Posts filed under “Earnings”

S&P 500 Index with Share Weighted Earnings Average

S&P 500 Index with Share Weighted Earnings Average YoY Gain/Loss


From Fusion’s Kevin Lane:

“The lower chart panel at bottom tracks the share weighted average earnings (gain or loss) for each quarter on a YoY basis for S&P 500 Index companies.

For instance, @ present, with a bit more the 1⁄2 the companies reporting, S&P 500 earnings YoY (on a share weighted basis) are only up 3.3 %. The shaded green blocks show areas where YoY share weighted earnings were positive (> 0 %), while the red shaded blocks show areas where YoY share weighted S&P 500 earnings were negative (< 0%). Note the red areas were 2001-2002 and 2007,2007 and into 2009, all challenging times for the market (2009 portion). That said, we are very close to tilting back into the negative zone, though we suspect a majority of S&P 500 poor earnings are out of the way, paving the way for this number to improve a bit. However given its proximity to negative YoY territory we have to remain vigilant, especially with market technicals weaker of late.”


Category: Earnings, Markets

Time to Reduce Equity Exposure . . .

All this week, I have been discussing why I thought we may be coming to an end of the cyclical bull market that began in March 2009: Listen to Ritholtz Sees “Major Cyclical Correction” from Tuesday morning, and watch this and this from Thursday. I have cut back on some major holdings, and raised our cash…Read More

Category: Earnings, Economy, Investing

The Earnings Minefield

Sica Wealth Management President Jeff Sica, Beacon Economics Founding Principal Christopher Thornberg, and Bianco Research President Jim Bianco discuss the earnings season slaughter. They speak with Cory Johnson and Trish Regan on Bloomberg Television’s “Street Smart.”

The Earnings Minefield: How to Protect & Profit

Source: Bloomberg, Oct. 23 2012

Category: Earnings, Video

Here Comes Earning Season !

Source: Bianco Research   Don’t look now, but a hotly anticipated — and in some quarters, feared — earnings season is upon us. Of the first 25 “real” companies reporting, things have actually been pretty decent. The counter is that these are banks (JPM, WFC), who are much freer in the leeway in their returns,…Read More

Category: Corporate Management, Earnings

Michael Belkin Predicts 40% Stock Market Drop

Hedge Fund Consultant Michael Belkin spoke at The Big Picture conference, predicting a 40% stock market drop in the coming 12-15 months. Belkin joins Sam Mamudi to discuss his case for a market drop.

10/15/2012 1:43:26 PM4:14

Category: Cycles, Earnings, Video

GE’s Jack Welch Knows About Cooking the Books

  Of all the people who have something to say about the BLS, none is more unintentionally ironic than former GE CEO Jack Welch. I have long stated that Jack welch was one of the luckier, more wildly over-compensated CEOs around. He became CEO of General Electric in 1981, just before an 18 year bull market…Read More

Category: Corporate Management, Data Analysis, Earnings, Really, really bad calls

Earnings Recession?

Click to enlarge: Source: Bloomberg     Markets are screaming higher today on the prospects of ECB/FOMC action. The concern whent hat wears off is what ahppens with Q3 & Q4 profit. UBS chief U.S. equity strategist is concerned about an “Earnings Recession” coming to the US, as illustrated in the chart above. The Standard…Read More

Category: Earnings

Merrill: Downward Revisions Slow

Two nice looks at the long — and even longer — term Earnings Revision Ratios from Merrill Lynch:     Click to enlarge:   Source: BofA / Merrill Lynch Revision Ratios September 09, 2012

Category: Corporate Management, Earnings

Meb Faber: Buy Cheap Cyclically Adjusted P/E (CAPE)

Cyclically Adjusted P/E Click to enlarge:     Meb Faber of Cambria Investment Management looks at 10 years of earnings. Based on a methodology developed by Yale University Professor Robert J. Shiller, Faber concluded from an analysis of cyclically adjusted price-earnings ratios, designed to minimize the effect of economic swings on profits. Cyclically adjusted P/E, also known as CAPE,…Read More

Category: Earnings, Quantitative, Technical Analysis, Valuation

Stocks Near 5-Year Highs Despite Worst Earnings Season Since 2009

Source: Yahoo

Category: Earnings, Video