As this blog post is being written on Wednesday afternoon, May 31 ’17, the Financial sector has given up all of its gains for 2017, and has under-performed the SP 500 by nearly 650 – 700 bp’s year-to-date. Charles Schwab … 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
Since probably late November, ’16, there has been a plethora of pundits appearing in the mainstream financial media, telling investors to wait for a pullback before buying the Financial sector. However, like the “treading of water” the SP 500 did … 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
Moving into January, 2017, here is the Thomson Reuters I/B/E/S data by the numbers: Forward 4-qtr est: $132.73, up from $128.57 last week, and typical with the roll into the new quarter. P.E ratio: 17(x) PEG ratio: 3.5(x) SP 500 … Continued
“The great advantage of having a reputation for being stupid: People are less suspicious of you.” Tom’s character from “4 Weddings and a Funeral” ————————————————————– One of the groups we’ve avoided for clients the last few years, has been … Continued
This weekend, some time was spent looking at how the top 5 stocks in the SP 500 (SPY ETF) looked from an earnings and revenue growth perspective. (See above table – market data as of Friday, August 19th, and earnings … Continued
The SP 500 fell 2.5% today, and is down 5% in the last week. With the SP 500 down about 7.5% YTD already, needless to say, this wasn’t the start expected to 2016. At a Chicago CFA Society luncheon today, … Continued
The one stat that jumped out at me from this blog’s earnings update this weekend weekend was the SP 500 Earnings Yield at 6.59%, the highest print for that metric since the 2nd week of October, 2014 or the bottom of … 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