April 11, 2021 | Daily JAM, Friday Trick or Trend, Long Term, Volatility, You Might Have Missed |
Based on existing analyst forecasts for earnings in all of 2021, the S&P 500 trades at almost 24 times estimates, among its highest valuations ever. To bring the multiple down to its long-term average of 16 times annual profits, companies in the gauge will have to make about 15% more than the equity researchers currently expect them to earn — in 2023.
February 8, 2021 | Daily JAM, Mid Term, You Might Have Missed |
Stocks climbed for a sixth straight day–the longest string of gains for the Standard & Poor’s 500 since August and with the Dow Jones Industrial Average turning in its best start for a February since 1931. The S&P 500 finished the day ahead 0.34% and the Dow gained 0.76% on the session. The NASDAQ Composite was up 0.95% and the NASDAQ 100 added 0.67%. The biggest winner for the day was the small cap Russell 2000, which gained 2.53% on strength in bank stocks and hope for more growth in the general economy. Oh, and the hope for $1,400 checks to individual Americans, hundreds of billions of dollars in state and local aid and enhanced federal unemployment benefits. And continued progress on the Covid-19 vaccination program. All this means, in my opinion, that the currently stretched valuations in this stock market are likely to get even more stretched in the coming days and weeks.
January 18, 2020 | Daily JAM |
... a very important mid-week pivot from bank earnings reports to the beginning of earnings season for technology companies. Wednesday, January 22, brings fourth quarter earnings reports from Netflix (NFLX), an important stock for setting sentiment on momentum...
April 19, 2019 | Daily JAM |
On April 16, Johnson & Johnson beat Wall Street estimates by 6 cents a share. Revenue for the first quarter of 2019 climbed 0.1% to $20.02 billion, above the $19.55 billion projected by Wall Street.But the results really reflected the very different fortunes of the company’s stagnant consumer business and its strongly growing drug business.
December 5, 2018 | C, Daily JAM, Mid Term |
At a time when we're worried about whether companies can deliver even low currently projected earnings growth in the fourth quarter of 2018 and for 2019, this wasn't what investors wanted to hear from Citigroup (C) yesterday. The big banks will dominate the early days...
December 5, 2018 | Daily JAM, Mid Term |
Everyone's agreed that the growth rate for U.S. earnings will drop in 2019 from 2018. They're just not agreed on by how much. Yesterday I noted that Yardeni Research sees Wall Street estimates for earnings growth by the S&P 500 companies dropping to just 8.5% in...
February 28, 2018 | Daily JAM |
Share buybacks surged to hit record levels in the fourth quarter of 2017. U.S. companies announced $178 billion in buybacks in the quarter. That’s the largest total announcement of share buybacks in a single quarter on record, according to Birinyi Associations. Wall Street analysts are projecting that 2018 as a whole will set a record for buybacks in a year.
October 23, 2017 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. It includes items like this from today: “10:40 a.m.: A teardown by iFixit showed that the Visual Core chip from Google’s new Pixel 2 phone is built on an Intel (INTC) chip. A Google spokesperson told CNBC that the “Pixel Visual Core is a custom designed process from Google” that the company built “with Intel.” Google also confirmed the Alphabet’s Wayne self-driving technology uses Intel chips.
October 22, 2016 | Daily JAM, Friday Trick or Trend, Short Term |
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May 1, 2016 | Daily JAM, Friday Trick or Trend |
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April 2, 2014 | Uncategorized |
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June 7, 2013 | Daily JAM |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...