HORAN Capital Advisors

Entries for 2014

Pre-Election Year Equity Return Favors The Bulls

 December 31 2014     David Templeton
In our Monday post one bullet point noted the favorable equity market returns achieved in a pre-election year. Today, Chart of the Day sent out a chart which graphically shows favorable returns that historically have been generated during the first seven months of pre-election years.From The Blog of HORAN Capital AdvisorsSource: Chart of the DayTheir commentary notes,"Since 1900, the stock market ...

Week Ahead Magazine: The Last Week Of 2014

 December 29 2014     David Templeton
The day after Christmas saw the S&P 500 Index hit its 52nd record close for the year. Of note this past week was the strong GDP report (third estimate) for the third quarter reported at 5%. This was higher than the 4.3% consensus estimate. A potential offset to the strength in the GDP report was the durable goods report for November. The consensus estimate was a 3.1% increase with the actual repor...

Strong Rebound In Third Quarter 2014 Buybacks

 December 28 2014     David Templeton
After the second quarter's significant decline in buyback activity, S&P Dow Jones Indices preliminarily reports S&P 500 companies increased third quarter buybacks by 25%. Buybacks for the third quarter totaled $145.2 billion versus the $116.2 billion reported in the second quarter. Apple (AAPL) holds the top three spots in record quarterly buybacks with the third quarter amounting to $17 billion. ...

Santa Claus Delivers Cheer After Christmas

 December 26 2014     David Templeton
In spite of the fact the market seems to experience a much awaited 10% correction, the last few weeks of a calendar year are generally positive ones for equity returns. Below is a chart of various indices prepared by Charles Schwab outlining the returns over the last two weeks of the year looking back twenty years. The FTSE 100 Index historically generates the highest return for investors; however...

The TRIX Indicator Signaling A Little Lower Level For The Market

 December 17 2014     David Templeton
At this point in time we remain positive on the longer term direction of the equity market. By that, we are not expecting this bull market to revert to a full blown bear market. Market pullbacks seem few and far between of late, but are healthy and necessary in order to sustain a longer term trend like the one investors are enjoying since the end financial crises in 2009.From The Blog of HORAN Cap...

Week Ahead Magazine: The Factors Behind The Decline In Oil Prices

 December 14 2014     David Templeton
I suspect oil price movements will continue to garner many of the headlines during the coming week. During the past week, most of the economic reports were either positive or neutral.retail sales came in better than expected along with a spike higher in consumer sentiment.the release of the Fed's Labor Market Conditions Index for November was the lowest since January 2014 which suggests a softenin...

Energy's Ripple Effect Or Is It A Tidal Wave?

 December 13 2014     David Templeton
Crude oil prices continue to take a beating and are seemly dragging the entire market lower this past week. A market concern now is the fact the price of a barrel of WTI crude has broken longer term support that had been in place for twenty years as can be seen in the chart below.From The Blog of HORAN Capital AdvisorsMarket participants have a new worry if crude does not rebound to reclaim this l...

Is The Recent Market Decline Really A Rout?

 December 10 2014     David Templeton
On a price only basis the S&P 500 Index is down 3.86% from the high reached on December 5, 2014 and headlines describe this recent market action as a "rout" or a market "tumble." I do not intend to pick on the publishes of the below headlines as many articles have highlighted the recent market action in this way.From The Blog of HORAN Capital AdvisorsFrom The Blog of HORAN Capital AdvisorsThese dr...

Week Ahead Magazine: A Seasonally Favorable Period For Equities

 December 7 2014     David Templeton
Washington, D.C. will likely do its part in grabbing headlines this week due to a potential government shutdown starting December 12th. Congress has until December 11th to approve a government funding bill before recessing on the 12th. Investors should keep in mind any market gyrations around these shutdown periods is more emotional than fundamental as we noted in a post in October of 2013, Govern...

Evaluating Potential Changes To Index Holdings

 December 7 2014     David Templeton
Effective on December 4th Bemis (BMS) was moved to the S&P Midcap 400 Index from the S&P 500 Index. BMS was replaced by Royal Caribbean Cruises (RCL). RCL was formally a member of the S&P 400 Midcap Index. On an ongoing basis S&P Dow Jones Indices evaluates the companies that comprise their various indices. A number of factors are required for a particular company to be included in an index and fo...
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