| StockChase

View Opinion

Stock SymbolA Comment -- General Comments From an Expert (A Commentary)
Source of InformationMarket Call (BNN TV)
T.V. Program Date2017-01-11

Market. The P/E ratio for the S&P 500 is at about 17X 2017 estimated earnings, above the long-term historical averages of 14X or 15X. Some strategists have upwardly revised numbers for this year on the premise that Trump is able to get through his corporate tax cuts, from 35% down to 15%. For every 1% cut, it adds about $1.80 to earnings, so if he even does 5% and brings it to 20%, that could potentially add $20 to 2017 earnings. We do need the profit growth to come through. Right now, the expectation for the 4th quarter earnings is that they are going to grow about 4.5% year-over-year. Usually they surprise to the upside because companies are cautious. We should have less headwinds with energy.

Price (as of program date)$0.020
Implied Signal
$ Goal
ExpertChristine Poole
Expert's BiasUNKNOWN
Own or Relationship_N/A