Not exact matches
This means that though investors think that stocks are too expensive, they are
still pushing money into those equities, which indicates that they think
markets will continue to rise despite these lofty
valuations.
David Riedel of Riedel Research Group says emerging
markets still offer opportunity despite
valuations in the U.S. getting a little stretched.
«Admittedly, even with the recent pullback, Costco
still trades at a premium
valuation to the overall
market and its large retail peers.
Valuations remain incredibly low, and there's
still plenty of growth — at home and in emerging
markets — to come.
But as BMO Capital
Markets analyst Tim Casey recently pointed out, the industry
still appears to be on death row because of the «gradual but unrelenting erosion of revenues, operating margins and
valuation multiples.»
But minefields
still abound for international investors used to conventional
market efficiencies: daily trading limits, tough capital controls, frequent trading halts and over-inflated
valuations still dog China's $ 6.9 trillion mainland
market, says Bloomberg, calling it «a jungle out there».
«They are raising now at a higher
valuation, but if you were to say «here is what the New York and San Francisco
markets are really worth in full legal compliance» and then re-run the numbers — however they do it — I don't know that they are
still that $ 30 billion company,» Tusk was quoted by CNBC as saying.
Corporate
valuations are
still elevated, but
market volatility has increased.
So we took a look at our data on private
market valuation multiples to see how publicly - traded cloud storage and file - sharing company Box compares to
still - private Dropbox.
Broadly, we
still prefer equities over credit due to strong earnings growth, modestly cheaper
valuations following last month's swoon and
market's pricing in expectations of Fed rate increases.
At longer time frames, the basic relationship generally
still holds: Higher U.S. stock
market valuations are associated with lower future returns.
While every country poses its own risks and opportunities, as a group, emerging
markets offer
still - reasonable
valuations and improving macro fundamentals.
We
still rate the Utilities sector as Unattractive, and only three Utilities stocks earn our Attractive - or - better rating, but the new tax law does give a tangible benefit to the sector that the
market doesn't seem to be factoring in to its
valuation.
We simply knew that the expectations baked into the
market's
valuation were so pessimistic that even if the company's profits significantly declined, as they did, investors could
still earn healthy returns.
This is
still a
market that would have to fall nearly in half to reach historical
valuation norms.
Still, even in an environment where the market trades in a range of high valuation, it is appropriate to hedge exposure to risk at points where conditions are overvalued, overbought, and overbullish, and to establish more constructive exposure when conditions are overvalued, but oversold on a short - term basis (provided that the broad tone of market action still indicates a general willingness of investors to specul
Still, even in an environment where the
market trades in a range of high
valuation, it is appropriate to hedge exposure to risk at points where conditions are overvalued, overbought, and overbullish, and to establish more constructive exposure when conditions are overvalued, but oversold on a short - term basis (provided that the broad tone of
market action
still indicates a general willingness of investors to specul
still indicates a general willingness of investors to speculate).
I particularly like Europe and Japan, where
valuations are more compelling and central banks are
still delivering
market - friendly monetary easing.
«Many participants reported that their contacts had taken the previous month's turbulence in stride, although a few participants suggested that financial developments over the intermeeting period highlighted some downside risks associated with
still - high
valuations for equities or from
market volatility more generally,» the minutes said.
Markets are a bit less frothy than they were in January, but
valuations are
still elevated and volatility unusually low.
Presently, wicked
valuations are coupled with
still - unfavorable
market internals on our measures, and have now been joined by the most extreme «overvalued, overbought, overbullish» syndrome of conditions we identify.
As of last week, the
Market Climate in stocks was characterized by unfavorable valuations, and still constructive market action on the basis of the major in
Market Climate in stocks was characterized by unfavorable
valuations, and
still constructive
market action on the basis of the major in
market action on the basis of the major indices.
None of this will prevent us from becoming constructive if the
Market Climate shifts to a positive condition, but it does feed into the amount of market risk we would be willing to take, particularly with valuations still ex
Market Climate shifts to a positive condition, but it does feed into the amount of
market risk we would be willing to take, particularly with valuations still ex
market risk we would be willing to take, particularly with
valuations still extreme.
With
valuations extreme, trend uniformity negative, and our breadth momentum overlay
still on a negative reversal, there is nothing in our set of tools that allows us to take a constructive
market position.
If you haven't figured out product /
market fit and therefore
still have a highly risky business you run great risks for getting too far ahead of yourself on
valuation.
