Let’s run through the weekly earnings data from Thomson Reuters I/B/E/S: Forward 4-quarter estimate: $138.42 P.E ratio: 17.9(x) PEG ratio: 1.83(x) SP 500 earnings yield: +5.59% Year-over-year growth rate of the forward estimate: +9.75% vs last week’s +9.21% Tracking the … Continued
In terms of the technicals, the Technology sector is way overbought. The Energy and Telco sectors are way oversold. There are far better technicians than me that you can read every day on Twitter, TheStreet, Seeking Alpha, and the various … Continued
Lots of angst around the QQQ’s and the “head-and-shoulders” that looks to be in place (according to some technicians). The June 8th reversal for the semiconductor sector and the QQQ’s was significant. Here is how the Q’s and some key … 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
The Financial sector has traded quite punk since March 1, 2017, the day after President Trump’s address to the joint session of Congress. Part of this – no doubt – is a continued flattening of the yield curve, with the … Continued
95 of the Sp 500 companies have reported Q1 ’17 earnings as of Friday, April 21, ’17 per Thomson Reuters I/B/E/S. By the end of this coming week, April 28, ’17, about half the SP 500 will have reported their … Continued
Many investors are surprised at the Q1 ’17 SP 500 earnings “expected” growth rate of 8% – 10% as the Street kicks off Q1 ’17 earnings this week. As Factset (article linked to yesterday’s blog post here) detailed this week, … 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
The top three sectors that are expected to offer strong results with potential “upside surprises” for Q4 ’16: Energy Technology Financials Energy should have the best “upside” in terms of Q4 ’16 earnings growth simply because I suspect the Energy … Continued