TheS&P 500index hit 5,000 for the first time on Thursday, confirming a new record before falling below shortly after. The brief surge to a new all-time high came as investors reacted to multiple company earnings reports. Investors were also responding to the unemployment claims report. The S...
Positive earnings surprises reported by companies in multiple sectors were the responsible for the improvement in the earnings growth rate over the past week. Positive earnings surprises reported by companies in the Financials and Communication Services sectors, and upward revisions to EPS estimates for ...
In the runup to Q2 earnings, growth estimates were rising for the S&P 500. That has not been the case this time, with growth estimates continuing to fall in the weeks ahead of themajor earnings that began WednesdaywithJ.P. Morgan. Prior to the recent negative earnings revisions, there h...
Price-to-earnings ratioshows how much people are willing to pay as a multiple of earnings. When people are optimistic, the P/E ratio is high. When people are pessimistic, the P/E ratio is low. However, the overall ratio has some natural resistance points. A P/E of 10 means a 10% ...
Here is the “rate of change” for the forward SP 500 earnings curve: click to open / enhance / expand What’s interesting about this week’s data is not only do the revisions continue to be “less negative” but both the 2020 and 2020 annual estimates saw a positive revision for the...
earnings growth rate for the third quarter is 36.6% today, compared to an earnings growth rate of 32.6% last week and an earnings growth rate of 27.4% at the end of the third quarter (September 30). Positive earnings surprises reported by companies in multiple sectors, led by the Health ...
been compared to the Financial Crisis in 2008/2009. During that crisis, the S&P 500’s price fell for multiple quarters and didn’t rebound until around the time Core Earnings bottomed. Today, the market fell largely in one quarter and has soared since then, well before Core Earnings ...
The early S&P 500 consisted of mainly industrial firms, while technology firms (especially software companies) often have higher terminal income margins –that is, they produce more earnings per dollar of sales. Additionally, any multiple needs to take into consideration the prevailing interest rate....
Using data from theOctober 6hpublicationof the S&P 500 Earnings Scorecard, Q3 blended earnings (combining estimates and actuals) are forecasted at $464.6 billion (+1.3% y/y, +2.8% q/q) while revenue is forecasted at $3,761.0 billion (+0.9% y/y, +1.4% q/q). ...
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