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The Top 10 (9 really) Nasdaq components make up 40% of the indexes weight. |
We look at each one to see if they justify the Nasdaq's 60% gain over the past two years. |
At the moment, the Nasdaq is our primary hedge (using SQQQ). |
8,000 on the Nasdaq Composite! |
5,150 was the top in 2000 before the great crash took it back to 1,200, a 76% drop which took many years to recover from. In fact, we only got back to 5,000 in 2016 but here we are, less than 3 years later, up another 3,000 (60%) and no, I don't think this time is like 1999 when people were throwing money at terrible s... |
We did consolidate for about a year at the 5,000 line, which means roughly half the people trading thought stocks should be higher and half thought they should be lower but then Trump got elected and promises were made (not kept, just made) and we've been off to the races ever since. |
If we want to determine whether 8,000 is too much for the Composite, we should look at the top 10 holdings, which make up a whopping 40% of the indexes weight while the other 2,629 components fight for the other 60%. The simple question we can ask here is are these companies worth 60% more than they were in 2016 and, t... |
While Apple (AAPL) gets a lot of attention as it nears $1Tn in valuation, Microsoft (MSFT) has quietely gotten there without the drama and is "worth" $927Bn at $120. Revenues have gone from $92Bn to $118Bn (up 28%) while profits in 2016 were $20.5Bn and, last year, they were $16.5Bn but that was due to write-offs and t... |
AAPL, of course, is my favorite company on the planet and $200/share is $943Bn in market cap but AAPL earned $59.5Bn last year (tax advantaged) and should make $53Bn this year for a P/E of 17.8 - still quite reasonable and a real bargain compared to MSFT. In 2016, AAPL had $215.6Bn in revenues vs $265.5Bn this year and... |
Amazon (AMZN) has taken over the Universe - or so they would have you believe but, in fact, $232.8Bn in revenues last year were less than AAPL and not even half of Walmart's (WMT) $514Bn and WMT is about 10% of all retail so AMZN is a bit under 5% - a force to be reckoned with but far from dominating retail. Growth, on... |
Google (GOOG) has been on quite a tear since 2016, when they made $19.5Bn on $90.3Bn in sales. Last year, revenues were $136.8Bn (up 51%) and profits were $30.7Bn (up 57%) so good steady growth and, at $1,227, GOOG is "only" $850Bn so 27.7 times growing earnings is actually quite fair though not "too cheap" so I can't ... |
Facebook (FB) has been taking a lot of crap this year but that's a result of theIr success with roughly half the planet using their website. At $179, FB is only a $511Bn company so we're out of the Trillion Dollar Club now but FB's 2016 Revenues were $27.6Bn and profits were $10.2Bn while last year they hit $55.8Bn (up... |
Google (GOOGL) again? Don't be fooled, it's the same company being counted twice just because there are different classes of shares - that's idiotic. I'm dropping them to B for cheating! |
Intel (INTC) at $254Bn at $57 has more than doubled their earnings from $9.6Bn in 2016 to $21Bn last year but revenues were $59.4Bn and now $70.8Bn (up 19%). That's because 42% of their income now comes from very profitable Data Centers and look for INTC to pop today as they announced they are getting out of low-margin... |
Cisco (CSCO) is another one of my favorite companies with a $250Bn valuation at $57 on $49Bn in sales and $13Bn in earnings vs 2016s $49Bn in sales and $10.7Bn in profits (up 21.5%) so no new revenues and only a small profit improvement and a 19.2x P/E ratio is why I don't bang the table for them anymore as they've gon... |
Comcast (CMCSA) - Are there any other cable companies anymore? All I know is I have XFinity WiFi and it seems to work almost everywhere I travel. $42/share is a $187Bn valuation but, as you'd expect, revenue and profit growth don't justify the stocks rise from $30 (40%) in two years. 2016 Revenues were $80.7Bn and 2018... |
Pepsi (PEP) is hardly what you think of when thinking Nasdaq stocks but it's in there at $172Bn at $122/share and they seem impressive at first glance, with profits soaring from $6.3Bn to $12.5Bn so call it 100% but it's all tax breaks and one-time gains that won't be repeated. Realistically, I'd say $8Bn is fair going... |
Well I'm very surprised as we're in B-B+ territory for the Top 10 so maybe we've been too harsh on the Nasdaq as it's climbed and climbed and climbed and climbed? While I don't think things are much of a bargain at this level and we're certainly cautious as we saw how fast a 22% correction hit us in the Fall, I guess t... |
Of course, another 20% move up from here is going to need a lot more justification - but let's not just write it off as, clearly, the top 10 (9 really) stocks of the Nasdaq Composite, that make up 40% of the entire index, are able to justify the indexes 60% gain over the past couple of years. |
