We are presently in “the dead zone” of earnings reports and revisions, as – according to IBES by Refinitiv data – there were just 517 revisions to analyst estimates this week, versus the 2,300 odd changes to estimates during the … Continued
This morning’s Empire Report not withstanding, (the weakest since June, 2011 per Bespoke), while the market sentiment has firmly tilted to the bearish camp, “market breadth” is one reason to remain firmly rooted in the bullish camp. Here are two … Continued
For the next four weeks, the SP 500 will see fewer earnings releases as the number of companies reporting their March ’19 quarter is now done. We will hear from a few companies like Oracle (ORCL) this week and then … Continued
First, let’s get to the SP 500 Earnings metrics missed this weekend: Fwd 4-qtr est: $171.52 vs $171.47 PE ratio: 16.7x PEG ratio: 3.63x SP 500 earnings yld: 5.97% vs. last week’s 6.23% Y/y growth of Fwd est: +4.7% vs … Continued
The two US dollar proxies followed regularly are the UUP and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical … Continued
Since the SP 500 peaked in late September ’18, the goal of the attached spreadsheet was to give readers a feel for the change in the EPS estimates for 2019, relative to the market action and change in the SP … Continued
The SP 500 was still up 10.58% as of May 31, even though the month of May was pretty ugly in terms of the monthly SP 500 return. Here were client’s Top 10 holdings as of May 31 and their … Continued
“Worst Week for Stock Markets since Christmas” (presumably Christmas ’18). The headline is a Bloomberg quote caught while prepping the weekly SP 500 earnings update, Saturday morning, June 1st. From a sentiment perspective, it does now seem like absolutely no … Continued
Frustrating Financials: Financial’s are clients 2nd largest sector weighting behind Technology for the last several years. The aboce chart shows the XLF vs the SPY from Jan 1 ’18. Certainly the flat to inverted yield curve isn’t helping. … Continued
We are just 7 months from the calendar rolling into 2020. The first EPS estimate for 2020 was actually published by I/B/E/S by Refinitiv in early April ’18, but the sector growth rates don’t start to get tracked until the … Continued