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
The headline on this week’s Thomson Reuters “This Week in Earnings” is that SP 500 earnings are +3.6% after 300 of the SP 500 have reported their 3rd quarter, 2016, results. Ex-Energy, SP 500 have grown +6.7%. About a month … Continued
Exxon-Mobil (XOM) and Chevron (CVX) report this coming Friday, and since Energy has been the biggest drag on the SP 500 in terms of earnings growth the last two years, and Exxon and Chevron constitute the lion’s share of the … Continued
Here is an interesting trend in HealthCare sector earnings growth revisions: Q3 ’17: +12.3% on 10/14 vs +12.0% as of October 1 Q2 ’17: +8.4% as of 10/14 vs +8.3% as of October 1 Q1 ’17: +8.0% as of 10/14 … Continued
It was one year ago almost exactly the SP 500 was in the midst of a powerful rally, after the China yuan devaluation, that started late July, 2015. The rally started on “nonfarm payroll Friday” in early October ’15, with … Continued
“The great advantage of having a reputation for being stupid: People are less suspicious of you.” Tom’s character from “4 Weddings and a Funeral” ————————————————————– One of the groups we’ve avoided for clients the last few years, has been … Continued
While we won’t start to hear most of the energy sector results until the last week of October ’16, Schlumberger (SLB) and Halliburton (HAL) report the week after next. Exxon (XOM) and Chevron (CVX) both report October 28th, 2016 or … Continued
Sector 16Q3 16Q4 Consumer Discretionary 4.1% 7.9% Consumer Staples 4.2% 9.4% Energy -66.6% 5.3% Financials 1.0% 15.1% Health Care 5.5% 8.3% Industrials -1.2% 2.0% Information Technology 4.5% 6.2% Materials 7.1% 19.2% Real Estate 1.3% 3.9% Telecommunication Services -3.8% 2.1% Utilities … Continued
Here is what Thomson Reuters and Factset are expecting for Q3 ’16 SP 500 earnings growth as of September 30 ’16: Thomson: -0.5% Factset: -2.1% Per Factset, this could be the 6th straight quarter of negative earnings growth for the … Continued
Because yesterday was quarter-end of 9/30/16, and Thomson Reuters cuts off the earnings data as of Thursday night, 9/29/16, the following “By The Numbers” data that will be reported will still be working off the forward 4-quarter estimate of Q3 … Continued