This is a great graph from Gina Martin Adams, Chief Equity Strategist at Bloomberg. You have to squint to see the orangeish line showing the chart of the “2010’s” bull market and how its slope and length compare to … Continued
Readers know my appreciation of Bespoke’s work, the firm started by Paul Hickey and his crew after coming out of Laszlo Birinyi’s shop (and Laszlo published some pretty good research as well) and last Friday’s weekly “Bespoke Report” was no … Continued
https://www.nuveen.com/bob-doll-weekly-commentary The above link is to Bob Doll’s research piece found on Twitter on 8/24/18 and in the Nuveen research commentary, Bob wonders if “corporate” earnings will weaken in the 2nd half of 2018. From an analytical perspective, and just … Continued
The attached spreadsheet shows the trend in “upward” vs. “downward” revisions for the SP 500, with highlighted boxes being the key weeks of earnings season when the majority of SP 500 earnings report. Note the ratio of upward vs … Continued
From the Thomson Reuters earnings data: Fwd 4-qtr est: $169.19, down a smidge from last week’s to $169.25 PE ratio: 16.85x PEG ratio: 0.75x SP 500 earnings yield: 5.94% vs last week’s 5.97% Year-over-year growth of fwd est: +22.40% vs … Continued
While the large-cap growth performance premium continues, the difference between the mid-cap growth and value styles has narrowed since 12/31/17. The highlighted box is 2017 returns, which was a strong year for large-cap growth and momentum. What needs to … Continued
One of the classic scenes from BraveHeart was when Mel Gibson, playing William Wallace, was standing in the field facing down the English cavalry, and holding back his troops, yells, “Hold!…Hold!…Hold!” waiting until the heavy horses and opposition were nearly … Continued
Here’s the data: Fwd 4-qtr est: $169.25 vs last week’s $169.24 PE ratio: 16.7x PEG ratio: 0.75x SP 500 earnings yield: +5.97% vs last week’s +5.96% Year-over-year growth of fwd estimate: +22.38% vs last week’s +22.27% (Source: Thomson Reuters IBES … Continued
David Aurelio of Thomson Reuters is very helpful in getting good sector information on the Thomson Reuters IBES data on the 11 SP 500 sectors. David has never failed to deliver when asked a question. Recently this blog asked David … Continued
It might be hardly worth mentioning but looking at the data every week, it’s important to distinguish sentiment from reality and for the Energy and Tech sectors there has been a little bit of softening in Q2 and Q3 ’18’s … Continued