There is actually a ton of good data to write about this week, but the content will be doled out in a few separate posts. With WalMart’s earnings report due this coming week, Q2 ’17 earnings come to an unofficial … Continued
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
Everyone and their brother is commenting on q2 ’17 SP 500 earnings results, and the numbers so far look good. Revenue “upside surprise” (i.e. the revenue “beat rate”) is north of 60%, probably aided somewhat by the very weak dollar … 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
Per Thomson Reuter’s “This Week in Earnings” (by the numbers) as of 7/7/17: Fwd 4-qtr estimate: $139.21 P.E ratio: 17.5(x) PEG ratio: 1.82(x) SP 500 earnings yld: 5.74%, nice increase over last week’s 5.56% Year-over-year growth rate of fwd est: … Continued
Interest Rates: The yield on the 10-year Treasury rose 15 bp’s this past week, a sizable move relative to the last few years. The yellow line is the 10-year Treasury yield and it looks to be headed higher. The Quarterly … Continued
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