How much variance is there around y/y EPS and revenue growth in the Energy Sector ? Here is the historical data: With the news that the market cap of Apple (AAPL) at 4.5% is now greater than the entire … Continued
Energy is now just 4.5% of the SP 500 market cap weight, down from a high of 15% in September, 2014, when crude oil was trading around $80 – $100 per barrel and just before the commodity tanked to $28 … Continued
Last week, the 2020 expected growth rates by sector were noted on the blog here. This week, what has caught my eye again, is that during a period when there is typically a slow erosion of forward estimates downward, the … Continued
It might be hardly worth mentioning but looking at the data every week, it’s important to distinguish sentiment from reality and for the Energy and Tech sectors there has been a little bit of softening in Q2 and Q3 ’18’s … Continued
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