Johnson & Johnson (NYSE: JNJ) is expected to earn $1.98 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $2.12. Johnson & Johnson beat the earnings estimate by 11.33% in June 2020, 13.3% in Mar 2020, 1.08% in Dec 2019, and 6% in Sep 2019. Johnson & Johnson is a global health care products manufacturer.
Alpha: 0.10% (annualized), Beta: 0.77, R-Squared: 0.43, Market Cap: $397.47 billion, Revenue Growth: 4.03%, Operating Margin: 26.24%, P/E: 26.56, Dividend Yield: 2.68%. Rating: NEUTRAL.
JPMorgan Chase & Co (NYSE: JPM) is expected to earn $2.26 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $2.28. JPMorgan Chase & Co beat the earnings estimate by 2.99% in June 2020, -54.12% in Mar 2020, 10.78% in Dec 2019, and 9.84% in Sep 2019. JPMorgan Chase & Co is a global investment banking company.
Alpha: 10% (annualized), Beta: 0.99, R-Squared: 0.78, Market Cap: $308.41 billion, Revenue Growth: 13.37%, Operating Margin: 27.29%, P/E: 13.55, Dividend Yield: 3.56%. Rating: BUY/LONG.
Citigroup Inc. (NYSE: JPM) is expected to earn $0.97 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.98. Citigroup Inc. beat the earnings estimate by 6.38% in June 2020, 19.1% in Mar 2020, 4.4% in Dec 2019, and 1.02% in Sep 2019. Citigroup Inc. is a global investment banking company.
Alpha: -4.04% (annualized), Beta: 1.48, R-Squared: 0.79, Market Cap: $93.53billion, Revenue Growth: 7.08%, Operating Margin: 23.12%, P/E: 7.67, Dividend Yield: 4.54%. Rating: NEUTRAL.
BlackRock, Inc. (NYSE: BLK) is expected to earn $7.56 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $7.15. BlackRock, Inc. beat the earnings estimate by 13.77% in June 2020, -1.35% in Mar 2020, 8.74% in Dec 2019, and 2.88% in Sep 2019. BlackRock, Inc. is a global investment management company.
Alpha: 1.71% (annualized), Beta: 1.18, R-Squared: 0.61, Market Cap: $93.25 billion, Revenue Growth: 7.02%, Operating Margin: 38.8%, P/E: 21.52, Dividend Yield: 2.37%. Rating: STRONG BUY/LONG.
Fastenal Company (NASDAQ: FAST) is expected to earn $0.37 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $0.37. Fastenal Company beat the earnings estimate by 16.67% in June 2020, 2.94% in Mar 2020, -3.12% in Dec 2019, and 5.71% in Sep 2019. Fastenal Company is an industrial supplies company.
Alpha: 12.50% (annualized), Beta: 1.03, R-Squared: 0.41, Market Cap: $26.74 billion, Revenue Growth: 8.43%, Operating Margin: 19.79%, P/E: 32.09, Dividend Yield: 2.14%. Rating: BUY/LONG.
New Oriental Education & Technology Group Inc. (NYSE: EDU) is a provider of private educational services in China with 26.6 million student enrolments. Earnings forecast information is not available.
Alpha: 24.94% (annualized), Beta: 1.18, R-Squared: 0.21, Market Cap: US$27.06 billion, Revenue Growth: 24.98%, Operating Margin: 11.15%, P/E: 65.67, Dividend Yield: -. Rating: STRONG BUY/LONG.
Delta Air Lines, Inc. (NYSE: DAL) is expected to earn -$3.1 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $2.32. Delta Air Lines, Inc. beat the earnings estimate by -11.59% in June 2020, 29.17% in Mar 2020, 21.43% in Dec 2019, and 2.2% in Sep 2019. Delta Air Lines, Inc. is a the US airlines company.
