BBMC News and Press, JPMorgan BetaBuilders U.S. Mid Cap Equity From 08/23/23

2023-08-23 20:05:00 ET Summary Nvidia became the highest price-to-sales (P/S) ratio stock in the S&P 500 at the end of March 2023 and up until mid-August 2023, returned a total of 52.6% compared to the S&P 500’s 8.7%. Our past research showed that the highest-multip...

2023-08-21 17:54:00 ET Summary The S&P 500 Index closed at a 2023 high on July 31, but since then the market is down -4.8% in the first three weeks of August. This year, fund flows have favored bond or fixed income investments. From a return perspective though, the market ...

2023-08-21 14:43:00 ET Summary Fitch Ratings' threatened downgrade of a dozen banks in the U.S., including JPMorgan Chase, underscored the growing risks on their balance sheets from the Federal Reserve's series of rate hikes. The rate hikes have resulted in the rapid accumulation ...

2023-08-21 06:30:00 ET Summary Services now represent 26% of Apple’s total revenue and is probably the reason the P/E multiple is expanding on the stock. The 10-year Treasury yield hovers very close to a multi-year breakout above 4.33-4.35%. The mega-caps and the tech s...

2023-08-16 01:39:00 ET Summary Q2 was a resilient quarter on the earnings front (again) which saw both a beat rate and an earnings surprise rate reaching a multi-quarter high. The ‘Magnificent-7’ saw Q2 earnings of $67.1 billion (+38.5% y/y, +11.4 q/q). All thing...

2023-08-15 03:25:00 ET Summary The LERI shows Q2 2023 ended with the highest level of corporate uncertainty in the last year. Retail in the spotlight this week: HD, TGT, TJX, WMT, ROST. Upcoming potential surprise: Salesforce (CRM). This week 1,1190 companies will release ...

2023-08-15 02:10:00 ET Summary As the year began much of the talk was centered around whether the U.S. economy would fall into recession in 2023. The year is only two-thirds done, but a recession does not seem likely this year, and our firm has been in the no recession camp since ...

2023-08-14 19:45:00 ET Summary The S&P 500 (Index: SPX) experienced an uneventful week, with little new information to prompt a compelling swing in any direction. What news there was led to the index dipping to 4464.05, a week-over-week decline of 0.3%. That's well within ...

2023-08-14 16:49:00 ET Summary The October ’22 highs for the 10-year Treasury yield were 4.22% – 4.25% those are closing highs. The S&P 500 earnings yield increased to 5.19% versus last week's 5.15%. Growth stocks look to have a wet blanket thrown on top of t...

2023-08-08 22:20:00 ET Summary Important to the Fed: Tighter lending standards, sticky US wage growth, and moderating job growth, may weigh on a September Fed rate decision. Some negatives: US credit downgrade, more signs of global manufacturing weakness, and a Bank of England rat...