It's apparently also the consensus of Wall Street.
It's apparently also the consensus of Wall Street.
Earnings Scorecard: Of the 25 companies in the S&P 500 that have reported earnings to date for Q3 2016, 20 have reported EPS above the mean estimate and 15 have reported sales above the mean estimate.
3rd Quarter S&P 500 Reporting
12 of 24 reported GAAP EPS above mean estimates
Igy
Lemons wrote: The consensus is that Hillary won the debate.
She absolutely won the debate.
The longer she can keep stifled the influence George Soros an his son will have on her presidency the better her chances of winning.
What about the other one?
Well I guess it boils down to whether one feels the non-GAAP is more reflective of reality. Personally the GAAP EPS is closer to the sales figure.
Igy
No, I meant the other company. Earnie's data appears to be more complete than yours, but you posted later.
No, I posted first and I will let you characterize which data is more complete.See my post below.Igy
Ghost of Igloi wrote:
3rd Quarter S&P 500 Reporting
12 of 24 reported GAAP EPS above mean estimates, 14 of 24 reported sales above mean estimates
Igy
I was referring to today's posts. Obviously Earnies is more complete since his covers more companies.
OK, one more company, but zero GAAP EPS. I'll let you weight what is more important?
Igy
Its good news that Hillary seems set to win this election over Trump. However, more broadly the debates show that it continues to be a race to the bottom for the two major parties. Hillary will win but she is not going to be popular. I foresee that Hillary will face an obstructionist congress that was as bad as it ever was under Obama. Congressional Republicans can cite the success of the libertarian party as justification. I predict nothing stimulative will happen until if and when things get a lot worst with the economy and crises emerge. That is just my view of the political situation as it relates to the stock market.
mellon wrote:
Lemons wrote: The consensus is that Hillary won the debate.She absolutely won the debate.
The longer she can keep stifled the influence George Soros an his son will have on her presidency the better her chances of winning.
High valuations and sub-par growth insure years of poor returns in the stock and bond market. Fed blance sheet, high corporate and individual debt set-up poorly for any President attempting to face up to the country's challenges. Political impasse and lack of will points toward the crisis you envision.
Igy
Those high valuation and growth numbers haven't led to poor stock market returns lately despite what you've been saying for months.
Sew U wrote:
Those high valuation and growth numbers haven't led to poor stock market returns lately despite what you've been saying for months.
Sew,
Let's check the record, I first posted on this thread 3/2/2015 and the Dow closed that day at 18,288. Today the market opened below that index level at 18,282.
So, Sew, your interpretation is incorrect.
Igy
Where did it close?
Sew,
The Dow closed today at 18,329. So, Sew, the index has advanced 41 points since 3/2/2015, or 19 months and 8 days. During that time corporations have spent $Bilions on stock buybacks while earnings have continued to decline.
You drink the cool-aide of "hopium" but the performance of the stock market has been poor.
Igy
It hasn't been poor. It's been setting record highs. Has it not?
Sew,
So, OK Sew, I will sell stocks to you and we will see who does better.
Igy
Why would I buy stocks at record high prices? Ask your financial planner about that. You could learn something.
Sew,
So, Sew, I was hoping to sell to you. So sorry Sew, I misunderstood your posts.
Igy