i think this ratio between earnings (GAPP i like better) and revenue is material in either a micro or macro analysis. I could entertain a socratic discussion on if the delta between the two or their trends (and the corrleation between them) is the more important metric – i am not sure if i have an opinion yet. <quote> “To date, 6% of the companies in the S&P 500 have reported actual results for Q1 2017. In terms of earnings, more companies (76%) are reporting actual EPS above estimates compared to the 5-year average. In aggregate, companies are reporting earnings that are 6.7% above the estimates, which is also above the 5-year average. In terms of sales, more companies (59%) are reporting actual sales above estimates compared to the 5-year average. In aggregate, companies are reporting sales that are 0.2% above estimates, which is also above the 5-year average.”
Not associated with a specific reading but plotting the plan over next 7 days.
Two reductions planned:
INTC allocation is too high at 9.5% of taxable account – reviewed selling near term calls, but the prices do not justify holding the capital risk captive – i will sell 50% of the targeted reduction before earnings and accept the risk with the remainder
CAH as indicated earlier i think its time to exit 100% – just wish i had done it when i sold 50% above $82.
I can easily re-acquire the income (dividend) from both with adding to PFE or starting new position in BMY (or both)