The SP 500 “earnings yield” jumped to 7.49% this week, with the 15% decline in the SP 500. Trouble is, the current consensus probably cant be taken seriously. Coca-Cola came out Thursday night and said that their guidance in late … Continued
Even with the late-day surge on Friday, the SP 500 ended the day with an SP 500 “earnings yield” of 6.37%, not nearly as attractive though as the yield from Thursday night, March 12th, which (using the forward 4-quarter estimate … Continued
Trying to write an entire blog post without mentioning the “c-word” is tough these days but watching full-year “expected” SP 500 2020 sector growth rates is the one way (in my opinion) to gauge on a week-to-week basis how the … Continued
The week ended February 15th, 2020, saw the SP 500 earnings yield slip to 5.20%, which as was noted on this blog here, was worth watching. The recent multi-year high for the SP 500 earnings yield was 7% during Christmas … Continued
Don’t know the person that tweeted this, but the quote is supposedly from Stanley Druckenmiller, a well known and successful hedge-fund manager. No question there is some truth to this, as (I would think) liquidity creates opportunities for growth … Continued
The SP 500 earnings yield has retreated again down to close to 5% at 5.20%. This level is always worrisome. Here is the article from last December ’19 on the low SP 500 earnings yield. ————— SP 500 Earnings data … Continued
Great graph from David Aurelio of IBES by Refintiv on SP 500 subsectors seeing an earnings revision impact, some of which is undoubtedly due to the coronavirus. Here is the typical chronological table from IBES showing the … Continued
Source: “This Week in Earnings”, IBES by Refinitiv To cut right to the chase, the overall “estimated” SP 500 earnings growth for 2020 fell about 1/2 of 1% in January, 2020, which, if we annualize, puts the expected 10% SP … Continued
Apple (AAPL), Facebook (FB) and Microsoft (MSFT) report their December, 2019, quarter this week, and given the importance of the stock’s to the indices, the results will be closely watched. 141 SP 500 components are expected to report their Q4 … Continued
Client meetings since January 1 have kept the blog posts at a minimum. Two consistent questions from clients: 1.) How long can this last ? (i.e. SP 500 strength), and 2.) Is a recession coming ? In my own opinion, … Continued