Per IBES 461, of the SP 500 have reported their Q3 ’19 results. We continue to lap toughest quarter of 2018 in terms of quarterly earnings, as Q3 ’18 saw SP 500 EPS grow 28% and SP 500 revenue grow … Continued
We heard very little about this week’s Ron Baron forecast, where he predicted a 650,000 DJIA in 50 years. The math is simple as Baron detailed it: he assumed a 6.5% average annual return for the Dow 30 for a … Continued
So far, Q3 ’19 earnings are following the normal pattern. One way to tell is to watch the “revisions” pattern for the SP 500 companies, week-by-week. The attached spreadsheet shows that with the 3rd week of SP 500 earnings releases, … Continued
Big numbers tend to be resistance for the key benchmark: back in 2014, the SP 500 traded through 2,000 and then the oil collapse started in Q4 ’14 and the benchmark traded back through 2,000 on the downside and really … Continued
As was covered yesterday in a broader blog post on sentiment around Q3 ’19 SP 500 earnings before the first full week of reporting begins, expectations around Q3 ’19 SP 500 are quite low – which per Bespoke – is … Continued
The 4-quarter or “forward 4-quarter estimate” for the SP 500 after rolling into October is $175.49, which now covers the period from Q4 ’19 to Q3 ’20. This compares to last week’s forward estimate of $170.58, which covered the period … Continued
The “forward 4-qtr estimate” next week (after the quarterly roll) will be $175.69, versus the $176.25 of two weeks ago. As readers can see, even looking out further than the typical earnings metrics, there is a natural degradation to the … Continued
FedEx (FDX) reports their fiscal Q1 ’20 after the closing bell on Tuesday, September 17th. 2019. The major Transport component gives investors a look into a number of major geographies, not the least of which is Europe and South East … Continued
While the Industrial-related SP 500 sectors are showing signs of a better 2020 (and this could change by early 2020), the overall SP 500 EPS trends remain little changed as we head into Q4’19. (This SP 500 earnings update is … Continued
The attached headline is from a Factset report dated August 12th, 2019, so with Friday’s “tariff tiff”, expect this only to get worse. The SP 500 put in a double-bottom or made critical lows on the following dates in … Continued