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Wall St Week Ahead of year end targets in 4 month

In fact, it has taken less than four months for the S P to surpass year-end 2013 targets of about two-thirds of the strategists polled by Thomson Reuters in December. Of 47 analysts surveyed, 30 of them expected to see this year end at a level already exceeded by the index.

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The S P 500 stock index’s stunning run since the start of the year has made many bullish analysts look conservative. As the benchmark S P has roared to record highs this year with a gain of more than 11 percent, many Wall Street analysts have been forced to concede their prior targets were too low and adjust accordingly.

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In fact, it has taken less than four months for the S P to surpass year-end 2013 targets of about two-thirds of the strategists polled by Thomson Reuters in December. Of 47 analysts surveyed, 30 of them expected to see this year end at a level already exceeded by the index.

The mid-year targets are even more lopsided, as the S P is above the mid-year forecast for 27 of the 28 analysts who estimated where the index would be by the end of June.”When we started the year at 1,425, that implied about a 15 or 20 percent total return,” said Phil Orlando, chief equity market strategist at Federated Investors in New York, who has a 1,660 year-end target for the index.”Here we are now 3 1/2 months into the new year and stocks are up 11, 12 percent – there’s…

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Wall St Week Ahead A year of returns, all before mid-April

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Thai Mango growers complain of low prices and fewer exports

Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.

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Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.

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