Hints and tips:
...Heavily-dilutive fundraisings, and the resulting share price falls, have helped swell the number of US-listed companies trading below $1 to 517 as of Thursday’s close, according to S&P Global Market Intelligence...
...Paul Mason, an analyst with E&P, said: “This is clearly a positive development for the Altium share price....
...The S&P 500 as a whole has a weighted average P/E of 26, reflecting the higher valuations of larger companies in the index....
...Since 1936, S&P 500 dividend yields have averaged 3.5 per cent, but in the past 12 months, that yield was just 1.5 per cent....
...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...Stocks with low P/E ratios relative to their expected growth rates are rare....
...The S&P 500 index rose 24.2 per cent in 2023 in comparison....
...By September last year, all three had covered more than half of their respective 2024 production at prices above $3/mn Btu, according to S&P Global Market Intelligence....
...The P/E of that company is 14 — which is the unweighted harmonic mean of 10, 10, and 100 (the formula is 3/(1/10+1/10+1/100))....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...The analyst consensus has S&P 500 EPS rising just 3 per cent year on year in the first quarter....
...This year it gained about 3 per cent in January. It’s no coincidence that the S&P 500 is also having a stellar run....
...Japanese stocks traded on a P/E of 67x in 1990. The Nifty 50 traded on a P/E of 34x in 1973....
...At about $3.68 per gallon, US petrol prices may be lower than in other economies — but they are up 15 per cent this year....
...The company, which manufactures chips for just about everyone, jumped nearly 10 per cent yesterday after less-bad-than-feared earnings and sunny guidance. Its forward P/E is just 15....
...On a forward P/E basis, the S&P 500’s 2021 (harmonic) average was 23, versus an average of 22 in the past four months and 18 in the past three decades....
...The P/E relative of the stock on UBS 2026E EPS (against the market) goes to a record high of 152% on the UBS forecast of earnings. 2....
...GroupM estimates that the global industry will increase by 5.3 per cent in 2024, a slight decrease on last year’s growth....
...Apple, on the other hand, was until recently the largest company by market cap (now it’s Microsoft), and it is still almost 6 per cent of the S&P 500....
...But the dispersion of their returns has been very wide, as this chart shows: Amazon has barely outperformed the S&P 500, Nvidia has gone absolutely bananas, and the rest have covered the range in-between...
...Its neighbouring e& from the United Arab Emirates moved to increase its stake in Vodafone to 14.6 per cent in April and could be looking to increase it further....
...Morgan Stanley, which owns E*Trade, added about 300,000 accounts during the September quarter....
...For instance, just one tech company’s recent gains added the equivalent of the market capitalization of the bottom 100 companies in the S&P 500, and the size of the crypto market doubled since last fall....
...What is the trailing P/E ratio of the top-10 stocks in the S&P 500 today? They are more overvalued than the top-10 were in the tech bubble....
...We est. the value of the Services LOB (est. 1/4 of core revenues) at about 4/5 of Citi’s market cap ($75B vs $99B as of Dec. 29, 2023) assuming a P/E of 12-13x on 2024E earnings of $6B....
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