Having never owned the Emerging Markets (EM’s) in any form or fashion in the 1990’s and then staying out of the asset class between 2001 – 2007 given all the money that flowed into the asset class after Technology collapsed, … Continued
The big data point that stuck out this week was the all-important year-over-year growth rate of the “forward 4-Quarter” estimate. We’ll walk through the numbers in a second, but the other aspect of the numbers that jumped out was that … Continued
First this article from Factset on Thursday, I thought was a decent summary on Q1 ’16 financial results YTD. Thomson data “by the numbers”: The forward 4-quarter estimate fell to $123 from $123.01 last week The P.E ratio as of … Continued
The Weekly Earnings Update is already done, but this comment on the Energy sector takes precedence in my opinion in terms of the weekly earnings commentary. There are a couple of reasons I think Energy remains the key to this … Continued
Leon Cooperman phoned in to CNBC’s Halftime “Fast Money” show about 3-4 weeks ago, and the one comment that stuck with me was “This isn’t my Father’s stock market”. It was a telling comment from one of the Street’s great … Continued
With roughly 441 of the SP 500 companies having reported their Q3 ’15 earnings, (Factset says 444 SP 500 companies have reported), there isn’t much new about the Q3 ’15 results that you couldn’t have read already on this blog … Continued
Since last September, ’14, the Energy sector has gotten crushed, and basic commodities have followed. When this blog post was written in May ’15, the promise to readers was that you would be kept updated on the trend in Energy … Continued
Had some very positive responses to last night’s SP 500 valuation post. Thanks for the comments. A question from Leslie Lammers, CFA, founder of Riverfront Advisors asked about Q1 ’15 Revenue Growth, and what would it look like if broken … Continued
Here is a table I build occasionally using Bespoke, Schwab, and Thomson Reuters data. BespokeSP500 sector data It would have been more meaningful published Sunday, April 26th since the return data was as of Friday afternoon, April 24th, but it will still … Continued
According to Thomson Reuters, “This Week in Earnings”, the forward 4-quarter estimate was $122.56, versus last week’s $123.49. The p.e ratio on the forward estimate is 17(x). The PEG ratio is 29.5(x), or Ex-Energy, just over 3(x) and still elevated. … Continued