HORAN Capital Advisors

Unemployment Rate Down Due To Participation Rate Decline

 September 7 2012     David Templeton
The employment situation report released this morning indicated non-farm payrolls increased by 96,000 versus an estimated increase of 125,000. The unemployment rate declined to 8.1% versus 8.3% in the prior month. The total number of unemployed remained at 12.5 million people so one would not expect the unemployment rate to decline. However, the decline in the rate is due entirely to the fact 368,...

Recession Risk In U.S. Rising But Still Low

 September 3 2012     David Templeton
From a business cycle perspective, Fidelity recently released a report that indicated the risk of a recession in the U.S. was rising. Although the rising recession risk is low, the report cited weak "external" factors as the cause. Also, these weak external factors may be impacting company earnings expectations as noted in yesterday's post: Companies Lowering Earnings Guidance For Third Quarter. F...

Companies Lowering Earnings Guidance For Third Quarter

 September 1 2012     David Templeton
In spite of the high level of negative earnings guidance issued by companies for the third quarter, the market is shaking of this news and moving higher. Factset reports,"For Q3 2012, 80 S&P 500 companies have issued negative EPS guidance while 21 companies have issued positive EPS guidance. If 80 is the final number of companies issuing negative EPS guidance for the quarter, it will mark the seco...

Where Hedge Funds Are Allocating Their Investments

 September 1 2012     David Templeton
Broadly, hedge funds have mostly trailed their market benchmarks; however, investors may find interest in tracking changes in positions and sectors for the hedge fund group. Investors should keep in mind that hedge fund positions are reported once a quarter and the report can be as late as 45 days following a quarter. Consequently, a fund's report may not be reflective of the fund's current alloca...

Changing Tax Rates And Dividend Paying Stock Performance

 August 28 2012     David Templeton
With the looming fiscal cliff facing investors at the start of 2013, the marginal tax rate on dividends would increase to as high as 43.4% versus the current 15% rate. Investors are asking if this substantial increase will negatively impact the performance of dividend paying stocks. Copeland Capital Management recently published a white paper analyzing the impact of changing tax rates and the perf...

Dividend Payers In S&P 500 Index Continue To Grow

 August 26 2012     David Templeton
Howard Silverblatt, Senior Index Analyst for S&P Dow Jones Indices, recently noted the number of dividend payers in the S&P 500 Index has grown to 402 companies. This number reaches a level last seen in 1999. For 2012, thirteen companies have initiated dividend payments to date.From The Blog of HORAN Capital AdvisorsAccording to Silverblatt the dollar dividend payment for S&P 500 companies is up 1...

Trahan: Equity Markets Mid-Way Through Melt Up

 August 12 2012     David Templeton
Francois Trahan recently spoke with Consuelo Mack on WealthTrack and stated his belief the equity market is mid-way through a melt up. He believes this could last through the end of the year and possibly into the first quarter of 2013. He believes cyclically oriented stocks like industrials and materials, as well as higher beta equities, will be the better investments during this melt up. He belie...

Investor Cash Sits In Bond Funds?

 August 9 2012     David Templeton
In spite of the low interest rate environment, investors continue to be attracted to bond funds. As the below chart shows, fixed income mutual funds continue to attract investors' funds. However, this flow of funds into fixed investments is not inhibiting the rise in the U.S. the equity market though. From The Blog of HORAN Capital AdvisorsFrom The Blog of HORAN Capital Advisors Given the low leve...

Employment Growth Simply Too Low

 August 5 2012     David Templeton
Friday's employment situation report by the Bureau of Labor Statistics indicated employment grew by 163,000 jobs in July. No matter how one spins this number, the rate of growth is indicative of an economy that is growing too slowly. The seasonal adjustment actually accounted for 377,000 jobs. The magnitude of this adjustment is not uncommon for the month of July though. What will be interesting...

Investor Letter July 2012

 July 29 2012     David Templeton
The market’s pattern YTD in 2012 resembles the market’s action in 2011 while a number of key issues continue to hang over the financial markets. In our second quarter 2011 Investor Letter, we discussed the debt ceiling debate in Washington and Standard & Poor’s subsequent negative outlook and downgrade of U.S. government debt. We also wrote about serious weather related issues that greatly influen...
Page 92 of 99First   Previous   87  88  89  90  91  [92]  93  94  95  96  Next   Last