Earnings
Chinese Economic Concerns Are Overdone
The traditional economic indicators are no longer as relevant as people think, and China’s condition may not be as bad as most fear.
Earnings Momentum
The second month of Q2 earnings reports registered an Up/Down Ratio of 1.17. This “two-month” figure is the third lowest since mid 2009.
Earnings Momentum
Up/Down Earnings: Dismal Start To Q2
A Kind Word For “Forward Earnings”
Our criticism of the widespread trust in “forward earnings” has sometimes been harsh, but consider the following: the latest 12-month forward EPS estimate for the EAFE index is $122.71, virtually matching the forward estimate that was made in January 2006.
Earnings Momentum
Up/Down Earnings: Q1 Finishes Substantially Below Average
Earnings Momentum
The second month of Q1 earnings reports registered an Up/Down Ratio of 1.27. Following the theme from last month, this “two-month” score is well below average.
Earnings Momentum
The first month of Q1 earnings for 2015 registered an Up/Down Ratio of 1.63. After three consecutive above average quarters, the ratio did a swan-dive deep into below average territory.
Earnings Momentum
The final month of Q4 earnings reports registered an Up/Down Ratio of 1.48. If you recall, we entered the final month of earnings with a well above average, two-month ratio of 1.67. On a stand alone basis, March had a very weak ratio of 1.06.
Earnings Momentum
Up/Down Earnings: Ratio Still Above Average
A Quick Check On Global Fundamentals
The Street’s most clever invention is “12-month forward operating earnings” because the stock market invariably appears cheap on the basis of such inflated estimates.
Earnings Momentum
Up/Down Earnings: Solid Start With Q4 Reports
Earnings Momentum
Up/Down Earnings: Above Average Final Number For Q3.
Earnings Momentum
Up/Down Earnings: Two Month Reading Slumps To Average
Earnings Momentum
Up/Down Earnings: Best One Month Reading Since Q2 2011
Earnings Momentum
Up/Down Earnings: Highest Third Month Reading Since Q1 2012
Earnings Momentum
Up/Down Earnings ratio cools off in August.
Earnings Momentum
Up/Down Earnings: Q2 Starts Off With A Bang
Earnings Momentum
Easy earnings growth days are behind us.
Earnings Momentum
The second month of Q1 earnings reports registered an Up/Down Ratio of 1.16. This is far below the long term “two-month” average of 1.52, and ties the lowest “two-month” result since 2009.
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March 2026 Issue
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March 2026 Issue
