CNBC’s Fast Money had Tom Lee on Thursday night, who I think is an outstanding strategist, and while it was a puzzling interview (Tom was positive on all the sector that were the heaviest weights in the SP 500 like … Continued
The technicians and chart watchers are keyed on the Nasdaq 100 and the QQQ’s the last few weeks, as the index has sold off hard (not surprising given the run up the large-cap and mega-cap Technology stocks have had this … Continued
Thomson Reuters Data (by the numbers): (Source: This Week in Earnings, dated 6/9/17) Fwd 4-qtr estimate: $134.82 vs $134.82 from last week P.E ratio: 18(x) PEG ratio: 1.93(x) SP 500 earnings yield: 5.54% vs. 5.53% last week Year-over-year growth of … Continued
It was somewhat surprising to hear/read Larry Fink, the BlackRock CEO make a comment on Q2 ’17 earnings, although it was unclear whether he was talking Blackrock’s (BLK) results as a firm, or the economy / SP 500 in general. … Continued
B_I_G_Tips_-_It_s_About_Time_-_Equities_Overtake_Treasuries (4) This blog has written many times about Bespoke’s quality research and this week Bespoke and Paul Hickey and his staff proved it once again with the above graph. The SP 500’s current bull market is 8 years old, … Continued
To cut to the chase, here is the chronological progression of the SP 500’s forward growth rate: 5/5/17: +9.8% 4/28/17: +8.2% 4/21/17: +8.3% 4/14/17: +8.3% 4/7/17: +8.3% 3/31/17: +6.06% 3/24/17: +8.96% To be frank with readers, I’m surprised at the … Continued
In two words, SP 500 forward earnings look “pretty good”. Per Thomson Reuters “This Week in Earnings” Q1 ’17 SP 500 earnings have grown +13.6%, but against an easy compare from Q1 ’16, with 288 SP 500 companies having reported … Continued
Ironic that the SP 500 and the major equity indices are correcting – with the SP 500 falling below its 5-day moving average this week – for the first time since the Presidential election, in front of what will likely … 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
Technology was the clear winner in Q1 ’17 according to this link from Ed Yardeni (dated 3/30/17) YardeniSP500perf’17YTD33117, with the SP up roughly 6% on the quarter. Financials were white hot after the election last November, while Tech remained punk through … Continued