In prepping to write this weekly update, the SP 500’s “forward earnings yield” at 5.28% is as low as I’ve seen it post 2008. Yes, that’s a long time. The lowest I’ve seen it prior to this is the week … Continued
The “forward 4-quarter estimate” in terms of it’s 1-year change % or y/y growth, looks to have bottomed on November 1 ’19. This number has been declining since late September ’18, and peaked the week the SP 500 topped … Continued
The top 10 market cap weights in the SP 500 comprise 23.6% of the SP 500. According to Morningstar, here is the top 10 positions in the SPY by market cap as of 12/12/19: 1.) Apple: 4.47% 2.) Microsoft: … Continued
FedEx (FDX) the transport giant reports their fiscal Q2 ’20 financial results after the bell on Tuesday, December 17th, with consensus Wall Street estimates being $2.76 in earnings per share (EPS) on $17.58 billion in revenue for expected year-over-year declines … Continued
For 2019 YTD: SP 500: +28.75% Barclays Agg: +8.70% Gold (GLD): +14.68% (Morningstar data) (Source: @CharlieBillelo’s Twitter feed) In terms of the SP 500 and the US equity markets, clients are being told to expect still positive but lower returns … Continued
This “forward estimate 1-year chg %” continues to tell the right story thus it will continue to be shown every week, after bottoming the week of 11/1/2019. That +0.06% -year change in the forward estimate on 11/1/19 was the … Continued
Usually earnings previews are written over on Seeking Alpha but Oracle’s (ORCL) story is well known and the fact is I could have written the same earnings preview the last 4 quarters and just copied it forward each time, updating … Continued
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
First order of business this week is to relay to readers a note received this past week, from John Butters, the Factset principal behind Factset’s weekly “Earnings Inisght” report. John sent me an email this week, saying that Factset did … Continued
The two sectors highlighted in heavy black borders are the sectors which are seeing higher estimated earnings growth revisions of late, or at least in the case of the Consumer Discretionary sector, higher estimates growth rates over the last … Continued