2020 Earnings Estimates: U.S. – DOWN. EUROPE – UP.

Data Source: Factset

2020 Earnings Estimates for the S&P 500 trimmed from 177.77 to 177.64 in the past week.  Conversely, the Earnings Estimates for the Euro Stoxx 600 increased by 160bps for 2020 in the past week. Continue reading “2020 Earnings Estimates: U.S. – DOWN. EUROPE – UP.”

Be in the know. 8 key reads for Friday…

  1. The Stock Market Was Up the First 5 Days of 2020. Here’s What History Says Will Happen Next. (Barron’s)
  2. After A Sizzling End To 2019, Biotech Stocks Could Soar In 2020 (Investor’s Business Daily)
  3. Stocks More Than Doubled Over the Last Decade. Many Investors Missed Out. (Institutional Investor)
  4. Facebook Says It Won’t Back Down From Allowing Lies in Political Ads (New York Times)
  5. Warren Buffett calls this ‘indispensable’ life advice: ‘You can always tell someone to go to hell tomorrow’ (CNBC)
  6. The U6 unemployment rate fell to 6.7% to mark the lowest level on record (MarketWatch)
  7. Fed’s Bullard, Kashkari Favor Holding Interest Rates Steady (Wall Street Journal)
  8. Top 2019 Stock Picker Spotted Under-the-Radar Tech (Bloomberg)

Be in the know. 10 key reads for Thursday…

  1. Red-Hot Biotech Stocks Brace For Key Meeting — Here’s What To Expect (Investor’s Business Daily)
  2. Legal sports betting: California among states set for 2020 push (Fox Business)
  3. The CAKE “Short Skirt, Long Jacket” Stock Market (and Sentiment Results) (ZeroHedge)
  4. Taco Bell Offering $100,000 Salary Amid Mounting Worker Shortage (Bloomberg)
  5. Defense Stocks Have Climbed on Mideast Tension. The Run Isn’t Over. (Barron’s)
  6. City bosses reveal their bargains and bubbles for 2020 (Financial News)
  7. Divergent paths: Oil, natural gas going different directions (for now) (Reuters)
  8. Pepperidge Farm releasing its first gluten-free products – Farmhouse Thin & Crispy cookies (USA Today)
  9. XPO Logistics CEO Brad Jacobs Centers His Strategy Around Tech (Investor’s Business Daily)
  10. To Save Avon, New Owner Comes Calling on Social Media (Wall Street Journal)

The CAKE “Short Skirt, Long Jacket” Stock Market (and Sentiment Results)

In 2001, the band CAKE released their hit song, “Short Skirt, Long Jacket.”  If you replace the word “girl” for “stock market” (in the lyrics below) you’ll see the commonalities with today’s investor. Continue reading “The CAKE “Short Skirt, Long Jacket” Stock Market (and Sentiment Results)”