Search Results for: earnings

Earnings Sentiment – S&P 500, STOXX 600, Topix, MSCI EM, MSCI World Earnings sentiment is still on the rise. Image: Goldman Sachs Global Investment Research

MSCI World and World Technology 12-Month Forward Earnings Yield Minus U.S. 10-Year Bond Yield Over the last 4 years, the MSCI World tended to decline when the yield gap was close to 2%. Image: Societe Generale Cross Asset Research

Valuation – Forward Price/Earnings Ratio – STOXX Europe 600 Index and S&P 500 Index U.S. equities look pricey relative to Europe. Image: Morgan Stanley Wealth Management

Valuation – World Technology 12-Month Forward Earnings Yield and 10-Year Treasury Bond Yield Plus 2.5 Tech stocks are less attractive, as the world tech 12-month forward earnings yield is now below the 10-year Treasury bond yield plus 2.5. Image: BCA Research

Equity Risk Premium – S&P 500 Cyclically-Adjusted Earnings Yield and 10-Year Treasury Yield The equity risk premium suggests that U.S. equities remain attractive relative to bonds. Image: Alpine Macro

S&P 500 Earnings Estimates Through 2022 Morgan Stanley expects S&P 500 earnings to rebound to $175 in 2021 and $193 in 2022. Image: Morgan Stanley Research

S&P 500 Earnings Estimates So far, 80% of companies beat estimates by an average of 19%. Image: Fidelity Investments

Proportion of Companies Beating Earnings Estimates More U.S. companies beat earnings estimates than in Europe, Japan and EM. Image: Deutsche Bank Asset Allocation

S&P 500 Earnings Growth S&P 500 earnings growth turns positive, making S&P 500 EPS in Q4 2020 the first quarter of positive growth since Q4 2019. Image: Deutsche Bank Asset Allocation

S&P 500 Index Real Earnings Yield S&P 500 real earnings yield nears post-crisis low. Image: Morgan Stanley Wealth Management