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
“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
Leon Cooperman phoned in to CNBC’s Halftime “Fast Money” show about 3-4 weeks ago, and the one comment that stuck with me was “This isn’t my Father’s stock market”. It was a telling comment from one of the Street’s great … Continued
Briefing.com has a decent earnings calendar and carries more prospective earnings reports than the SP 500. According to Briefing’s table, 74 companies reported earnings this past week: Beat consensus estimates: 41 Met consensus estimates: 13 Missed consensus est: 20 Here … Continued
The earnings reports of this past week, were not encouraging to say the least. Alcoa (AA), YUM! Brands (YUM) and Monsanto (MON), all had earnings and revenue impacted by China (YUM), or commodity prices (MON), or both (AA). Energy has … Continued
Long being fans of Bernie Schaeffer’s technical research and the work produced by Schaeffer’s Investment Research, we noted this chart over the weekend, put out Sunday by Bernie Schaeffer, that is entitled “Chart of the Week” and discusses Bernie’s view … Continued
According to Thomson Reuter’s This Week in Earnings, the forward 4-quarter EPS estimate for the SP 500 fell $0.25 this week to $126.33, versus last week’s $126.58. The p.e ratio on the forward estimate given the 1.71% SP 500 rally is … 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
We took in about $300k in new money in q1 ’14. Thank you to both long-time and new clients for your trust and confidence. Our Top 5 equity positions performed pretty well in q1 ’14. Although we don’t download index … Continued