P/E
Small Cap Outperformance: More Questions Than Answers
Small cap out performance so far in 2008 is baffling. Earnings growth has been weak relative to large caps and valuations are still excessive. Interestingly, EAFE Small Cap Index is underperforming, while its U.S. counterparts are doing well.
Stock Market In High Inflation Environments
High Inflation typically is NOT a good environment for stocks, but we don’t believe the CPI will move to the “high” inflation environment.
High P/E Stocks: Becoming A Safe Place To Hide?
Value continues to have leadership position over Growth among Large Cap stocks. Mid Caps also shifting to favor Value, but Growth still leading in the Small Cap tier.
The Homebuilding Group – Value Play Or Value Trap?
Everybody sure hates the Homebuilders. However, contrarians should take note of this month’s analysis of earnings prospects, insider selling/buying, and the outlook for future housing starts. Now is not the time to be bottom fishing here.
Health Care's Top 20 Stocks
Highlight on the Health Care sector: Relative Valuations, Top Twenty Components, P/E Ratios, PSR, and Gross Profit Margins.
Tech Watch Revisited – Examining The Bullish Case For Info Tech
Technology continues to be a hot topic. This month’s “Inside The Stock Market” takes an objective look at the Tech sector.
Further Upside In Integrated Oil?: Analysts’ EPS Estimates Still Appear Too Conservative
Revised forecasts again appear to be too conservative given prevailing spot and futures prices.
Sector Spotlight...on Technology
Looking for Q4 tactical trading opportunities in Tech.
Large Cap Growth Versus Large Cap Value
Large Cap Growth stocks are relatively cheap compared to Large Cap Value stocks. The next major trend should be in Large Cap Growth.
Sector Spotlight: Health Care Watch
The near term is becoming more uncertain for Health Care stocks, as HC groups have experienced an erosion in GS Score strength.
Sector Spotlight: Health Care
Since 2000, the Health Care sector has moved ahead with no help from the big drug stocks.
Sector Spotlight: Health Care
Conceptually we think that the big drug stocks are poised to rebound, but they have yet to rank Attractive in the Group Selection Scores.
Tech Watch
The broad Tech sector has rallied significantly from lows and is not cheap by traditional measures.
Tech Watch
This may be one of the few sectors that has the opportunity to provide 20% or more growth in 2003. If investors can get over their fears, they could be rewarded by the Tech sector.
Tech Watch
Technology stocks up BIG in April. The NASDAQ gained 9.2% for the month, secondonly to the Russell 2000 in terms of performance.
New Data Series: Leuthold 3000 Stock Universe Valuations—Growth Vs. Value
The initial framework presented with a snapshot of the current relationships.
Is The Stock Market's Current P/E Dangerously High?
It is possible for new bull markets to emerge from high P/E levels. Earnings are cyclical, so when earnings decline in a recession, it can mark a very good buying opportunity despite high P/Es.
Valuations Are Sky High…How Can The Leuthold Group Be Bullish?
An explanation herein, with the use of our trusty histograms.
P/E Peaks and Troughs…..Since World War II
It’s possible that valuations could ultimately fall to their “ultra cheap” levels, with P/E ratios around 10x earnings. However, it is more typical for bear markets to bottom around the median P/E levels of 16.0x.
Tech Watch…..S&P Tech Subset Down 5% In July
Worse than expected Q2 earnings (losses) beat down the tech sector in July. The bad news just won’t end.
Perception for the Professional
March 2026 Issue
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Sector Navigator
March 2026 Issue
