The Financial sector is one of client’s overweights and it’s lagged the SP 500 badly all year. Up just 2% YTD, versus the roughly 8% total return for the SP 500, banks and brokers have been pretty punk, with the … Continued
With the roll into the April ’17 quarter, the forward 4-quarter estimate has increased from last week’s $130.98 to this week’s $135.14. The forward 4-quarter estimate now covers the period from Q2 ’17 through Q1 ’18, while the Street obsesses … 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
Because of the quarterly bump into the July quarter, (and, according to Thomson Reuters), the forward 4-quarter estimate this week rose to $126.77, or $3.80 higher than last week’s $122.97. Here is last week’s Weekly Earnings Update, which talks about … Continued
While we are still long JP Morgan (JPM), Bank of America (BAC) and Wells Fargo (WFC), within client accounts we sold our Goldman Sachs (GS) in January ’14 at roughly $171 – $172 as well as our XLF (Financial ETF) … Continued