November 30th is Saint Andrew’s Day, the official national day of Scotland celebrated by the Scottish and Scot-enthusiasts throughout the globe. The land of kilts and haggis has contributed a great deal to world culture, punching way above its weight in producing world-class businessmen, scientists, and philosophers.
So far 90% of S&P 500 companies have reported earnings in the US. For the third quarter of 2019, these companies have seen their earnings decline –2.3% year-over-year. This marks the third straight quarter of earnings decline. It could be called an earnings recession, though unlike economic recessions the National Bureau of Economic Research (NBER) does not call earnings recessions.
"Man is the measure of all things", said the Greek philosopher Protagoras. However, when man wants to measure those things, he needs units, and those can be difficult to create for abstract concepts. Nevertheless, scientists have tried to quantify danger using a unit called a mort (from the Latin word for death). A 1 mort activity puts a person at a 50-50 chance of perishing.
In 1997, George Lucas released a new version of Star Wars, claiming that two decades of advancement in special effects finally allowed his full artistic vision for the film to be realized. And the re-release did show how much a simple space story could be improved by a becluttered backdrop of computer-generated distractions. Just like Star Wars, early versions
Who do we blame when the fame of a name becomes lame?
The most popular theories on stock valuation state that a share’s price is ultimately determined by the underlying company’s projected earnings potential. In order to decipher that potential and properly value a stock, analysts look at trends: Are the company’s earnings growing steadily every quarter? Or are they decreasing?
Last week, General Electric Co. (GE) announced that it would be freezing pension benefits for 20,000 employees. This prompted us to check in on one of the investing themes that we looked at last year which featured GE as the prime example, that of a yield trap. It is difficult to catch a falling knife, and investing in a company in distress is no less difficult.
Executive Wealth Management Private Wealth Advisor Jimmie Plaskey, CFP®, plays a very active role in the Alzheimer’s community. He joined the fight in 2012 after his Aunt Suzy was diagnosed with the disease at age 55.