Disclosure: I am/we are long MSFT, AAPL, INTC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. |
Additional disclosure: Positions as indicated but subject to RAPIDLY change (currently mainly cash and an otherwise slightly bullish mix of long and short positions - see previous posts for other trade ideas). Positions mentioned here have been previously discussed at http://www.Philstockworld.com - a Membership site t... |
Accenture Global Services Limited filed a plaint alleging trademark infringement, trademark dilution, unfair competition and passing off, in the Commercial High Court of the Western Province in Colombo on 31st October 2017. |
Accenture, the plaintiff, a well known global management consultancy, technology services and outsourcing company is one of the world’s largest consulting firms. |
It states that it pioneered systems integration and business integration and has established itself as a leader in today’s global marketplace. It has a significant business presence in Sri Lanka through its local affiliate Accenture Lanka (Pvt) Ltd. |
Accenture claims that a similar company, Ascenture Systems Limited, which is engaged in software development services, software solutions and enterprise resource planning solutions in the clothing industry, is using a trademark and name identical to that of ‘Accenture’. |
Accenture which is represented by Manoj Bandara with Dhanushka Dissanayake instructed by Sudath Perera Associates claimed that the defendant’s company, Ascenture Systems, intentionally and deliberately adopted a similar trademark and name of Accenture by changing only one letter to ‘Ascenture’ with the purpose of tradi... |
In addition, the global company stated, “customers are likely to be deceived and confused into believing that the defendant and its products and services and business have some connection associated or affiliation with the plaintiff, when there is no such connection whatsoever.” The use of ‘Ascenture’ would further giv... |
Accenture has applied for a court order that would declare that the defendant’s trademark constitutes an infringement of plaintiff’s rights as owners of the tradename ‘Accenture’ and any use of ‘Ascenture’ would be unlawful and unfair competition against the plaintiff. |
They further requested that the court issue a permanent injunction restraining the defendants from further use of the infringing mark as well as a decree for damages. Accordingly, the plaintiff supported for a notice of an interim injunction together with summons. Having satisfied the submissions of the Counsel for the... |
It was disclosed that there has been a number of successful actions against other companies in Sri Lanka as well as India, by the global company Accenture, with the similar trade name that has been successfully concluded. |
An inventive way to deal with California's traffic. |
In San Diego County where I've been practicing land surveying for over 12 years, traffic has gotten so bad I finally decided to do something about it. |
I got this old Honda motorcycle, bought a wire feed welder at Harbor Freight, learned how to weld aluminum, got some square aluminum tubing from local scrap yard, welded up a rack, and, bingo. Now I split lanes through traffic on I-5 and I-15 no problem. It's great for simple topo jobs or tieing out found monuments, et... |
Submitted by Wayne Stutzman, RCE. |
If there is one thing uniting Canada's current crop of emerging filmmakers, it is certainly not style. Aesthetically speaking, the work of someone like director Kazik Radwanski is as far removed from the output of Ashley McKenzie as Quentin Tarantino is from Steven Spielberg. Instead, the unifying thread might simply b... |
At least that's how Rebeccah Love sees it. "Focus on community above all things," says the 27-year-old director. "Creating a community that cares about your work is more important than submitting to festivals halfway across the continent. Get out there in the world and talk to people." |
To that end, this week's premiere of Love's new short film Acres is a community effort. The screening, held Wednesday at Toronto's Carlton Cinema, will be introduced by director Matt Johnson (Operation Avalanche), fresh off helping reshape Telefilm's financing model for first-time filmmakers, and include a showing of S... |
"There is something amazing happening right now in the independent filmmaking community in Canada," Love says. "It seems that in the last five, 10 years, there has been a cosmic shift. Kazik's powerfully subtle portraits, Matt's wild imagination, Daniel Warth's wit and sense of humour. …There's a generosity of spirit, ... |
To mark Acres' celebration of that collaborative independent filmmaking spirit, Love spoke with The Globe and Mail about finding inspiration in illness, the challenges of financing and the current moment in Canadian indie film. |
