Two items read this week, were a little worrisome: 1.) Liz Ann Sonders, Schwab’s great strategist, posted this to Twitter on Thursday: During most of this secular bull market, sentiment has been a mixed bag with the AAII data … Continued
When looking at portfolio performance as of August 31, Microsoft, client’s largest holding performed pretty well in the month of August, +3.5%, and year-to-date was up over 21%, versus the SP 500’s +10.5%. Then we get to client’s #2 holding, … Continued
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
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
Here is a longer look at the annual SP 500 EPS prints since 2014: 2018: $148.59: or +12% y/y growth (est. per Thomson Reuters I/B/E/S) 2017: $132.65 or +12% expected y/y growth (est. per Thomson Reuters I/B/E/S) 2016: $118.01 or … 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
By the end of this week, we will have heard from about 60% of the SP 500 in terms of Q1 ’16 financial results. How have expectations changed for Q2 ’16 and for full-year ’16 since April 1 ? Using … 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