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By David Aurelio As the S&P 500's 19Q1 earnings season enters the final stretch, Broadcom, Inc. (AVGO) delivered a heavy blow to the Semiconductors and Semiconductor Equipment industry when it reported revenue below expectations and provided a cautionary warning related to U.S.-China t...
First, let's get to the S&P 500 Earnings metrics missed this weekend: Fwd 4-qtr est: $171.52 vs. $171.47 PE ratio: 16.7x PEG ratio: 3.63x S&P 500 earnings yld: 5.97% vs. last week's 6.23% Y/y growth of Fwd est: +4.7% vs. last week's +4.66% (Source: earnings data from IB...
On Friday evening, the Trump administration announced that planned tariffs on all imports from Mexico are "suspended indefinitely". After the president called off the tariffs, the State department posted a joint declaration on its website outlining a series of commitments. The New York Tim...
Investment Thesis I wrote a short article on the S&P 500 ( SPY ) a couple of months ago. While it seems I was early, we did see the market decline during the month of May before recovering recently. One could certainly make the argument that the equity market got ahead of itself during...
"Worst Week for Stock Markets since Christmas" (presumably Christmas '18). The headline is a Bloomberg quote caught while prepping the weekly S&P 500 earnings update, Saturday morning, June 1st. From a sentiment perspective, it does now seem like absolutely no one is bullish. These...
Just four weeks ago, I discussed that things were getting a little frothy in my article "S&P-500: Sentiment Getting Complacent," and discussed that it wasn't an ideal time to be starting new positions. Bullish sentiment was through the roof, less experienced traders were pressing their...
This blog post on the credit markets on May 5th gave the first reference to the S&P 500 being flat over the last 18 months. Let's flush out the numbers a little further: 1/26/18 high tick: 2,872.87 9/21/18 high tick: 2.940.91 5/1/19 high tick: 2,954.13 5/...
Despite the market volatility this week, with the S&P 500 falling 2.4% on Monday, May 13th, after President Trump's China tariff tweet, the 2019 and 2020 "bottom-up" EPS estimate "rate of change" again improved, for the second consecutive week. Here is what the data looks like: As read...
The S&P 500 is a little different from the other major stock indices around the world. For example, fully 75% of the revenues of companies in the FTSE100 come from outside the UK. This explains the inverse relationship of the index to the sterling exchange rate. A falling pound leads to fo...
Well, in a word, "yes" which should surprise no one. Back in the early 2000s, while writing for TheStreet, there was a fellow contributor by the name of Jordan Kahn, out of LA (Kahn Asset Management), who I thought was a good writer and investor. Jordan's framework or process involved the an...