Opening Statement from the January 2021 Dividend Gems

Opening Statement from the January 2021 Dividend Gems

Originally published on January 17, 2021

Earnings

Based on the market close as of January 15, 2021, the P/E ratio of the S&P 500 is now 22.4. While this is certainly a high P/E ratio that is not sustainable long term...

Q4 2020 earnings estimates have improved drastically over the past several weeks. Currently, estimates for Q4 ’20 stand at -6.8% (versus -8.8% last month). The most recent improvement in earnings estimates was due to the boost generated from the financial industry. Specifically, large earnings beats by JP Morgan and Citigroup lifted the financial sector as well as full year S&P 500 estimates for 2020...