Because of the diminished long-terms returns-on-invested-capital and the inability for many commodity companies to build what Mr. Buffett and Morningstar call the “sustainable moat”, clients have never owned substantial positions in commodity companies for longer periods of time. Yes, Alcoa … Continued
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
Updating this article from the last week of December, 2016 and this article from early, 2017, here is an update to the three favored sectors as Q4 ’16 earnings season began: FC – sectorupwardrev122516 (The spreadsheet is dated 12/25/16, but the … Continued
Occasionally it helps to take a step back and look at the annual SP 500 earnings data: 2017: $134.26 – (est) 14% SP 500 earnings growth expected next year 2016: $117.94 – est. Another year of 0% – 1% growth … Continued
Per Thomson, we’ll hear from 91 companies this coming week, in terms of 2nd quarter, 2016 earnings releases. Microsoft (MSFT), Intel (INTC) and IBM (IBM) interest me from the “old tech” perspective. Microsoft and IBM are doing a better job … Continued