Search Results for: earnings

S&P 500 Stocks – Average Earnings Day Moves Earnings day moves are generally higher in the fourth quarter. Image: Goldman Sachs Global Investment Research

S&P 500 Equal Weight Index/S&P 500 Index vs. S&P 500 Three-Month Earnings Revisions The current gap between the equal- and cap-weighted indexes has usually ended with the underperformance of mega-cap stocks. Image: Morgan Stanley Weath Management

Earnings Sentiment – S&P 500, STOXX 600, Topix, MSCI EM, MSCI World Earnings sentiment seems to have peak. Image: Goldman Sachs Global Investment Research

Earnings Sentiment (S&P 500 Index and STOXX Europe 600 Index) Earnings sentiment seems to have peak in the United States. Image: Goldman Sachs Global Investment Research

U.S. Dollar vs. S&P 500 Index Forward Price/Earnings Is there a potential risk? Chart showing the wide divergence between the S&P 500 forward P/E and the U.S. dollar. Image: Morgan Stanley Wealth Management

Valuation – 10-Year U.S. Treasury Real Yield vs. S&P 500 Forward Price/Earnings Ratio Do valuations still matter? During the dotcom bubble, forward valuation metrics were as rich as they are today. Image: Morgan Stanley Wealth Management

S&P 500 Equity Risk Premium – Consensus Bottoms Up Earnings Yield – 10-Year Treasury Yield As low real yields are driving investors to equities, could stocks continue to rise if the equity risk premium falls to 3%? Image: Morgan Stanley Research

Estimated S&P 500 Earnings Impact Based on Biden’s Proposals Joe Biden’s tax proposal could significantly reduce S&P 500 earnings, if passed into law. Image: BofA US Equity & Quant Strategy

Gap Between S&P 500 Earnings Yield and U.S. Treasury Yield This chart suggests that the S&P 500 looks attractive relative to bonds, as the spread between the S&P 500 earnings yield and the U.S. 10-year Treasury yield is 368bps. Image: Goldman Sachs Global Investment Research

S&P 500 vs. ISM PMI and S&P 500 Earnings Revisions Breadth Chart suggesting that the S&P 500 is simply following the rebound in both PMIs and earnings revisions breadth. Image: Morgan Stanley Research