Tag Archives: FactSet

Declining Earnings in an Overvalued Market

Earnings are the single most important factor in stock valuation. Stock prices may diverge temporarily from earnings, but prices eventually correct. FACSET is one of the leading providers of software, research, analytical tools, and data for investment professionals. They publish a … Continue reading

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Posted in Article Links - External, Earnings, Fundamental Analysis, Market Commentary, Market Timing, Risk Management | Tagged , , , , , , | Leave a comment

Earnings and Revenues Decline While Prices Rise

I have written a number of recent articles about the troubling state of the equity markets. There have been many causes for concern: technical, fundamental, valuation, divergences, and global risks, among others. All of these are important, but none are … Continue reading

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Q3 2012 Earnings Preview

With the daily deluge of new data, it is easy to lose the forest for the trees.  When in doubt, focus on earnings, the ultimate driver of stock prices.  If I could choose one statistic to know in advance, it … Continue reading

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Posted in COT Analysis, Economic Indicators, Fundamental Analysis, Market Commentary, Market Timing | Tagged , , , , , , , , , , | 2 Comments

Prices and Earnings Diverge

According to FactSet, since June 1, the price of the S&P 500 index has increased by 6.4%, while the year-over-year earnings growth rate for Q3 has declined from +3.5% to -1.6%.  In other words, while analysts were reducing their earnings … Continue reading

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