August 30, 2010: The S&P 500 index is down 4.94% for the month of August through August 26, 2010. I see a lot of good values among the top ten stocks in the S&P 500 by market cap. Exxon Mobil (XOM), Apple (AAPL), Microsoft (MSFT), and Proctor & Gamble (PG) are the top four and trade at comparatively low forward earnings estimates. Apple is the only one on the list with significant growth prospects over the next ten years or so and it trades less than twenty times trailing earnings as of August 30, 2010.
AAPL
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The Institute for Supply Management released their August 2010 manufacturing report today, and the report shows that 11 of 18 total manufacturing industries grew in August. Additionally, PMI (the Purchasing Managers Index) rose to 56.3 in August. PMI is considered an important economic indicator because its number can indicate the […]
The Federal Deposit Insurance Corporation (FDIC) released the results of its second quarter survey of the national banking system today. The report (which you can read in its entirety here) has some good news, including the fact that quarterly earnings at banks are the highest they’ve been in almost three […]
The number of new unemployment claims fell by 31,000 last week according to a report by the U.S. Department of Labor. The reduction in claims was not substantial enough to indicate a strong improvement in the economy or job market, but it is good news nonetheless. The four-week moving average […]
Disclaimer: John Mooney owns GOOG in his Covestor Under-Capitalized Sectors model. August 4, 2010: T. Rowe Price (the investor, not the firm he founded) isn’t mentioned much today, but in the mid-twentieth century he was well-known as one of the first modern proponents of growth stocks. He had clear criteria […]
Author: Robert Freedland Disclaimer: Robert owns ECL, CHD, MCD, MMM, SYY, T and TJX in his Covestor Buy and Hold Value Model. July continued the recent pattern of volatility, but the bias has been to the upside as the S&P which opened near 1,000 at the beginning of the month […]
Federal Reserve Chairman Ben Bernanke spoke today before the Committee on Banking, Housing and Urban Affairs. He discussed many economic issues including the slow improvement of the unemployment rate. He mentioned that a “significant amount of time” would be needed to restore all the jobs that have been lost over […]
The Dow Jones Industrial Average was conflicted today as it edged up and down with significant swings throughout the morning. News of Goldman Sachs’ (NYSE:GS) subpoena for financial records resulting from the company’s lack of compliance in responding to The Financial Crisis Inquiry Commission requests did little to help the […]
Despite a global economic crisis, a less than stellar success rate for stopping the oil leak in the Gulf, and the introduction of hurricane season, investors on Wednesday pushed the Dow Jones Industrial Average up to a 225.52 point increase closing at 10,249.54. Even news that AT&T (NYSE: T) was […]