The headline continues to be the $64,000 question, regarding SP 500 earnings. The reason the probability for SP 500 earnings bottoming in Q1 ’16 is starting to gain some traction is the action in commodities, and the action in the … Continued
A friend of mine was driving from Chicago to Springfield, Illinois, 4 – 5 years ago, during one of the famous Illinois winter cold-snaps, in his big, honking, 4-door Lexus, and he hit some black ice on I-57 about halfway … Continued
“Fed Model” fans are familiar with the SP 500 earnings yield, since it is the Fed Model calculation that subtracts the 10-year Treasury yield from the Earnings Yield of the SP 500 (calculated by using Thomson’s forward 4-quarter earnings estimate … Continued
All eyes are on the Fed this week, but I’ll be more interested in what comes after i.e. could we be looking at another government shutdown thanks to the debt ceiling ? When Fed Governor Dudley gave a speech at … Continued
Per Thomson Reuters, the forward 4-quarter earnings estimate rose this week to $122.03, from last week’s $122.01. The P.E ratio on the forward estimate is 17.3(x) The PEG ratio is still negative. The SP 500 earnings yield fell to 5.78% … Continued
The Thomson Reuters earnings data I track on an Excel spreadsheet goes back a long way, back to the year 2000, and there are very few periods that are negative, in terms of year-over-year (y/y) earnings growth. Obviously 2008 was … Continued
Jon Najarian, from OptionMonster with a good read found on Twitter, on crude oil volatility or the OVX. With crude trading right through $60 on Friday, many pundits think $50 is the next stop. What intrigues me is that names … Continued
Per Thomson Reuter’s This Week in Earnings, the “forward 4-quarter” estimate fell this week to $124.37 from last week’s $125.36. The p.e ratio on the forward estimate is now 16(x). The PEG ratio is 2.52(x). The “earnings yield” on the … Continued
When we wrote the weekend earnings update and linkfest, Industrials were one of the more oversold sectors, and we promised an update on the group to readers. Industrial’s are roughly 10% of the SP 500 by market-cap weight. Here is both … Continued
Per Thomson Reuters, the “forward 4-quarter” earnings estimate for the SP 500 actually rose $0.02 last week from $118.87 to $118.89. The p.e ratio on the forward estimate is now 15.5(x), while the PEG ratio is 2.50(x), still towards the … Continued