Wild Philip Davis with his very expensive subscription
website did a free post where he showed the top 25 cap companies in the S&P
500. He said only 8 of them were cheap. Actually he said seems cheap because they corrected fairly well. Chevron, Exxon, Apple, Proctor & Gamble,
IBM, Intel, HP, and Walmart are the eight.
Therefore he was shorting the S&P with SDS right here and now. Which ones do you think are cheap and will go
up and which ones not so much? The top
25 of the 500 make up 44% of the capitalization of the SPX index, according to
him. Of the 24 companies listed in his
image the weights added up to 34%. I don’t
know what the discrepancy could be.
Maybe I can’t add. Maybe weights
are different from capitalization.
Here is the latest earnings, GAAP of course, from the
Standard & Poors website:
With 91.8% in Q4’14 $22.83 Q1’15
$21.81 Q2’15 $22.87 Q4’13 $26.48 Q1’14
$24.87 Q2’14 $27.14 Down 13.78% Down
The estimate for Q1’15 was $25.27 and it came in at
$21.81. Big difference.
The estimate for Q2’15 was $27.48 and so far is at
$22.87. I see no way it will come in
near the estimate. Even S&P is full
A lot of the late reporters are late reporting because they
have poor results and I expect year over year to be down for three quarters in