Because of the diminished long-terms returns-on-invested-capital and the inability for many commodity companies to build what Mr. Buffett and Morningstar call the “sustainable moat”, clients have never owned substantial positions in commodity companies for longer periods of time. Yes, Alcoa … Continued
It always fascinates me to see changes in the SP 500 earnings and revenue data and how it correlates to the actual index or market action. Was 2017’s 21.8% SP 500 index return discounting the 2018 “expected” EPS growth of … Continued
Every so often, readers are updated on the SP 500’s sector rankings in terms of market cap weight and earnings weight. What surprised me more than Tech’s 25% weighting currently (versus its all-time-high of 33% weighting in March, 2000) … Continued
While Energy is still lapping the very easy compares from 2016, the Financial sector is a big drag on Q3 ’17 earnings, with the key group showing earnings declines of -7.3% for Q3 ’17. Ex-Energy and Ex-Financials, the SP 500 … Continued
2019 est: +10% 2018 est: +12% 2017 est: +11% 2016: +1% 2015: -1% 2014: +8% 2013: +6% 2012 +6% 2011:+15% 2010 +40% This blog may be out with a few sector updates over the weekend (or maybe not) but tonight’s … 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
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
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
Year S&P 500 Ex-Energy Energy % 2014 118.78 113.77 4.2% 2015 117.46 104.89 10.7% 2016 118.32 117.36 0.8% Source: Thomson Reuters I/B/E/S The current estimate for 2017 as of this weekend is $131.07, which is 11% expected SP 500 … Continued