Alpha: -8.21% (annualized), Beta: 1.18, R-Squared: 0.34, Market Cap: $20.92 billion, Revenue Growth: 3.86%, Operating Margin: 14.16%, P/E: -, Dividend Yield: -. Rating: SELL/SHORT.
First Republic Bank (NYSE: FRC) is expected to earn $1.38 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.31. First Republic Bank beat the earnings estimate by 16.67% in June 2020, 30.43% in Mar 2020, 10.32% in Dec 2019, and 8.26% in Sep 2019. First Republic Bank provides private banking and wealth management services.
Alpha: 11.71% (annualized), Beta: 0.85, R-Squared: 0.60, Market Cap: $21.48 billion, Revenue Growth: 21.13%, Operating Margin: 26.70%, P/E: 23.55, Dividend Yield: 0.65%. Rating: STRONG BUY/LONG.
UnitedHealth Group Incorporated (NYSE: UNH) is expected to earn $2.98 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $3.88. UnitedHealth Group Incorporated beat the earnings estimate by 37.45% in June 2020, 2.2% in Mar 2020, 3.45% in Dec 2019, and 3.47% in Sep 2019. UnitedHealth Group Incorporated provides diversified health care services.
Alpha: 13.27% (annualized), Beta: 0.66, R-Squared: 0.21, Market Cap: $315.47 billion, Revenue Growth: 11.49%, Operating Margin: 8.1%, P/E: 18.66, Dividend Yield: 1.53%. Rating: STRONG BUY/LONG.
Bank of America Corporation (NYSE: BAC) is expected to earn $1.38 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.31. Bank of America Corporation beat the earnings estimate by 16.67% in June 2020, 30.43% in Mar 2020, 10.32% in Dec 2019, and 8.26% in Sep 2019. Bank of America Corporation provides consumer banking, global banking, and wealth management services.
Alpha: 9.02% (annualized), Beta: 1.28, R-Squared: 0.76, Market Cap: $220.89 billion, Revenue Growth: 9.64%, Operating Margin: 29.45%, P/E: 12.27, Dividend Yield: 2.84%. Rating: BUY/LONG.
Wells Fargo & Company (NYSE: WFC) is expected to earn $0.46 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $0.92. Wells Fargo & Company beat the earnings estimate by -312.5% in June 2020, -95.45% in Mar 2020, -16.96% in Dec 2019, and -20% in Sep 2019. Wells Fargo & Company provides wholesale banking, community banking, and wealth management services.
Alpha: -8.77% (annualized), Beta: 0.82, R-Squared: 0.65, Market Cap: $104.83 billion, Revenue Growth: 7.66%, Operating Margin: 26.34%, P/E: 27.42, Dividend Yield: 1.58%. Rating: SELL/SHORT.
Goldman Sachs Group, Inc. (NYSE: GS) is expected to earn $5.37 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $4.79. Goldman Sachs Group, Inc. beat the earnings estimate by 57.68% in June 2020, 9.89% in Mar 2020, -9.81% in Dec 2019, and -4.77% in Sep 2019. Goldman Sachs Group, Inc. provides investment banking and asset management services.
Alpha: -1.32% (annualized), Beta: 1.24, R-Squared: 0.65, Market Cap: $73.25 billion, Revenue Growth: 28.14%, Operating Margin: 20.95%, P/E: 16.06, Dividend Yield: 2.41%. Rating: NEUTRAL.
U.S. Bancorp (NYSE: USB) is expected to earn $0.86 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.15. U.S. Bancorp beat the earnings estimate by 20.59% in June 2020, 46.96% in Mar 2020, 0% in Dec 2019, and 3.6% in Sep 2019. U.S. Bancorp provides corporate banking, commercial banking, and wealth management services.
Alpha: -1.06% (annualized), Beta: 0.90, R-Squared: 0.78, Market Cap: $59.54 billion, Revenue Growth: 9.01%, Operating Margin: 33.33%, P/E: 12.37, Dividend Yield: 4.29%. Rating: NEUTRAL.
