Category Archives: Daily Top Ten

Topley’s Top Ten – April 18, 2017

1.Ford and GM have Two of the Lowest P/E’s in S&P…..TSLA +41% YTD vs. F-GM Negative…..TSLA Trading at 271x Earnings.

Ford has the fifth-lowest price/earnings ratio in the S&P 500. The absolute lowest belongs to rival General Motors, which at $34, trades for under six times projected 2017 earnings. Barron’s has written favorably on GM, including in an article earlier this year (“GM Shares Could Drive 35% Higher,” Feb. 18), when GM traded around $37.

TSLA vs. U.S. Carmakers.

TSLA Lost $675 million in 2016

Read Full Story at WSJ

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Topley’s Top Ten – April 17, 2017

1.Leading Sector in 2017 Tech Finishes Down 10 Days in a Row. XLK +8.29% YTD vs. S&P +4%

The Standard & Poor’s 500 Information Technology Index has finished lower 10 days in a row, only the fourth such streak since 1989, when daily data on the sector was first posted, according to Bespoke Investment Group.

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Topley’s Top Ten – April 14, 2017

1.15% Year Over Year GAAP Earnings Growth is Higher than All but Three Previous Bull Market Peaks.

Last year’s earnings rebound appears to be continuing in 2017. The 15% year/year growth in S&P 500 GAAP EPS is higher than at all but three previous bull market peaks and dividend growth remains above average. We are skeptical, however, that earnings will grow as fast as consensus suggests, as year/year comps become more difficult, earnings momentum will likely slow, leaving the market left with both elevated expectations and valuations.
Ned Davis

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Topley’s Top Ten – April 11, 2017

1. Foreign capital is flocking back to emerging markets in Asia

David Scutt, Business Insider Australia
Foreign capital is flooding back to emerging markets across Asia, particularly for stocks.

According to new research released by ANZ today, capital inflows to the region rose to $US15.3 billion in March, the largest one-month increase since the middle of last year.

It was the third consecutive month that net inflows were recorded, all but unwinding similarly large outflows seen in the final three months of last year.

As this excellent chart from ANZ demonstrates, continued weakness in the US dollar against currencies in the region was probably a contributing factor behind the pickup in capital flows to the region.

Dollar Weakens and Emerging Markets Strenghten….Dollar (UUP) -1.36% YTD vs. Emerging Markets +12%

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