Acres was shot on your grandparents' farm near Smiths Falls, Ont. Did you spend much time there while growing up? |
I spent much of my childhood there. My brother and I would spend hours catching frogs, playing baseball, wandering through the woods, flying kites. It wasn't until I grew older that I began to understand the weightiness of the place. My grandparents grew old together there. While waiting for grandchildren, they raised ... |
As a result of my chronic illnesses, I have spent an inordinate number of days in bed, often in pain, often struggling with despair. On these days, daydream becomes the only avenue of escape. What I've learned from my illnesses is that I'm constantly in flux, alternating between places of difficulty and places of joy. ... |
You turned to crowdfunding to finance the film. How much of a challenge is to make a short, let alone a feature, in the Canadian landscape today? |
Acres cost approximately $12,000. While working on it, I was a student at the University of Guelph's Creative Writing MFA, so I was ineligible for many grants. I turned to Indiegogo, but was also sponsored by a few businesses in my community. I'm acutely aware of the difficulties facing emerging filmmakers when it come... |
I love Kazik's cameo here, and that got me thinking about how critical it is to have a tight filmmaking community in Canada. |
Within the past two years, Matt [Johnson], Kazik [Radwanski] and Daniel [Warth] have each offered to help me in my own projects. Every month, new success stories pop up on my news feed, too. I'm just lucky to be involved in the movement at this particular moment in time, in this particular city. |
What are you hoping to tackle next? |
I shot a currently untitled short film dealing with mental health in September with our leading actress from Acres, Sarah Swire. I'll be entering post-production on that this month. But I'm putting a lot of thought into feature-length filmmaking. We'll see what happens next. |
And what would success on Acres look like? |
If Acres could help convince somebody that our team is super qualified to film a feature, well, hey, that would be nice! |
Acres premieres Jan. 10 at the Carlton Cinema in Toronto. |
WINSTON-SALEM, N.C. — A Winston-Salem man was arrested in connection with a stabbing inside a store Thursday night. |
Kenneth Wayne Needham, 26, was arrested after an incident around 7:15 p.m. at the Family Dollar in the 3100 block of Peters Creek Parkway. |
Winston-Salem Police said they found Richard J. Brown, 56, of Winston-Salem, inside the store suffering from stab wounds. Police didn’t say what the extent of Brown’s injuries were. |
Needham was arrested not too far away from the store, police said. He faces a charge of assault with a deadly weapon with intent to kill inflicting serious injury. |
Needham was placed given a $250,000 secured bond. He is scheduled to appear in court on Monday. |
I slept on the office floor for my first two weeks when I was serving in Uganda. Heavy rains in 2007 caused severe country-wide flooding affecting over 300,000 people. There was no electricity, telephone service, food or basic amenities. |
During the day, I sloshed through muddy knee-high water. I faced mangled huts, buried crops and displaced persons without food or clean water. Part of my duty with the Office of Coordination for Humanitarian Affairs (OCHA) was to assess the disaster and this sometimes required innovative approaches. The tarmac roads, f... |
The flooding worsened. We watched more roads disappear and camps creep further and further apart. OCHA accounted for close to 1.8 million internally displaced persons (IDPs) in 2005. By April 2008, however, almost 75 per cent of IDPs were in transit to, or had already returned to their homes. Serving in Uganda was my f... |
Our OCHA team is 1,980 staff members strong. Our mission is to alleviate human suffering in disasters and emergencies, advocate for the rights of people in need, promote preparedness and prevention and help facilitate sustainable solutions all over the world. |
Experiences in my formative years prepared me to face the challenges of working in the field. I had a simple life growing up. My family lived in Bagra, a small Pakistani village in the district of Haripur, North West Frontier Province. I remember the community vividly. I enjoyed going to school, but without a proper sc... |
My family moved around Pakistan frequently because my father worked for the Pakistani army. We lived in Karachi, Quetta, Rawalpindi and Peshawar. I left my family in 1982 to study at the University of Peshawar. My university sat on the Afghan border, and I watched refugees pour into my town. Three million came to Pakis... |
After graduation, I spent 10 years in the private sector working for non-governmental organizations in Pakistan and Afghanistan. In 2006, I started work with United Nations in OCHA responding to the earthquake disaster in Muzaffarabad, Pakistan. The disaster left 3.5 million homeless and 2.3 million food-insecure. Arou... |
