PY News and Press, Principal Shareholder Yield Index ETF From 02/23/24

2024-02-23 19:25:00 ET Summary The forward 4-quarter estimate (FFQE) this week increased to $242.76 from last week’s $242.57 and January 5th’s print of $243.98. The P/E on the FFQE is 21x, versus 20.7x last week, so we continue to see a little P/E expansion. The ...

2024-02-23 02:25:00 ET Summary The factors we are most concerned about in 2024 will move investors in a new direction. First, we are concerned about the pace of Federal Reserve (Fed) easing in 2024. If growth continues, and we avoid a recession, we believe sales growth, profitabil...

2024-02-21 14:56:00 ET Summary The Magnificent Seven stocks (Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta, and Tesla) have been the largest driver of equity returns in recent years and were again the dominant contributors in 2023, accounting for more than half of the market increa...

2024-02-20 19:45:00 ET Summary International equities were generally lower yesterday, while US markets were shuttered in observance of President's Day. The US is continuing the negative tone today, with the S&P 500 down roughly 50 bps as of this writing. Assuming the decli...

2024-02-18 19:25:00 ET Summary Nvidia reports Wednesday, 2/21/24 after the closing bell. Per Briefing.com, Street consensus expects $4.59 in EPS on $20.4 billion in revenue. Walmart reports Tuesday morning, February 20, 2024, before the opening bell. S&P 500 forward 4-quar...

2024-02-14 12:30:00 ET Summary On average, US equity returns have tended to be strongest in January, compared to the other 11 months of the year. When the S&P 500 Index rises in January, full year returns have tended to be positive, leading some to call January a performance p...

2024-02-13 01:40:00 ET Summary Earnings haven’t been consistently rewarded in equity markets recently. That could change faster than you think. When seven giant stocks dominate returns, it’s hard for active managers to outperform the market. We think the pendulum...

2024-02-12 04:47:00 ET Summary For the week just past, the S&P 500 was up 1.4%. Even though Magnificent 7 stocks continue to lead the market higher, market participation is broadening out, which is a healthy sign. The ProShares Bitcoin Strategy ETF took the top spot on the...

2024-02-10 00:55:00 ET Summary On the way to achieving another one of those round-number milestones so beloved by the financial media talking heads, it was the usual mega-cap stalwarts leading the way. Meta (Facebook) and chipmaker Nvidia have been particular standouts on the road...

2024-02-09 19:20:00 ET Summary The forward 4-quarter estimate for the S&P 500 rose actually increased this week to $242.77 from $241.97, probably a lot due to Amazon, Meta and Apple reporting the night of February 1. The P/E on the FFQE is 20.7x this week versus 20.5x last wee...