Category: Fair Value

World Markets – USA – Fair Value Changes – January 2020

Cable ONE and Delta Air Lines increase in fair value while PNC Financial and UnitedHealth Group move lower.

World Market – USA – Fair Value Report December 2019

As the market moves upward it appears to be well deserved because the market value is now within 1.8 points of fair value. We sometimes wonder if the overwhelming amount of “concern” that has been

World Market Fair Value Report – USA

Overall fair value influence moved slightly in favor of revenues and earnings along with a slight decline in the importance of dividends. Large Cap stocks matched the overall market with slight increases in the influence of both revenues and dividends, but also experienced a 1-point increase in dividend influence. MidCap stocks experienced drops in the influence of all three areas in relationship to the total market. However, the drop in earnings influence was larger than the overall market. Small Cap moved in the opposite direction of Mid Cap with increases in all three. Earnings made the largest influence increase that exceed 1 point.

World Market Fair Value Report – USA

All market capitalization classifications are within 10 percentage points of fair value (100.0% Fv). Large Cap is demonstrating the highest expectations at 106.3% Fv followed by Mid Cap at 99.1% Fv. There is less enthusiasm in Small Cap stocks where market prices are lower than valuations by 10 percentage points at 90.0% Fv. See the full report with complete U.S. market coverage at: Client Service > World Markets > Americas > USA Stock Fair Value Report

World Market Fair Value Report – USA – 2019 September

The American market is positioned nicely within Total market fair value at 104.9% Fv indicating higher expectations from the market with an increase of 2.2 points. Only one sub-sector has reached a Cautionary level in valuation and it is Large Cap Consumer Discretionary