Post-Tax Cuts, Sell Side Rushes To Revise Up ’18 Earnings Estimates – P2S Ratio In Uncharted Territory

posted in: Equities | 0

The sell side is on the move. We just got the first taste of how bottom-up analysts view the recently passed tax cuts will impact corporate earnings. Last Friday, operating earnings estimates for S&P 500 companies were revised higher by … Continued

Markets Dance To Fed’s Tune Way Too Much … Matter Of Time Before This Backfires

posted in: Credit, Economy, Equities, Technicals | 0

Markets are under the influence of the Fed’s rate hike talk – or a lack of it – a little too much … to such an extent that it can potentially backfire someday. Last Thursday, we learned that the ISM … Continued

Amidst Elevated Valuation Metrics, Stocks Remain Resilient

posted in: Economy, Equities | 0

It is not easy getting a handle on valuation dynamics.  During good times, multiples rise to exorbitant levels, and the opposite happens when times are bad.  The usual cycle of things. Come to think of it.  At any time, value … Continued

Recent wage-hike plans of WMT, TJX, AET one-off or new trend? Margin implications?

posted in: Economy, Equities | 0

Stagnant wages thorn in U.S. recovery’s side WMT, TJX, AET, SBUX, GAP have announced plans to hike wages Be careful what we wish for, given elevated valuation and risk of margin compression? One of the things that have been a … Continued