PNC Financial Services Group, Inc. (NYSE: PNC) is expected to earn $1.99 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $2.94. PNC Financial Services Group, Inc. beat the earnings estimate by -315.91% in June 2020, 41.3% in Mar 2020, 1.71% in Dec 2019, and 5% in Sep 2019. PNC Financial Services Group, Inc. provides diversified financial services in the US.
Alpha: 4.28% (annualized), Beta: 1.08, R-Squared: 0.76, Market Cap: $49.22 billion, Revenue Growth: 10.33%, Operating Margin: 30.75%, P/E: 7.20, Dividend Yield: 3.98%. Rating: BUY.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) is expected to earn $0.92 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $0.62. Taiwan Semiconductor Manufacturing Company Ltd. beat the earnings estimate by 6.85% in June 2020, 13.64% in Mar 2020, 1.39% in Dec 2019, and -% in Sep 2019. Taiwan Semiconductor Manufacturing Company Ltd. manufactures integrated circuits and semiconductors.
Alpha: 17.51% (annualized), Beta: 1.03, R-Squared: 0.23, Market Cap: $419.43 billion, Revenue Growth: 6.19%, Operating Margin: 34.87%, P/E: 40.85, Dividend Yield: 1.92%. Rating: STRONG BUY/LONG.
Honeywell International Inc. (NYSE: HON) is expected to earn $1.48 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $2.08. Honeywell International Inc. beat the earnings estimate by 9.57% in June 2020, 11.62% in Mar 2020, 0.98% in Dec 2019, and 3.48% in Sep 2019. Honeywell International Inc. a global diversified technology and manufacturing company.
Alpha: 1.24% (annualized), Beta: 1.01, R-Squared: 0.71, Market Cap: $122.92 billion, Revenue Growth: -1%, Operating Margin: 19.96%, P/E: 21.52, Dividend Yield: 2.13%. Rating: NEUTRAL.
Morgan Stanley (NYSE: MS) is expected to earn $1.26 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.21. Morgan Stanley beat the earnings estimate by 74.36% in June 2020, -7.48% in Mar 2020, 22.45% in Dec 2019, and 10% in Sep 2019. Morgan Stanley is an investment banking company.
Alpha: 5.03% (annualized), Beta: 1.26, R-Squared: 0.66, Market Cap: $88.93 billion, Revenue Growth: 31.49%, Operating Margin: 33.28%, P/E: 9.21, Dividend Yield: 2.87%. Rating: NEUTRAL.
Intuitive Surgical, Inc. (NASDAQ:ISRG) is expected to earn $1.62 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $3.33. Intuitive Surgical, Inc. beat the earnings estimate by -3.39% in June 2020, 19.63% in Mar 2020, 7.94% in Dec 2019, and 41.7% in Sep 2019. Intuitive Surgical, Inc. manufactures surgical systems.
Alpha: 10.92% (annualized), Beta: 1.03, R-Squared: 0.41, Market Cap: $88.49 billion, Revenue Growth: 17.18%, Operating Margin: 30.69%, P/E: 79.62, Dividend Yield: -. Rating: STRONG BUY/LONG.
Truist Financial Corporation (NASDAQ:TFC) is expected to earn $0.84 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.07. Truist Financial Corporation beat the earnings estimate by 28.13% in June 2020, 61.11% in Mar 2020, 9.8% in Dec 2019, and 3.88% in Sep 2019. Truist Financial Corporation provides banking and trust services for clients in the US.
Alpha: 4.12% (annualized), Beta: 1.13, R-Squared: 0.82, Market Cap: $58.71 billion, Revenue Growth: 10.51%, Operating Margin: 30.64%, P/E: -, Dividend Yield: 4.17%. Rating: BUY.
The Bank of New York Mellon Corporation (NYSE: BK) is expected to earn $0.96 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $1.07. The Bank Of New York Mellon Corporation beat the earnings estimate by 7.45% in June 2020, 16.67% in Mar 2020, 2.02% in Dec 2019, and 8.08% in Sep 2019. The Bank Of New York Mellon Corporation is a corporate investment banking company.
