Frustrating Financials: Financial’s are clients 2nd largest sector weighting behind Technology for the last several years. The aboce chart shows the XLF vs the SPY from Jan 1 ’18. Certainly the flat to inverted yield curve isn’t helping. … Continued
Here was the forecast for Q3 ’16 at the start of Q4 ’16. Per Thomson Reuters, which is my primary earnings data provider, actual Q3 ’16 earnings grew 4.3%, but Ex-Energy, SP 500 earnings grew 7.9%. Pretty good growth. For … 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
Yesterday, we posted an ugly daily chart on the Dow Jones Utility Average. Today, we look at the “monthly” Utility chart, and note when the Fed raised rates historically, i.e. 1994 and 1999 – 2000. In 1994, the DJ Utility … Continued
Back in the 1990’s I would always hear portfolio managers talk about the correlation between interest rates and the utility averages, and this time is no exception, as the Dow Jones Utility Average has gotten crushed since April 30th, as … Continued
Per Thomsonreuters, the forward 4-quarter estimate for the SP 500 slipped $0.27 this past week to $113.57, from last week’s $113.84. With the SP 500 up 1.20% this past week, the p.e ratio rose to 14.4(x) those forward earnings. The earnings yield on … Continued
According to ThomsonReuters, the “forward 4-quarter” earnings estimate for the SP 5oo ended the week at $115.09, down just a smidge from last week’s $115.14. The p.e. ratio on the current $115,09 estimate is 13.5(x), consistent with the last few quarters … Continued