Name: FS Insight
Price range: $$$

valuation

First Word

Wed, March 9, 2022 | 7:50AM ET

Valuation not demanding, but visibility still lacking. Earnings yield is 2.82% above 10-yr yield, the highest in 18 months and vs 0.30% avg since 1980

We publish on a 4-day a week schedule Monday Tuesday Wednesday SKIP THURSDAY Friday STRATEGY: VALUATION NOT DEMANDING, BUT VISIBILITY STILL LACKING. EARNINGS YIELD IS 2.82% ABOVE 10-YR YIELD, THE HIGHEST IN 18 MONTHS AND VS 0.30% AVG SINCE 1980 _GLIMMERS: While buyers strike continues,...

Quantitative Strategy

Tue, December 21, 2021 | 2:02PM ET

Quantitative Strategy

Tue, December 21, 2021 | 2:02PM ET

Market Valuation

We use a residual income model to compute an intrinsic value for the market. This model considers forecasts for future earnings and for long-term earnings growth to estimate the equity risk premium for the S&P 500.We combine the equity risk premium with the risk-free rate to produce an equity yield,...

Signal From Noise

Wed, July 3, 2019 | 8:33AM ET

Signal From Noise

Wed, July 3, 2019 | 8:33AM ET

How SaaS Removed Value Investing From Software

The valuations in the software sector known as Software as a Service, otherwise captured by the ungainly acronym SaaS, are said to be rich. Nobody likes to pay up, but value investors, in particular, are skinflints and balk at them. Salesforce. com (ticker: CRM), for example, trades at an enterprise...

Tom Lee's Equity Strategy

Fri, June 28, 2019 | 5:33PM ET

Tom Lee, CFA ^AC

Head of Research

Equity Valuation Support Strong; US Looks Inexpensive

If you don’t mind a little instability, U.S. equity investors really can’t complain about the first half of 2019. Sure, it was a little volatile...