RevenueShares Large Cap ETF
Resilient Global Growth Supports Equities
OppenheimerFunds Leading indicators of the global economy are climbing and that generally bodes well for equities. Previously, we highlight the tight fit between the JP Morgan Global Composite Purchasing Managers’ Index (black line, left axis)—a leading indicator of worldwide business activity—and the year-over-year returns of the MSCI All Country World Index (ACWI) returns since 2000. […]
China Is Stabilizing through Policy Support
OppenheimerFunds Make no mistake, China is a controlled economy where growth can still be manufactured at will. Massive fiscal and monetary stimulus has China going through a “mini” boom with the pace of economic growth stronger and more broad based than what the markets expected. And as China goes, so goes the rest of emerging […]
We Are in a New World of Persistent Dollar Strength
OppenheimerFunds That was then: For the longest time, we insisted that the strength of the dollar was the equalizer in a deleveraging world. If the Fed were to be the only major country in the world raising interest rates, then the dollar would appreciate significantly. Dollar strength would prove to be a headwind to U.S. […]
U.S. Economic Drag Is Fading, Upside Surprises Are Possible
OppenheimerFunds The U.S. economy was weaker than expected in 2016, the lagged effect of the Fed’s policy mistake in 2015. In our opinion, the worst is now over for the United States, and economic growth should improve in 2017 and could even surprise to the upside with an appropriate fiscal policy mix from the new […]
Analyzing Ferrari’s Valuation Multiples ahead of 2Q16 Earnings
As of July 18, 2016, Ferrari’s (RACE) forward EV-to-EBITDA multiple is 11.1x. Ferrari’s forward PE (price-to-earnings) multiple is trading at 20.2x.
What’s Next for Ferrari’s Valuation Multiple?
As of April 3, 2016, Ferrari’s forward EV-to-EBITDA multiple is 11.6x—much higher than mainstream mass-market automakers.
Currency Headwinds Hurt Ford’s 1Q16 Revenue outside North America
In this part of the series, we’ll take a closer look at some factors that negatively affected Ford’s 1Q16 performance outside North America.
Why the F-150 Is Still Critical to Ford’s Profitability
Among all the vehicles offered by Ford, the F-series has a special place in the automobile market. In 2015, nearly 780,000 F-series pickup vehicles were sold.
How You Can Avoid Common Investor Mistakes
Q. What are some of the common mistakes you see investors make?