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Fundamentalis

Insightful market commentary from a fresh perspective.
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Semiconductors Looking Wobbly: Micron Estimate Revisions Sharply Negative Post Earnings

January 1, 2025 Brian Gilmartin Leave a comment

Bespoke put out a note on New Years Eve talking about the lousy action in semiconductors and the SMH (semiconductor…

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Posted in: MSFT, mu, SMH (semiconductor ETF)

Grim Decade for Bonds, but High-Yield Credit Wins in 2024

December 29, 2024 Brian Gilmartin Leave a comment

Here’s a decade-to-date total return chart for both the AGG ETF, and the Barclay’s US benchmark index courtesy of YCharts.…

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Posted in: 10-year Treasury yield, AGG, BASIX (Blackrock Income Fund), Corporate High Yield, Corporate HighGrade Bonds, High-Yield Credit, HYG, JMSIX (JPMorgan Income Fund), Treasuries

PE Contraction in ’25 Might Matter More, Ed Yardeni, Worry When the 10-year Treasury Yield hits 5%, Expect a Bumpier ’25

December 28, 2024 Brian Gilmartin 2 Comments

Ed Yardeni was featured on CNBC’s Morning “Squawk Box” with Brian Sullivan and Sara Eisen on Friday, December 27th, 2024,…

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Posted in: 10-year Treasury yield, 2025 expected stock and bond market returns, PE expansion / contraction, Weekly Earnings Update

Sold FedEx: Owned the Brand for Years; Defense and Some Old Tech Names Offer Better Opportunity

December 25, 2024 Brian Gilmartin Leave a comment

Last Friday morning, December 20, 2024, FedEx (FDX) was trading up $22 near $299 per share, after reporting their fiscal…

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Posted in: FDX

Nike Earnings Summary: Undervalued by 25% – 30%, But Wow has the Brand Dug Itself a Huge Hole

December 23, 2024 Brian Gilmartin Leave a comment

Nike reported their fiscal Q2 ’25 financial results last Thursday night, December 19th, ’24, and despite the tough guidance for…

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Posted in: NKE

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Fundamentalis

  • Updating the Non-Correlateds: Boeing and IBM Trying to Become Relevant Again
  • Hyperscaler Earnings Previews: Alphabet, Microsoft and Amazon – Maybe the Bearish Sentiment Will Help
  • SP 500 Earnings: FOMC Announcement, September PCE, and 3 Hyperscalers Report This Coming Week
  • SP 500 Earnings: SP 500 Earnings Yield Jumps Over 5%, Sold the EMXC
  • JPMorgan, Citigroup, and Bank of America Earnings Previews: Eventually a Return to More Normal Growth

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