Hints and tips:
...And as Chronert points out, S&P 500 performance this year has been notably correlated with economic surprises (his chart): The simultaneously strong market momentum and delirious sentiment doesn’t worry...
...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....
...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....
...QUAL returned 30.9 per cent last year, beating the S&P 500 by 4.6 percentage points....
...Below is the trailing P/E ratio on the S&P 500: There are other signs of dizziness out there. Some individual stocks have gone bananas....
.../ From E R Yescombe, YCL Consulting, London N10, UK...
...“People are seeing volatility that they haven’t seen in a long time,” Johnson said....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Prospective wildfire payouts prompted S&P Global and Moody’s to downgrade PacifiCorp’s debt ratings last year....
...So this isn’t quite an apples-to-apples comparison, at least when it comes to the value of the franchise. But it’s pretty remarkable how fast Fidelity’s S&P 500 index fund has grown recently....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...“There is a sense we have turned the corner on this, ie it’s not systemic, not that there can’t be more [bad] headlines.”...
...Talos Energy appointed John Spath as the company’s executive vice-president and head of operations on Friday after the offshore E&P terminated its contract with Robert Abendschein....
...After all, the reason you buy a consumer stock as opposed to a healthcare stock is because you don’t want these types of headline risks.”...
...But the trailing P/E ratios are what they are, and Nvidia is even more expensive than Cisco was in 2000 on this metric....
...“Prohibition doesn’t work,” he said, arguing that regulation could “move the consumer down the continuum of harm versus forcing [smokers] to . . . a black market”....
...A: Wall-E 4....
...(Investors have never much cared about profits at Amazon, because the company has never been run to maximise them; it has always traded at an incomprehensibly high p/e)....
...That low p/e ratio may prove deceptive as the “e” declines. So, how’s that bet going?...
...But MSCI’s correlation with both S&P and Sustainalytics is below 50%. The S&P and Sustainalytics correlation is higher but still lower than expected . . ....
...That low p/e ratio may prove deceptive as the “e” declines....
...But this is the landscape as it emerged after the December 2019 election at which Boris Johnson was triumphant....
...So, basically, at an out-year P/E of about 16 times. Today, 2026 expectations are $8.82, and the stock is back down to $110....
...Likewise, the ProShares UltraPro Short S&P 500 (SPXU), which has similar exposure to the broader US stock market, has taken in $537mn and returned 51 per cent over the same period....
...But TSMC still seems cheap (note that Intel’s p/e ratio below is inflated by its crashing profits): TSMC’s competitive position within the chip industry is also no shakier....
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