Trade Brains

JANUARY 18, 2024

billion in 2023. Requirement for licenses & permits: The field of business requires the Company to constantly apply for licenses on every product they sell. Added to all these positives that we see in the Company, it also trades at a quite moderate valuation of 12.6x billion people to reach 1.4

Distribution 64

Distribution License Government Management 64

Trade Brains

MAY 22, 2023

The company entered into a bottling and trademark licensing agreement with PepsiCo to sell carbonated beverages in India. Along these lines, it has estimated a net CAPEX of Rs 1,500 crore for 2023. The present valuation at a high P/E of 56 and P/B of 18.5 Company Overview Varun Beverages Ltd. CMP ₹1,452 Market Cap (Cr.)

Sales 52

Sales Manufacturing Distribution License 52

WiserAdvisor

FEBRUARY 14, 2024

These officially licensed gaming platforms endorsed by major sports leagues offer a unique blend of virtual sports entertainment. eSports had a valuation of $1.45 The integration of professional sports video gaming platforms, such as Madden NFL, NBA 2K, and NHL 2K, has further enriched the gaming landscape. billion by 2030.

Investing 59

Investing Investments Retail Banking 59

James Hendries

JANUARY 13, 2023

These lessons learned from 2022 are particularly important for 2023 since FOMC members expect rates in 12 months to be higher than what investors are currently expecting. economy to avoid recession, and support above-average valuations. Here’s hoping for more hits and fewer misses for all of us in 2023. Caveat emptor.

Marketing 52

Marketing Marketing Valuation Asset Allocation 52

James Hendries

MARCH 13, 2023

However, the pressure on valuations from higher interest rates, which have made bonds attractive alternatives, led to the Committee’s recent decision to reduce the size of the overweight from 5 points to 3. But valuations strongly favor value over growth. The S&P 600 small cap index has returned about 1.5% equities.

Assets 52

Assets Marketing Marketing Asset Allocation 52

James Hendries

JANUARY 26, 2023

Background: The global economy will likely slow from the upper-2% range in 2022 down to slightly above zero in 2023 ( Figure 1 ). falls into recession, the chances are it would occur during the first half of 2023 and will not likely be as deep as the 2008 recession, which was initiated by a fundamentally flawed financial market.

Marketing 52

Marketing Marketing Economy Economics 52

James Hendries

JANUARY 20, 2023

The key question coming into this earnings season is whether the pessimism surrounding 2023 earnings has gone too far. Guidance is key The key question to answer this earnings season is whether the pessimism surrounding 2023 earnings has gone too far. As always, guidance matters more as market participants look forward.

Marketing 52

Marketing Marketing Economy Economics 52

James Hendries

JANUARY 31, 2023

The script has been flipped in 2023. Of course, the market is also forward-looking, with expectations for falling inflation and a less hawkish Federal Reserve (Fed) as we progress into 2023. For 2023, the S&P 500 was up 0.8% equity markets by year-end. during this period, checking the box for a positive signal.

Marketing 52

Marketing Marketing Valuation Insurance 52

James Hendries

JULY 3, 2023

billion through mid-June—bankers see the second half of 2023 and 2024 poised for considerable improvement. Today, at the end of the first half of 2023, Apple crossed $3 trillion in market capitalization, making it the largest company globally. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 52

Marketing Marketing Banking Valuation 52

James Hendries

JUNE 26, 2023

We know it’s old news at this point, but on June 8, 2023, the S&P 500 entered a new bull market. With the broad market overbought in the short-term from a technical analysis perspective and valuations elevated, stocks may be due for a pause. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 52

Marketing Marketing Asset Allocation Valuation 52

James Hendries

JUNE 20, 2023

The encouraging trend in consumer prices will provide the Fed some leeway throughout the balance of 2023. Fed Should Anticipate Further Easing in Rents The housing sector is currently a significant factor impacting inflation in 2023. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 52

Marketing Marketing Economy Communication 52

Sara Grillo

NOVEMBER 14, 2022

He is a flat fee advisor; not a licensed insurance agent. Fee only advisors can now purchase annuities for their clients without having to be licensed agents. Mettler says he does not have a securities license for this reason. January 11 th , 2023. February 8 th , 2023. March 8 th , 2023. April 12 th , 2023.

