With 494 of the SP 500 companies having already reported 4th quarter, 2012, financial results, this coming week will be quiet from an earnings perspective, as we await the flood of q1 ’13 financial releases, which begin Tuesday, April 8th, … Continued
Fundamental Commentary: although we updated the valuation and near-term fundamentals with yesterday’s chart on Intel, the posting of the weekly chart, necessitates a little more commentary. Our fundamental spreadsheet on INTC goes all the way back to the mid 1990’s, so we … Continued
Gary Morrow’s chart of Intel is attached. His technical commentary will follow. Fundamentally, 2012 was the worst year for PC sales since 2001, and the 4th quarter was worst quarter of the year, for a myriad of reasons we won’t discuss … Continued
Here is a chart of the National Municipal Bond ETF (MUB) as of Friday, 3/22/13. With all the higher taxes in 2013, especially the Affordable Care Act, Social Security, etc. etc. you would think the municipal market would be … Continued
According to ThomsonReuters, the “forward 4-quarter” earnings estimate for the SP 500 as of Friday, March 22nd, 2013 was $111.88, down from last week’s $111.96 and down exactly $2.00 from the start of the quarter, which actually – in terms of … Continued
The chart is a couple of days old, but FB finished the week of March 22nd at $25.73, down 3.5% on the week, and about to touch its 200-day moving average. The excellent technician Gary Morrow, a long-time friend … Continued
Bank of America (BAC) has edged above its 200 week moving average on the above chart and greatly improved its technical underpinnings. One of the reasons for the technical improvement (we think) is that BAC is a de facto … Continued
We thought Micron would report Monday night, March 18th, per the ThomsonReuters data, but in fact MU reports Thursday night, March 21st after the close. We havent owned the stock in years. Analyst consensus is looking for a loss of $0.20 … Continued
The “forward 4-quarter” estimate for the SP 500 as of Friday, March 15th, 2013 was $111.96, down a whopping $0.06 on the week, and down $1.92 since we rolled into the first quarter, 2013. The p.e ratio on the forward … Continued
According to ThomsonReuters, the “forward 4-quarter” earnings estimate for the SP 500 fell $0.37 this week, from $112.39 to $112.02. Given the SP 500’s 2.17% increase for the week, the p.e ratio for the SP 500 as of Friday, March … Continued