With Schlumberger’s (SLB) report Friday morning, the Energy sector weighting was reduced by selling the OIH. Despite very easy compare’s to Q1 ’16’s $28 – $30 crude oil nadir, there was very little “upside surprise” to the report and forward … 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
In 2014, I managed to avoid the Energy sector for clients, almost entirely, owning no Energy (crude oil or natural gas) companies and selling Halliburton near $70 during the summer of 2014. Unfortunately, like a golfer that eagles one hole, … Continued
When we wrote the weekend earnings update and linkfest, Industrials were one of the more oversold sectors, and we promised an update on the group to readers. Industrial’s are roughly 10% of the SP 500 by market-cap weight. Here is both … Continued
This week, Alcoa starts off q2 ’14 earnings season on Tuesday night after the closing bell. Let me get this straight: when AA was part of the Dow 30 and led off earnings season, it mattered, but now that it … Continued
Haven’t done one (Linkfest blog) in a while, and it hasn’t really been missed, so not sure why I’m spending the time this weekend, but here goes: Great blog called “This Week on Wall Street” by Gary Morrow and his … Continued
Yesterday, was a George Costanza day (you have to be a Seinfeld fan) yesterday, as the commodity stock strength we wrote about here last week, promptly reversed and did the opposite of last week’s action. Alcoa (AA): -2.66%, remains above its … Continued
Strange action in the markets last week, with Chairwoman Yellen being accused of a “gaffe” by some of the financial media, while I simply thought she was being honest. You would think that with all the weeping and gnashing of … Continued
With the SP 500 down 3% in January ’14, and as January is thought of as the January Barometer, and a good leading indicator for full-year equity returns, we are trying to balance the mental gymnastics of knowing the stock … Continued
Per ThomsonReuter’s “This Week in Earnings”, the forward 4-quarter EPS estimate for the SP 500 estimate fell $0.52 last week to $119.80, from the prior week’s $120.32. The p.e ratio on the forward estimate ended the week at 14.88. The … Continued