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Tag Archives: profits
Not a Bubble; Earnings Are Rising Nicely
Stocks are behaving as I expected. On Jan 18 I highlighted “valuation levitation,” writing “the market senses that, with rates so low and dividends set to keep growing, investors could decide that stocks deserve a materially higher valuation despite slow … Continue reading
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Tagged jobless recovery, profits, stock market, stock market bubbles
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The Wisdom of Felix
The first installment of this year’s Barron’s Roundtable was weirdly muddled, with a lengthy back-and-forth about 2013 S&P 500 EPS that never ever mentioned a specific EPS estimate. When asked directly, “What is your S&P 500 earnings estimate for 2013?” … Continue reading
Q2 Profits Look Weak; Strategists Will Cut S&P EPS
In our July 9 post, Second Quarter Earnings – How Bad Will they Be?, we answered: Bad enough to compel strategists to eventually cut their 2012 S&P 500 EPS estimates from $103-$105 to $100. While $100 still seems reasonable, the tone … Continue reading
Second Quarter Earnings – How Bad Will They Be?
Wall Street strategists are forecasting 2012 S&P 500 EPS of $100-$105. After fairly good first quarter results, their estimates edged up toward $105, but macro deterioration has brought numbers down to around $103. My guess is that ultimately (i.e., next March) … Continue reading