Here was the forecast for Q3 ’16 at the start of Q4 ’16. Per Thomson Reuters, which is my primary earnings data provider, actual Q3 ’16 earnings grew 4.3%, but Ex-Energy, SP 500 earnings grew 7.9%. Pretty good growth. For … Continued
A couple of corrections for readers: Q3 ’16 Sp 500 earnings are up +3%, and NOT +3.6% as was detailed in yesterday’s headline; In the October 2nd blog post linked yesterday, this sentence, “If we add or average the Thomson … Continued
Per the Thomson Reuters data, here is how the Technology sector’s expected quarterly growth rate has changed over the last few weeks: Q1 ’17: +14.6% vs +14% as of July 1 ’16 Q4 ’16: +4.7% vs +4.2% as of July 1 … Continued
Looking at the change in “expected” sector growth rates for Q2 ’16, Technology is the clear winner, and the fact is Apple has a lot to do with that. No question the big dog in the yard, has made his … Continued
And that is the $64,000 question. The SP 500 stopped inches short of the record close from May 21 ’16 of 2,130.82. The first 6 months of 2016 have seen a powerful recovery in commodity prices, which should alleviate the … Continued
An oft-used analogy for many circumstances, “Waiting For Godot” seems the perfect analogy for the anticipated faster earnings growth from the SP 500, which we have yet to see. My apologies to all, since I haven’t read the play since … Continued
SP 500 Earnings data “by the numbers”: (source Thomson Reuters “This Week in Earnings”): Forward 4-quarter estimate: $120.95 versus $121.23 P.E ratio: 16.5(x) PEG ratio: 14.5(x) and continues in nosebleed territory given 1% – 2% y/y EPS growth rate SP … Continued
Has anyone else noticed how volatile the first quarter has been the last 3 years ? In 2014, it was Russia driving tanks into Ukraine, the Venezuelan devaluation and profit-taking after the 32% increase in the SP in 2013. In … Continued
Meant to publish this earlier this week… Which sectors have improved in terms of Q4 ’15 earnings growth since Jan 1 ’16 ? (First column is expected Q4 ’15 earnings growth as of Feb 9, the second data set is … Continued
Within the SP 500 there are 10 sectors that comprise the key benchmark, and it remains my preferred way of dissecting the market for clients, and giving clients an orderly structure or framework to think about the giant morass that … Continued