Halister News

(Bloomberg) -- Money managers see the Dow Jones Industrial Average rising 4% by mid-2017, according to Barron’s latest Big Money survey of 110 respondents in the April 25 edition. The broader Standard & Poor’s 500 may rise 9% through June 2017, while the Nasdaq could advance 7%, they said. Other findings:

• 38% of investment professionals polled were bullish or very bullish, down from 55% in last fall’s tally.

• Two-thirds of managers say 10% stock drop is likely in next 12 months, probably in reaction to disappointing corporate earnings.

• 66% of respondents say Hillary Clinton will win the U.S. presidency.

• Apple (AAPL), trading at less than 12 times earnings, was the money managers’ favorite stock this spring.

Other highlights from this week’s Barron’s (subscription required):

• Marriott International (MAR), which is buying the Starwood (HOT) hotel chain, could rise 20%, Barron’s said. Marriott’s fee-based business model makes it “more recession- resistant” than rival companies that own more real estate, Nomura analyst Harry Curtis said.

• Mohawk Industries (MHK) may rise 20% in a year as the No. 1 flooring maker gains from housing industry growth and M&A. The company has low exposure to declining carpet sales and a strong position in ceramic tile, Barron’s said.

• AmTrust Financial Services (AFS) may be overvalued, Barron’s said. Accounting questions and challenges from its Italian hospital business cause concerns for the insurer.

• Tyler Technologies (TYL) may rise 20% in a year, Barron’s said. A decline in the stock to about $140 from $180 at the end of 2015, plus stable sales and growing profit, makes the supplier of software to government agencies attractive.

• Baron Capital CEO Ron Baron sees Hyatt Hotels (H) shares more than doubling in five years on revenue growth and stock buybacks, Barron’s reported. The mutual fund manager sees Tesla Motors (TSLA) quadrupling in five years on surging sales of its electric cars.

• Carmike Cinemas’ (CKEC) activist shareholders want a higher bid than AMC’s $30 a share and could force a sweetened offer to $35, Barron’s said.