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The “forward 4-qtr estimate” as of Friday, May 28th is $190.94 vs. $190.50 last week and $159.02 as of 12/31/20. The forward estimate has jumped $30 since December 31. The S&P 500 earnings yield on the forward estimate is 4.54% vs. 4.58% last week and 4.23% as of 12/...
We are seeing a rotation out of the larger stocks and into smaller and midcap niche stocks, which is where I’m starting to put some money. GILD is likely to remain a cash cow for the foreseeable future and that it is possible that it is a bargain at or near current price levels...
It's hard to fathom the strength of earnings these last 3 quarters, since the persistence of upward revisions and the y/y growth rates are pretty much unprecedented. "Peak growth rates" for the sectors with easy compares to 2020 today - like retail, like airlines, like energy, like au...
Expected Q1 '21 S&P 500 EPS jumped 500 bps this past week, from 25% to 30%, probably thanks to financials given the powerful "upside surprises" we saw. The forward 4-quarter estimate rose to $184.05 this week from $183.34 last week. The S&P 500 earnings yield is 4.40% this...
S&P Dow Jones Indices recently reported stock buyback results for the fourth quarter of 2020 noting a 28.2% increase in the quarter versus the third quarter increase of 14.8%. Aggregate dividends paid in Q4 2020 increased to $118.84 billion versus $115.54 billion in the third quar...
There is always an "it's different this time" story as to why the resurgence will or will not happen, but history is on the side of value investors after more than a decade of severe underperformance. The outlook for value is positive both from a valuation starting point and a likely ...
This week, IBES published the 2022 quarterly bottom-up data and the forward 4-quarter estimate jumped to $183.34 vs last week’s $175.54. 8.8% revenue growth and 25% EPS growth currently expected for S&P 500 for Q1 ’21, pretty healthy growth for the main benchmark. ...
The expected 21Q1 earnings growth rate is currently 24.2%, which has increased from 16.0% at the beginning of the year. All but two sectors have seen positive revisions to 21Q1 growth expectations since the beginning of the year. In 2021, we expect to see a year of high expectatio...
With the turn into the new quarter on April 1, normally IBES by Refinitiv provides the “bottom-up” quarterly estimates for what is calendar 2022; however, they did not provide that data on either April 1 or April 2, last week. While revenue growth has stalled for now, th...
Stocks haven't made a lot of headway since the February peak despite a lot of volatility. But Powell's promise of continued "easy money" certainly didn't hurt. The question that financial markets wanted answering was just how much of a decline in asset prices the Fed will tolerate bef...