Steve’s U.S. View
Valuations moved closer to 100% fair value (Fv). LargeCap is only 10 points away from this level. MidCap stands at 118.4% Fv with SmallCap at 115.0% Fv. There is a very good probability that the S&P Index (IVV) could reach $285/share over the next 12 months which places the DOW around 26,100.
ESP: Discussion on Whether Dividends are part of Determining Stock Value
Determination of stock fair value at ISN involves the value of dividends in terms of the amount, rate and consistency. We have believed it is a component in determining the overall value and does influence the price investor’s are willing to pay for a security.
Stock Fair Value Report: U.S.: Update
Humana [HUM] moves up to $229 Fv
Stock Consideration Change Report: U.S.
General Mills, PPL and SM Energy move into Buy consideration.
Economic: U.S. Industrial Production
Throughout the years investors have keyed on levels of industrial production in an attempt to identify directional changes in the stock market. We have all watched significant changes in the market attempted to be explained by a corresponding move in industrial production. “The market moved up because…”, or “The Market moved down because…” resonates, when markets move in one direction or the other, on the same day that industrial production numbers have been released. This explanation may be useful on a daily basis, or may be interesting to contemplate, but for longer period analysis it is less certain.