Insurance 59

Insurance Financial Advisor Retirement License 59

James Hendries

MARCH 6, 2023

Higher interest rates are challenging stock valuations and perhaps pushing the gains further out in 2023, but we still see solid potential for double-digit returns for stocks this year. It is also a major component used to calculate the price-to-earnings valuation ratio. All index data from FactSet.

Marketing 52

Marketing Marketing Economy Economics 52

Diamond Consultants

DECEMBER 20, 2022

Record valuations and sophisticated buyers, like private equity firms with deep pockets and healthy appetites to acquire high-quality businesses, caused many employee teams to reconsider the big picture in ways they had not before. All that said, how will the activity of 2022 impact 2023 and beyond? The 10 Emerging Trends for 2023.

Recruitment 59

Recruitment Compliance Wealth Management Banking 59

James Hendries

OCTOBER 18, 2022

Earnings estimates for 2023 are too high—this is about as consensus as a view gets. The consensus S&P 500 earnings per share estimate for 2023 is currently $240, down from $250 at the end of June. The consensus S&P 500 earnings per share estimate for 2023 is currently $240, down from $250 at the end of June. Conclusion.

Marketing 52

Marketing Marketing Valuation Economics 52

James Hendries

AUGUST 30, 2022

That said, earnings targets will be very tough to reach in 2023 if high inflation lingers. Estimates for this year look reasonable, 2023 have to come down. The thought process for many was that earnings drop in a recession, so while 2022 profits may be near consensus estimates (our expectation), 2023 may see a profit decline.

Marketing 52

Marketing Marketing Valuation Economics 52

James Hendries

NOVEMBER 22, 2022

in May or June of 2023. In this week’s Weekly Market Commentary, we explore historical equity and fixed income market performance surrounding a Fed pivot, including the prospect for solid stock performance in the back half of 2023. A light at the end of the tightening tunnel. Headline consumer inflation decelerated last month to 7.7%

Marketing 52

Marketing Marketing Valuation Asset Allocation 52

James Hendries

AUGUST 15, 2022

The economy needs a stable and productive workforce to handle tighter financial conditions and growing uncertainty about 2023. We won’t predict a soft landing, but there is a plausible scenario where a mild recession comes in 2023, the S&P 500 does not retest its June 2022 lows, and stocks are nicely higher in a year. If the U.S.

Marketing 52

Marketing Marketing Economy Valuation 52

James Hendries

AUGUST 3, 2022

However, the central bank could begin cutting again in the back half of 2023 if the economy shows significant weakness. The downside risk comes in 2023 where the consensus estimate has come down about $6 since mid-June to near $245. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 98

Marketing Marketing Economy Valuation 98

James Hendries

NOVEMBER 15, 2022

However, the debate is heating up as investors begin to consider whether the pendulum will swing back to growth if inflation and interest rates decline in 2023. Increasing the discount rate, which lowers the present value of future cash flows, and company valuations. Future cash flows are devalued. Less volatility amid rising rates.

Marketing 52

Marketing Marketing Asset Allocation Valuation 52

James Hendries

DECEMBER 4, 2022

In this week’s Weekly Market Commentary we share insights on publicly traded retailers, analyze their underperformance year to date, and look forward to 2023. Retailer valuations have also taken a hit, as the forward (next 12 months) P/E multiple has contracted ~20% year to date, from ~27x to ~22x currently.

Retail 52

Retail Marketing Marketing Sales 52

James Hendries

NOVEMBER 1, 2022

With a series of important economic indicators suggesting the economy is declining and inflation is finally decelerating, albeit very slowly, markets are beginning to factor in that the Fed may soon transition to a less aggressive stance in early 2023. It is also a major component used to calculate the price-to-earnings valuation ratio.

Marketing 52

Marketing Marketing Manufacturing Economy 52

James Hendries

SEPTEMBER 7, 2022

We maintain our year-end fair value S&P 500 target at 4,300-4,400, based on a price-to-earnings ratio of 18-19 times our $235 EPS estimate for 2023. On the flip side, a potential Fed policy mistake, a possible recession in 2023, and heightened geopolitical tensions present risks to the downside. All index data from FactSet.

