and compensate all the risks after the better results. This year of 2012 was really an economical year that proves better in all respect and it leads the US economy in a better and magnificent rate. No doubt it will increase the growth rate of the country and economy as well.

The shares of Ford Motor Company (NYSE:F) were up by 0.82% to close at $13.57

The shares of Caterpillar Inc. (NYSE:CAT) were up by 0.55% to close at $ 94.92

The shares of General Motors Company (NYSE:GM) were up by 0.13% to close at $ 29.86

The shares of Bank of America Corp (NYSE:BAC) were up by 1.25% to close at $ 12.11

The shares of Ross Stores, Inc. (NASDAQ:ROST) were down by -1.41% to close at $ 57.95

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Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing.