Posts filed under “Analysts”

S&P 500 Index at Inflection Point

Dr. David P. Kelly of JP Morgan Asset Management quarterly deck is out. Its a regular favorite of mine, laden as it is with great charts that look at the very long term.

You can download the entire 69 page deck here.

 

click for ginormous chart

Source: JP Morgan Funds

Category: Analysts, Data Analysis, Investing, Markets

4 Companies Provided Half of SPX 2012 Earnings Growth

Source: Adam Parker, Morgan Stanley   Today’s absurd datapoint comes from Slate’s Moneybox: 88% of the S&P500 earnings growth for 2012 came from just 10 firms. Just four companies—Apple, AIG, Goldman Sachs, and Bank of America—together provided a majority of overall earnings growth among large-cap companies.   Source: Four Companies That Together Provided Most of…Read More

Category: Analysts, Earnings

QOTD: Housing Recovery

I moderated a few panels at the PEW conference in DC this summer with Sheila Bair — and the stand out to me was Laurie Goodman. I think this quote today sums up the Housing recovery meme perfectly:   “While we have seen many dramatic headlines touting the housing recovery over the past 3.5 years,…Read More

Category: Analysts, Real Estate

Sell Side Indicator Still Shows Extreme Bearishness

Wall Street pays QE3 no mind Source: Merrill Lynch   Merrill Lynch’s Equity & Quant Strategist, Savita Subramanian, notes that Wall Street is still excessively bearish, and that this remains a reliable contrarian indicator: The Sell Side Indicator is based on the average recommended equity allocation of Wall Street strategists as of the last business…Read More

Category: Analysts, Data Analysis, Psychology

UBS: Not All Municipalities Are the Same

In light of the California bankruptcies and the usual belated downgrades comes this nice overview on Municipalities from UBS analysts Thomas McLoughlin and Kristin Stephens, titled Municipal Bonds: City credit quality reconsidered. They did a screen of credit quality via the Merritt Research database of 284 cities, and note come to the oft overlooked conclusion…Read More

Category: Analysts, Credit, Fixed Income/Interest Rates

The Occasional Yin and Yang of Research

Two reports from different wirehouses caught my eye yesterday due to their amazing Yin and Yang nature. First up, the always excellent Equity & Quant Strategist at BAML, Savita Subramanian (the Yin), issued a report titled Wall St. Proclaims the Death of Equities. The report discusses the firm’s proprietary sell-side indicator, which has reached near…Read More

Category: Analysts, Data Analysis, Earnings, Investing, Markets, Research

Picture Guide to Financial Markets Since 1800

Equity prices & bond yields since 1900   I don’t often give props to big Sell Side firms, but today I must make an exception. Merrill Lynch’s Equity Strategy group put out The Longest Pictures: Picture Guide to Financial Markets Since 1800 this week. Its a 102 page doozy looking at every asset class and country going back…Read More

Category: Analysts, Investing, Markets

Facebook Analyst Coverage: Meh!

6 Buys, 3 Neutrals Average Price Target = $39 BofA/Merrill – Neutral – $38 PT Goldman Sachs – Buy – $42 PT Oppenheimer – Outperform – $41 PT JPMorgan – Overweight – $45 PT Piper Jaffray – Overweight – $41 PT Wells Fargo – Outperform – $37-$40 Range Credit Suisse – Neutral – $34 PT…Read More

Category: Analysts, IPOs, Valuation

So much for fair and timely disclosure for everyone…

*MOODY’S DOWNGRADE WILL INCLUDE 5 U.S. BANKS SAYS CNBC *CNBC SAYS B OF A L-T DEBT RATING TO BE CUT BY 1 NOTCH BY MOODYS *CNBC SAYS CITI, JPM AND GS L-T DEBT RATING WILL BE CUT 2 NOTCH *DOWNGRADE OF BIG GLOBAL BANKS FROM MOODY’S IMMINENT:CNBC

Category: Analysts, Credit, MacroNotes, Think Tank

Quick Look at Guidance & Earnings Revisions

A few interesting charts from Merrill looking at revisions:   Click to enlarge: ˜˜˜ ˜˜˜ Source: BofA Earnings Season Update 1Q12 Earnings Wrap-up 29 May 2012

Category: Analysts, Data Analysis, Earnings