Creativity and level-headedness are important when working in the field. Planning humanitarian relief requires forward thinking, and it is always based on assumption and projection. Sometimes even the most well planned solutions need last minute alterations, so flexibility is immensely important when working at the Uni... |
Currently, I am in Zimbabwe with OCHA. We work to coordinate action to remedy suffering caused by lack of food, HIV and AIDS, decline in social services, and natural disasters. In October 2009, OCHA collaborated with partner organisations to provide 720,000 households with agricultural support, including cereal seed su... |
After 30 years at Defense News, Israel correspondent Barbara Opall-Rome says farewell. |
More than 2,500 U.S. troops have taken part in the two-week-long Juniper Cobra joint exercise with Israeli Defense Forces, which concludes Thursday. |
U.S. and Israeli contingency plans for a joint response to an Iranian missile attack could be activated at any moment, with U.S. forces arriving in Israel from Europe in 72 hours, officers from both countries explained. |
The Iranian drone that Israel intercepted over the weekend is a "copy" of a stealthy U.S.-built RQ-170 Sentinel UAV, according to a senior Israeli Air Force officer. |
A frontline Israeli F-16I was destroyed on Saturday after it came under heavy attack by Syrian-based anti-aircraft missiles during a round of strikes and counter-strikes prompted by an early morning breach of Israeli airspace by an Iranian UAV. |
Inspired by the Israeli Iron Dome, the so-called steel dome is a multilayered system of new technologies, tactics and procedures aimed at denying militants from Hamas and Gaza-based terror organizations the ability to attack Israel from underground. |
The Israeli Air Force has declared its initial squadron of nine F-35 stealth fighters ready for operational use, less than a year after the first two were delivered here by the U.S. Air Force. |
From this Israeli Air Force base in the highly populated heart of the country, complex and dangerous ballistic missile tests take place. |
A Diss High School student's poem had been included in a special Armistice poetry anthology. |
Naomi Ely, a year 9 student from Diss High School, wrote a poem titled ‘Poppy Red Blood’. |
Students across the country were invited to write poems on the theme of Armistice for a competition run by the University of Lincoln. |
The entries were read and judged by the poet Laureate Carol Ann Duffy and Imtiaz Dharker. |
Naomi's poem was highly commended by the judges. |
She was invited to a presentation ceremony at Lincoln University, which included readings from Duffy and the prize winning poets. |
Naomi’s poem is published in ‘Armistice 100’, an anthology of poems produced by students from across the United Kingdom. |
Or the dove ever fly? |
Will the bombs say goodbye? |
Learn how to use a gun? |
no armistice has been signed. |
John Wesley United Methodist Church will hold a bazaar and yard sale Saturday from 8 a.m. to 2 p.m. |
The church is at 129 N. Potomac St. in Hagerstown. |
The event will include crafts, homemade soups, used books and yard sale items. |
For more information, call 717-597-1841. |
Manager Gareth Southgate said England “left everything out there” after falling to an extra-time defeat by Croatia in the World Cup semi-final on Wednesday. |
England were hoping to reach a first World Cup final since 1966, but let an early lead slip to lose 2-1. |
“I think in the first half we were really good and maybe we could have got another goal,” Southgate told ITV. |
“I can’t ask for more from the players. I think knockout football is about fine margins and when you have good spells against fine sides you need to take your chances. |
Southgate said the players were deeply disappointed, but that his young team could achieve great things in the years to come, with the European Championship just two years away. |
“It’s impossible to say anything to make the players feel better at this moment in time,” he said. |
“We have to be proud of what we’ve achieved. |
I don’t think anyone could have given any more. |
“Players had run out of steam but that’s partly their age –- they’re still physically maturing. Croatia have hardened warriors whose understanding of big matches at times came to the fore. |
Harry Kane looks set to claim the Golden Boot as the World Cup’s leading scorer, but the Tottenham star rarely looked like adding to his six goals against Croatia. |
“I think he’s given absolutely everything for the team,” Southgate said of the 24-year-old England captain. |
“I think now is the time for us to be strong as a group and take the time to reflect on the performance a little bit over the next couple of days. |
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