The constant focus on SP 500 earnings often overlooks the importance of SP 500 revenue. The same quality analysis of SP 500 earnings by IBES data by Refinitiv, doesn’t always extend to SP 500 revenue. Readers of Refinitiv data reports … Continued
The week ended February 15th, 2020, saw the SP 500 earnings yield slip to 5.20%, which as was noted on this blog here, was worth watching. The recent multi-year high for the SP 500 earnings yield was 7% during Christmas … Continued
The SP 500 earnings yield has retreated again down to close to 5% at 5.20%. This level is always worrisome. Here is the article from last December ’19 on the low SP 500 earnings yield. ————— SP 500 Earnings data … Continued
Financials start the Q4 ’19 earnings season this week, which is typical each quarter, as Financial’s start reporting and mostly finish reporting before the rest of the SP 500 does their quarterly duty. The other interesting (and mostly irrelevant) fact … Continued
In prepping to write this weekly update, the SP 500’s “forward earnings yield” at 5.28% is as low as I’ve seen it post 2008. Yes, that’s a long time. The lowest I’ve seen it prior to this is the week … Continued
The attached headline is from a Factset report dated August 12th, 2019, so with Friday’s “tariff tiff”, expect this only to get worse. The SP 500 put in a double-bottom or made critical lows on the following dates in … Continued
The SP 500 earnings yield was 6.05% as of Friday’s close, and the 2nd week in a row where the key benchmark’s earnings yield was above 6%. There was a string of 22 consecutive weeks from October 5th, 2018 to … Continued
Despite the market volatility this week, with the SP 500 falling 2.4% on Monday, May 13th after President Trump’s China tariff tweet, the 2019 and 2020 “bottom-up” EPS estimate “rate of change” again improved, for the 2nd consecutive week. Here … Continued
May seem like a small data point but this week showed the first sequential improvement in the “4-week” rate of change in the SP 500 2019 and 2020 EPS estimate since – guess when – September 21 ’18. At … Continued
The SP 500 Earnings Yield is at 6.88% as of Thursday, December 20th, 2018. The 6.88% level is now above the highs from the 2015 – 2016 correction but still well below the 8% – 9% hit during the 2011 … Continued