While there has been a noticeable shift among family offices toward real estate following the bubble — as many took advantage of the troubled real estate
market post-crash and scooped up valuable assets at a discount to pre-recession
valuations — this allocation is
still remarkable and outside the typical family portfolio composition reported in our survey.
Still, given the
market's rich
valuation, one would have expected in advance that the Fund would be largely hedged, and to that extent, the Fund's hedging approach performed in 2006 basically as expected - it muted the impact of
market fluctuations on the Fund, and contributed several percent in «implied» interest.
«While emerging -
market valuations are «cheap,» they are not so extreme that one can ignore
still - poor fundamental trends, in our view,» Sheets says.
I feel like
valuations are pretty high a good amount of money is going into investments each month but when things like bonuses come around if the
market is
still on a tear I might elect to cut a check to the mortgage.
Second that when
valuations become high, thoughtful investors find ways to hedge their downside risk while
still retaining targeted exposure to the
markets.
With the correction in global stock
markets still running its course, it's worth surveying some
valuation statistics across Developed
Market equities.
We think company
valuations are
still compelling; genuine reform in two of the larger emerging
market economies, China and India, should help to rekindle the global economy; and the stronger U.S. dollar should help generate positive earnings in most foreign companies.
«While I'm not comfortable with
market valuations overall, tech
still looks relatively inexpensive.»
In bonds, the
Market Climate remained characterized by relatively neutral valuations and still unfavorable market a
Market Climate remained characterized by relatively neutral
valuations and
still unfavorable
market a
market action.
As usual, I don't place too much emphasis on this sort of forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for
market losses, particularly given that the current bull
market has now outlived the median and average bull, yet at higher
valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other
market action, and complacency at best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but
still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe economic weakness.
Our measures of
market action are
still broadly unfavorable, and allowing even the mildest adjustment for profit margins and the position of earnings in the economic cycle,
valuations remain rich.
Strong corporate earnings growth and global synchronous expansion have fueled the past two years» rally and that dynamic is
still in place even if
market valuations got stretched, says Wilson.
Indeed, if improvement in
market internals is joined by a material retreat in
valuations, we would expect to shift to a constructive or aggressive outlook (even if
valuation measures were
still well - above historical norms).
The housing
market still looks strong (with some regional exceptions, like Alberta), but you have to question how much further home
valuations can rise given all that debt.
While Canadian stocks could potentially rebound in the second half, BlackRock Investment Institute currently favours Eurozone, Japanese and emerging
market equities given
still strong economic data, relatively more accommodative monetary policy and cheaper
valuations.
From an investment standpoint,
market conditions remain characterized both by obscene
valuations and
still - negative
market internals.
Following one of the worst periods for value on record, and with the style
still trading at significant
valuation discounts even after a nascent rally, we believe there is cause for cautious optimism, and that «value unbound» describes the most compelling opportunity in equity
markets today.
That said, current
valuations in the US
market are not as cheap as they were several years ago, but, in our view, they
still remain reasonable.
We should not dream high about euphoric transfer
market signings because we have to accept that though we may be a wealthy club because recently KPMG had
valuations of Football Clubs where Arsenal stands 6 in most Valuable Football brands but
still we have to accept that our Owner don't want to spend money to improve team... Owner is happy on the returns he is earning from Arsenal...
Consumers shopping for a late - model vehicle will
still be able to find used cars and SUVs at reasonably stable prices as they continue to come off - lease this year, according to the latest
market report from J.D. Power
Valuation Services (formerly NADA Used Car Guide).
Investors looking for better opportunities with less stretched
valuations should reconsider international
markets, particularly Japan, where multiples can
still provide a lift for stocks.
When you're in this type of
market, I think the best investing style is buying stuff with a few catalysts, that are dirt dirt cheap (cause then you can
still get legit
valuation multiple expansion), and have slightly lower
market exposure.
Following one of the worst periods for value on record, and with the style
still trading at significant
valuation discounts even after a nascent rally, we believe there is cause for cautious optimism, and that «value unbound» describes the most compelling opportunity in equity
markets today.
I particularly like Europe and Japan, where
valuations are more compelling and central banks are
still delivering
market - friendly monetary easing.
Although the 2015
market presents nothing quite so drastic, there are
still companies trading at
valuations far in excess of what is merited when you take a deep look at the growth projections, balance sheet, and historical
valuation metrics.
I think that
market is
still at high
valuations and want to keep some dry powder to deploy.