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
Bob Doll, Nuveen’s excellent strategist here in Chicago was on CNBC Wednesday here and he talked about the SP 500 possibly not seeing as a much as a 10% correction given that ‘earnings are too strong”. Bob could be right, but … Continued
Source: Morningstar / Ibbotson’s Stocks, Bonds, Bills & Inflation Handbook The 30-year bond data needs to be updated and the Barclay’s data is now being tracked (now Bloomberg Barclays Aggregate)on the spreadsheet. The point of today’s post is simply to … Continued
The year-over-year growth rate of the SP 500 forward earnings estimate tracks the “expected” forward growth rate of SP 500 earnings, vs that same expected rate one year prior. While Thomson Reuters gives the forward 4-quarter estimate each week, which … Continued
Jeff Miller, one of my friends in the business and the excellent ‘Weighing the Week Ahead” and “Dash of Insight” blogger here in Chicago (Jeff’s blog was voted one of the Top 100 Financial blogs in America a few years … Continued
Basically, 495 of the SP 500 have reported Q4 ’16 earnings by now, so we look forward as they say, and the “Forward 4-quarter Growth Rate” continues to push higher. Thomson Reuters I/B/E/S data by the numbers: Forward 4-quarter estimate: … Continued
Typically, there is always one or two data points that jump out from the Thomson or Factset earnings summaries which come out each Friday afternoon. This week, it was noted on page 5 of the Factset Earnings Insight, that Q4 … Continued
Per Thomson Reuters, with 455 of the SP 500 having already reported their Q3 ’16 financial results, SP 500 earnings have grown 4.1% year-over-year, while excluding Energy, the SP 500 earnings have grown +7.7%. This is pretty good earnings growth … Continued