By Tom Burnett CFA We track and closely monitor the weekly FACTSET earnings estimates for the S/P 500 Index companies. After falling sharply since early March, the consensus estimates have begun to flatten out. For example, the report for June 5, 2020, gives an estimate of $127.86 for the year 2020.…
By Tom Burnett CFA On June 5, 2020, the Bureau of Labor Statistics reported the employment conditions for May. In a surprising development, employment actually rose by 2.5 million from the prior month. The unemployment rate declined from 14.7% in April to 13.3% in May. The March and April figures were…
By Tom Burnett CFA It appears that interest rates have begun to stabilize at higher levels than were recorded in March and April. We attempt to monitor rates by looking at the market yields on the ten-year and 30-year Treasury notes and bonds. The Federal Reserve has made it clear that its formal policy…
By Tom Burnett CFA Most investors are familiar the larger companies (Gilead, Amgen, Biogen) that are active in the biotech industry, but it can be a difficult task to find smaller companies that are on the verge of successful product innovations. One useful tool for finding new biomedical products and…
By Tom Burnett CFA As part of our ongoing review of market activity, we examine the relative performance of various styles (Growth/Value, Large Cap/Small Cap, Domestic/Foreign) to compare their relative investment records. In this report, we focus on Growth and Value styles. Using data supplied by Morningstar…