According to Thomson Reuters, “This Week in Earnings”, the forward 4-quarter estimate was $122.56, versus last week’s $123.49.<\/p>\n
The p.e ratio on the forward estimate is 17(x).<\/p>\n
The PEG ratio is 29.5(x), or Ex-Energy, just over 3(x) and still elevated.<\/p>\n
The SP 500 earnings yield is 5.79%.<\/p>\n
The y\/y growth of the forward estimate is just barely positive at 0.59%, down slightly from last week’s +0.61%, neither confidence-inspiring, from an investing perspective.<\/p>\n
This week’s TWIE was dated last night, April 23rd, which means it likely missed all the positive earnings news from Amazon, Google and Microsoft (long all these names).<\/p>\n
Q1 ’15 earnings are almost exactly where it was thought they would be with 200 of the SP 500 having reported as of Friday, April 24th, 2015.<\/p>\n
I expect the Ex-Energy 5.1% growth rate to drift higher over the next 2 – 3 weeks and possibly move up to 7%, depending on how Wal-Mart and retail reports. (Long WMT).<\/p>\n
My own opinion is that Q1 ’15 will be another decent quarter of earnings, with a drag from Energy and Basic Materials.<\/p>\n
Technology, Health Care, and Consumer Discretionary have the best Q1 ’15 earnings. Financials are strong too, with Bank of America distorting the sector.<\/p>\n
Retail has sold off the last two weeks. I like that sector too from a risk-reward perspective.<\/p>\n
More to come over the weekend.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to Thomson Reuters, “This Week in Earnings”, the forward 4-quarter estimate was $122.56, versus last week’s $123.49. The p.e…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152,90,110,55,1,91,4],"tags":[],"class_list":["post-4763","post","type-post","status-publish","format-standard","hentry","category-amazon","category-apple-aapl","category-googl","category-msft","category-uncategorized","category-weekly-earnings-update","category-wmt"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/4763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4763"}],"version-history":[{"count":2,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/4763\/revisions"}],"predecessor-version":[{"id":4765,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/4763\/revisions\/4765"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}