Alpha: -1.51% (annualized), Beta: 0.84, R-Squared: 0.57, Market Cap: $33.49 billion, Revenue Growth: 23.31%, Operating Margin: 26.48%, P/E: 8.15, Dividend Yield: 3.29%. Rating: NEUTRAL.
Schlumberger N.V. (NYSE: SLB) is expected to earn $0.13 per share for the fiscal quarter ending in Sep 2020. The earnings per share (EPS) for the same quarter last year is $0.43. Schlumberger N.V. beat the earnings estimate by -% in June 2020, 4.17% in Mar 2020, 5.41% in Dec 2019, and 7.5% in Sep 2019. Schlumberger N.V. is an oil and gas services company.
Alpha: -27.40% (annualized), Beta: 1.71, R-Squared: 0.75, Market Cap: $22.36 billion, Revenue Growth: -1.01%, Operating Margin: 8.9%, P/E: -, Dividend Yield: 3.08%. Rating: SELL/SHORT.
Tangency Portfolio – Banks and Financial Services
$100,000 invested in Jan 2015 = $215,332 in Oct 2020. Alpha: 2.94%. See portfolio return comparisons below for full quantitative analysis.
| Ticker | Name | Allocation |
|---|---|---|
| JPM | J P Morgan Chase & Co | 1.49% |
| BLK | BlackRock, Inc. | 29.64% |
| FRC | FIRST REPUBLIC BANK | 68.86% |
Tangency Portfolio – Optimum
$100,000 invested in Jan 2015 = $492,017 in Oct 2020. Alpha: 19.75%. See portfolio return comparisons below for full quantitative analysis.
| Ticker | Name | Allocation |
|---|---|---|
| EDU | New Oriental Education & Technology Group, Inc. | 22.41% |
| UNH | UnitedHealth Group Incorporated | 39.93% |
| TSM | Taiwan Semiconductor Manufacturing Company Ltd. | 20.57% |
| ISRG | Intuitive Surgical, Inc. | 17.10% |
Portfolio Return Comparisons
| Metrics | Tangency Portfolio – Banks and Financial Services | Tangency Portfolio – Optimum | S&P 500 |
| $100,000 invested in Jan 2015, result in Oct 2020 | $215,332 | $492,017 | $182,490 |
| Rebalance | Annually | Annually | Annually |
| Annual Return | 14.27% | 31.93% | 11.03% |
| Annual Volatility | 21.37% | 17.21% | 14.53% |
| Sharpe Ratio | 0.68 | 1.65 | 0.73 |
| Alpha (annualized) | 2.94% | 19.75% | 0.77% |
| Beta | 1.13 | 0.86 | 0.96 |
| R-Squared | 63.61% | 57.38% | 99.38% |
| US Market Correlation | 0.8 | 0.76 | 1 |
| Gain/Loss Ratio | 1.18 | 1.36 | 0.7 |
| Max. Drawdown | -24.57% | -14.60% | -19.43% |
| Best Year | 35.04% | 65.08% | 31.22% |
| Worst Year | -5.76% | 1.16% | -4.56% |
| Historical Value-at-Risk (5%) | -10.14% | -7.22% | -7.41% |
| Analytical Value-at-Risk (5%) | -8.88% | -5.68% | -5.94% |
| Conditional Value-at-Risk (5%) | -11.79% | -8.40% | -9.72% |
| Positive Periods | 41 out of 69 (59.42%) | 50 out of 69 (72.46%) | 50 out of 69 (72.46%) |
| Backtest (years) | 5.00% | 5.00% | 5.00% |
Efficient Frontier
3 Comments
JP Morgan best the market expectation https://www.cnbc.com/amp/2020/10/13/jpm-.html
Citi beats earning expectation https://www.cnbc.com/2020/10/13/citigroup-c-earnings-3q-2020.html
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.