1.Growth Stocks Dominating 2017
IWF Russell 1000 Growth +17% vs. IWD Value +5%
Category Archives: Daily Top Ten
Topley’s Top 10 – July 25, 2017
1.Tech Expensive? Double Digits Earnings Growth and Highest Percentage of Names Exceeding Earnings.
Tech sector stocks: Growth at a reasonable price
The tech sector posted double-digit earnings growth in the last two quarters, and it boasts the highest percentage of firms exceeding earnings expectations in the past four quarters among the 11 Global Industry Classification Standard (GICS) sectors.2
Such strong earnings growth momentum is expected to continue through 2017, evidenced by the rising earnings estimates shown in the chart below. The global economic environment is driving the sector’s growth prospects, as some of the headwinds the sector faced last year have turned into tailwinds. Since the tech sector has more foreign sales exposure than other sectors, it is more likely to benefit from the weaker US dollar and improving global growth we have seen this year.3
Source: Bloomberg Finance L.P., as of 6/27/2017. EPS estimates are based on consensus analyst estimates compiled by FactSet.
Topley’s Top 10 – July 24, 2017
1.Zero Inflation Showing Up in System….The Betting Line on Another Rate Rise Falls Below Even Money.
Rates: The market-implied probability of a third Fed rate hike this year dipped below 40%.
Topley’s Top 10 – July 21, 2017
1.Summer Seasonality Kicking In?
Equity Markets: Based on seasonal patterns, this is the time of the summer when the S&P 500 should peak.
Source: @RyanDetrick; Read full article
Topley’s Top Ten – July 19, 2017
1.Three Horseman of Bull Market All Made New Highs. Buybacks, IPOs and Spin-Offs.
PKW Buybacks after lagging when rates blipped higher, now rally mode.
IPOs Outperforming Market in 2017
Spin-Offs New Highs.
