Dr. David Kelly and his team at JP Morgan put together – each quarter – one of the best capital market, economic and portfolio management summaries on the Street in the form of JP Morgan’s, “Guide to the Market”. This … Continued
This blog post on the credit markets on May 5th, gave the first reference to the SP 500 being flat over the last 18 months. Let’s flush out the numbers a little further: 1/26/18 high tick: 2,872.87 9/21/18 high tick: 2.940.91 … Continued
With 497 of the SP 500 having reported their Q4 ’18 earnings, attention has been focused on Q1 ’19 and full-year 2019 SP 500 earnings for a few weeks, and really since Wal-Mart reported since, the majority of companies have … Continued
A little more discussion on 2019 SP 500 EPS estimates and looking into next year. Staying away from sector estimates for now, how have 2019 “bottom-up” annual EPS estimates tracked for the SP 500 over 2018 ? Readers … Continued
With the 2.5% rally this week in the SP 500, the SP 500 “earnings yield” ended Friday, November 2nd, 2018 at 6.36% vs last week’s 6.52%. The last time we saw a lengthy string of SP 500 earnings yield prints … Continued
Updating the weekly numbers: (Thomson Reuters) Fwd 4-qtr est: $169.21 vs last week’s $169.13 P.E ratio: 17x PEG ratio: 0.77x SP 500 earnings yield: 5.83% vs last week’s 5.88% Year-over-year growth of fwd est: +22.39% vs last week’s +22.20% With … 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
Each quarter, we get the JP Morgan “Guide to the Markets” which I think is chock full of good economic and market data. Dr. David Kelly and the JP Morgan analytical crew do a nice job compiling this 70-odd … Continued
The two most glaring examples are 1994 and 2011. We’ve written about these years before as examples of years where SP 500 earnings growth was strong and yet the SP 500 return for that calendar year was minimal. 1994 was … Continued
Here is the data: Estimated 2018 SP 500 EPS growth, with accompanying P.E 1/26/2018: +16%, 18.7x 1/19/2018: +15%, 18.5x 1/12/2018: +14%, 18.5x 1/5/2018: +12%, 18.5x 12/29/2017: +12%, 18.7x In Friday’s post (here) we showed the same numbers, but with tonight’s … Continued