Analysts Expecting Large Corporate Earnings Rebound in 2021/2022

By Tom Burnett CFA In its April 16, 2021 report, FACTSET reflects the growing analyst consensus for strong earnings growth in 2021 and 2022.   Looking at the S/P 500 Index, in particular, the forecast is for growth of 27% in 2021 and another 14% in 2022.  The Index earnings for 2020 suffered from…

By Tom Burnett CFA In the midst of record high prices in the S/P 500 Index and the Dow Jones Industrial Average, there is a severe correction occurring among high-profile names whose stocks have sold off sharply from their 52-week high prices. We document some of the price collapses below: Stock   …

By Tom Burnett CFA The Options Clearing Corporation (“OCC”) has announced that March 2021 trading volume set a record for monthly trading activity. Total cleared contracts exceeded 904 million for the month, up 34.8% from the March 2020 volume. March was also the end of the highest quarterly trading…

By Tom Burnett CFA The latest (April 1, 2021) FACTSET Report on consensus earnings estimates for the S/P 500 Index companies reflects growing optimism over expectations for 2021 and 2022. The Index earnings fell 14% in 2020 to $140, as the COVID-19 outbreak depressed economic activity globally. In the…

By Tom Burnett CFA On April 6, 2021, the International Monetary Fund (“IMF”) issued its annual global growth forecast report. We will summarize the conclusions in the latest report. Global GDP growth is now expected to grow by 6.0% this year, improving from the Covid-19 impact in 2020 when global…