“How low are P/E ratios? Valuations are low only if you have short memory”, Mark Hulbert, MarketWatch, October 23, 2008 Mark Hulbert writes that the S&P’s trailing P/E ratio on the last 12 months reported earnings is 18.1 – higher…
On February 8th, with the S&P trading around 1330 I wrote “Stocks Now Priced For Mild Recession”. Because I was expecting a severe recession, I didn’t yet feel that stocks fully discounted what was on the horizon. Nine months later…
Intel (INTC) kicked off 3rd quarter tech earnings after the close today and they did it in style (INTC 3Q Earnings Release). They reported EPS of 35 cents a share compared to estimates of 34 cents and revenue of $10.22…
Google (GOOG) is trading at $345 a share as I write this – down 54% from its high of $747 last November. That gives it a market cap of about $110 billion. Subtract the $14 billion in cash and investments…
About 6 months ago I wrote a post arguing that copper giant Freeport McMoran (FCX) was overvalued (“Freeport Valuation Bloated Here”, Top Gun FP, April 23, 2008). At the time, Freeport was trading at $118 a share and my call…
GPS maker Garmin (GRMN) is getting torched again today after reporting disappointing 2nd quarter earnings before the open (GRMN 2nd Quarter Earnings Release). They reported earnings of 94 cents a share, excluding a 25 cent per share gain on the…
The number that I and everyone else will be focusing on is the GMV number, which was disappointing with only 8% growth. – John Aiken (subscription required), Analyst, Majestic Research eBay (EBAY) reported 2nd quarter earnings after the close yesterday (EBAY Earnings…