Industrials (top 30 weights) Earnings Estimates/Revisions

In the spreadsheet above I have tracked the earnings estimates for the Industrials Sector ETF (XLI) top 30 weighted stocks. I have columns for what the 2023 and 2024 earnings estimates were on 6/2/2023 and today (8/2/2023). The column under the date 8/2/2023 has a letter that represents the movement in 2023 earnings estimates since the most recent print (6/2/2023).

Continue reading “Industrials (top 30 weights) Earnings Estimates/Revisions”

Be in the know. 15 key reads for Thursday…

  1. China’s services activity expanded at a faster pace than expected in July in a sign of resilience, a private survey showed (bloomberg)
  2. For Amazon, the Cloud Will Be Key (barrons)
  3. Chinese tech giant Alibaba challenges Meta with open-sourced A.I. model launch (cnbc)
  4. Buffett Not Worried About Fitch Downgrade, and He’s Putting His Money Where His Mouth Is (barrons)
  5. PBOC Pledges More Financial Resources for Private Firms (bloomberg)
  6. US Yield Curve Control Not Here Yet, But It’s Coming (zerohedge)
  7. Amazon’s efficiency efforts will grow its market share significantly, says Scott Mushkin (cnbc)
  8. Maybe the ‘most anticipated recession’ won’t come after all (yahoo)
  9. Charlie Munger Asks, ‘Do You Want To Be More Like Me Or More Like Them?’ — Why He Believes Diversification Is An ‘Impossible And Agonizing Task’ Any Idiot Can Do (yahoo)
  10. Third Point Boosts Stock Exposure (institutionalinvestor)
  11. Alibaba logistics arm Cainiao launches half-day express delivery in 8 cities (scmp)
  12. US-China Diplomatic Green Shoots As Profit-Taking Hits (chinalastnight)
  13. Bank of America Reversed Recession Call on Strong Jobs and Spending, CEO Says (bloomberg)
  14. US Productivity Jumps by Most Since 2020, Blunting Labor Costs (bloomberg)
  15. Americans are going abroad in droves — at the expense of domestic travel (cnbc)

“Dumb Money” is the new “Smart Money” Stock Market (and Sentiment Results)…

Fox Business

On Tuesday I joined Charles Payne on Fox Business’ Making Money with Charles Payne.  Thanks to Kayla Arestivo, Nick Palazzo and Charles for having me on the show.  In this segment, we talked about how the “dumb money” has been right and the “smart money” has been wrong this year and in recent preceding years.  We also covered the playbook for the second half of the year and how to deal with short-term seasonal volatility: Continue reading ““Dumb Money” is the new “Smart Money” Stock Market (and Sentiment Results)…”