Search Results for: capex

CEO Confidence vs. U.S. Business Capex Weak CEO confidence does not bode well for capex. Image: Gavekal, Macrobond

S&P 500 Operating EPS vs. CAPEX Capital expenditures are expected to accelerate into 2022 and could potentially increase productivity. Image: J.P. Morgan Asset Management

Oil Prices and Consensus Capex Could oil capex cuts lead to supply disruptions? Image: Morgan Stanley Research

Global Nonfinancial Equities – Earnings-Per-Share Growth and Capex Growth A recovery in global capex growth is expected in 2021. Image: Morgan Stanley Wealth Management

Manufacturing PMI and S&P 500 Capex YoY Is a capex recovery on the cards, as suggested by manufacturing PMI? Image: BofA

Performance – U.S. Capex Growers and R&D Innovators vs. S&P 500 U.S. capex growers and R&D innovators have outperformed the S&P 500 by a large margin over the past 20 years. Image: BofA Research Investment Committee

Performance – Capex and R&D ETFs vs. S&P 500 Capex and R&D ETFs are outperforming the S&P 500 so far. Image: BofA Research Investment Committee

S&P 500 YoY Growth – Buybacks vs. Capex and R&D Buybacks were down 10% in 3Q 2019, but it’s good news to see that capex and R&D were up 8%. Image: Goldman Sachs Global Investment Research

U.S. Core Capital Goods Shipment and Non-residential Business Fixed Investment (Capex) Is the “phase one” US-China trade deal enough to reverse the slowdown? Image: Deutsche Bank Global Research

U.S. Discretionary Spending and Recessions Because there are few imbalances, Deutsche Bank suggests that the U.S. expansion could continue for many more years. Note: discreationary spending defined as consumer durable goods, plus business capex, plus residential investment (i.e. PCE durables + gross private domestic investment). Image: Deutsche Bank Global Research