HORAN Capital Advisors

The Number Of Dividend Payers In S&P 500 Index At 12-Year High

 March 25 2012     David Templeton
In a dividend report released by Factset this past Friday, it is noted the number of dividend paying companies in the S&P 500 Index has reached a 12-year high. The report notes,"The number of dividend-paying companies was 393 at the end of Q4 2011 (January 2012), which marks a 12-year high. Aggregate quarterly dividend payments amounted to $260.8 billion over the trailing twelve months. On a per-s...

The Disconnect Between The Economic Data And Sentiment

 March 19 2012     David Templeton
Recent unemployment data released by the Labor Department continues to indicate the economy is adding 200,000 jobs per month. This has been the case for the last three months. What is interesting about the continued job growth figures is the GDP growth rate is suggesting a much lower rate of job additions. A recent article in the Wall Street Journal, Piecing Together the Job-Picture Puzzle ($), no...

Unlocking The Risk Associated With Stock Concentrations

 March 14 2012     David Templeton
Various techniques are available to investors in order to customize an effective approach to reducing a concentrated investment. Investors must continually evaluate the investment landscape, concentrated position risk, opportunity cost, time horizon and taxable consequence related to concentrated holdings. We recently prepared a report titled, Unlocking Concentrated Risk (PDF), that we feel is tim...

Is The Consumer's Financial Condition About To Worsen?

 March 7 2012     David Templeton
The consumer is the one important key to economic growth as they account for nearly 70% of GDP. Recent data does show consumer balance sheets have been improving based on the Fed's Financial Obligation Ratio.From The Blog of HORAN Capital AdvisorsEven consumer loan charge offs at commercial banks continue to show significant improvement.From The Blog of HORAN Capital AdvisorsThe water on the fire ...

Markets Retrace Significant Amount Of Losses Since Financial Crisis

 March 7 2012     David Templeton
The Chart of The Day charting service provides a graphic look at the market recovery for various indices since the financial crisis trough in March 2009."For some perspective on the post-financial crisis rally, today's chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by each of the five major stock market indexes. For example, the Do...

Risk On Trade Not Kind To Dividend Payers This Year

 March 5 2012     David Templeton
The dividend paying stocks in the S&P 500 Index have significantly lagged the performance of their non paying counterparts. The payers return in February and YTD have totaled 3.84% and 8.92% respectively. The non-payers on the other hand have generated February and YTD returns of 5.55% and 14.19% respectively.From The Blog of HORAN Capital AdvisorsSource: Standard & Poor'sOne could say the market ...

Investor Equity Fund Flows Indicate They May Be Late To The Rally

 March 3 2012     David Templeton
Mutual fund flow data appears to indicate investors have been late to allocate additional funds to equities in spite of the strong equity market advance since the end of September last year. As the blue bar in the below chart indicates, monthly net flows into equity mutual funds has been negative in spite of the continued advance in the market.From The Blog of HORAN Capital AdvisorsThe below chart...

$4 Gasoline Has Negative Impact On Confidence And Retail Sales

 February 19 2012     David Templeton
The recent rise in oil prices and subsequent increase to near $4 per gallon for regular unleaded gasoline is likely to negatively impact consumer confidence and retail sales. The below chart shows the negative influence increasing gasoline prices (inverted on chart) has on consumer confidence.From The Blog of HORAN Capital AdvisorsThe negative impact on confidence also negatively impacts retail sa...

Volatile Equity Market Returns

 February 11 2012     David Templeton
Absent the significant market contraction in 2008/2009, both the Dow and S&P 500 Index have generated decent returns. For investors though, the equity market pullback during the financial crisis period of '08/'09 remains top of mind. As the below tables show, the year over year returns for these two indices have been pretty strong resulting in 3-year annualized returns in the mid-teens. Unfortunat...

Pick Your Strategist/Advisor Carefully

 February 10 2012     David Templeton
The below chart was provided by the Wall Street Journal courtesy of Doug Kass.
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