Marketing 52

Marketing Marketing Valuation Insurance 52

James Hendries

NOVEMBER 15, 2022

times the STAAC’s 2023 S&P 500 earnings per share forecast of $230. It is also a major component used to calculate the price-toearnings valuation ratio. Insurance products are offered through LPL or its licensed affiliates. Click here to download a PDF of this report. IMPORTANT DISCLOSURES.

Portfolio 52

Portfolio Taxes Government Investment Advisor 52

James Hendries

AUGUST 15, 2022

The LPL Research S&P 500 year-end fair value target range remains 4,300—4,400, based on a price-to-earnings ratio (PE) of 18-19 and an earnings per share (EPS) forecast of $235 for 2023. It is also a major component used to calculate the price-toearnings valuation ratio. Click here to download a PDF of this report.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

James Hendries

OCTOBER 7, 2022

times the Committee’s 2023 S&P 500 earnings per share forecast of $230. It is also a major component used to calculate the price-toearnings valuation ratio. Insurance products are offered through LPL or its licensed affiliates. Click here to download a PDF of this report. IMPORTANT DISCLOSURES.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

SEPTEMBER 8, 2022

The LPL Research S&P 500 year-end fair value target range remains 4,300— 4,400, based on a price-to earnings ratio (PE) of 18-19 and an earnings per share (EPS) forecast of $235 for 2023. It is also a major component used to calculate the price-toearnings valuation ratio. Click here to download a PDF of this report.

Portfolio 52

Portfolio Taxes Investment Advisor Asset Allocation 52

James Hendries

SEPTEMBER 27, 2022

While we still think the consumer is in better shape than during previous Fed rate hiking campaigns, we do think the prospects of a recession have increased for 2023. It is also a major component used to calculate the price-to-earnings valuation ratio. Insurance products are offered through LPL or its licensed affiliates.

Asset Allocation 52

Asset Allocation Marketing Marketing Assets 52

James Hendries

AUGUST 15, 2022

But that doesn’t change our belief that stocks have more room to run through year end and into 2023. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. All index data from FactSet.

Marketing 52

Marketing Marketing Economy Valuation 52

James Hendries

JULY 13, 2022

The Committee also lowered its S&P 500 Index year-end fair value target range to 4,300—4,400, based on a price-to-earnings ratio (PE) of 18-19 and an earnings per share (EPS) forecast of $235 for 2023. It is also a major component used to calculate the price-toearnings valuation ratio. Click here to download a PDF of this report.

Portfolio 52

Portfolio Asset Allocation Taxes Investment Advisor 52

James Hendries

SEPTEMBER 20, 2022

While we don’t think a recession is likely this year, we do think it’s roughly a 50/50 proposition in 2023. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. All index data from FactSet.

Marketing 52

Marketing Marketing Economy Economics 52

The Big Picture

SEPTEMBER 5, 2023

And we’d sort of turn that into a valuation business. MILLER: Well actually I thought, leading up to the great financial crisis, I thought to myself, we’re going to be out of business within a couple of years because nobody wanted an independent valuation. ” I dubbed 2023 the year of disappointment.

Sales 130

Sales Numbers Taxes Marketing 130

James Hendries

JULY 6, 2022

While we acknowledge that a V-shaped recovery is probably not in the cards and prior valuation targets no longer appear achievable, we remain constructive on equities for the second half, but not complacent. Remember stock valuations are inversely correlated to inflation and interest rates. So a P/E over 20 is probably too rich.

Marketing 52

Marketing Marketing Valuation Economy 52

James Hendries

FEBRUARY 27, 2023

It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. It is also a major component used to calculate the price-to-earnings valuation ratio. All index data from FactSet.

Marketing 52

Marketing Marketing Government Economy 52

James Hendries

JULY 21, 2022

Lower inflation tends to bring higher valuations (Fig.1). The market clearly does not expect 8 – 9% inflation to persist based on current stock valuations, but whether inflation eventually settles at 3% or 4% will go a long way toward determining how much higher stock valuations can go from current levels. If the U.S.

Management 52

Management Marketing Marketing Valuation 52