Sweet 16 Update - September 16
Posted: Sat Sep 13, 2014 6:23 pm
The Sweet 16 Growth Portfolio spreadsheet has been updated and posted to the website:
> Tab 1 of the spreadsheet is a summary of the EPS and CFPS forecasts,
> Tab 2 shows my Fair Value Estimate compared to First Call's Price Target for each company as of 9-13-2014
Overall, the Sweet 16 pulled back by about 5% over the last week, primarily because of the market's concerns over oil prices. Keep in mind that the oil price you see quoted each day in the news is the price of the front month NYMEX contract. A few dollars of the recent dip is directly related to the stronger U.S. dollar. There is a strong support level for WTI at $90/bbl and all of the Sweet 16 will be fine if oil holds near these levels. As I have posted here many times, September is ALWAYS a soft month for oil demand. Demand will pick up in October. A cold winter is on the way (see Dr. Joe Bastardi's weekend update at www.weatherbell.com)
I am working on the next edition of The View From Houston, which I hope to send out on Monday or Tuesday. I will have a lot more to say about the Sweet 16 and our other model portfolio companies in the newsletter.
I am making a few changes to our Small-Cap Growth Portfolio in this newsletter.
> Tab 1 of the spreadsheet is a summary of the EPS and CFPS forecasts,
> Tab 2 shows my Fair Value Estimate compared to First Call's Price Target for each company as of 9-13-2014
Overall, the Sweet 16 pulled back by about 5% over the last week, primarily because of the market's concerns over oil prices. Keep in mind that the oil price you see quoted each day in the news is the price of the front month NYMEX contract. A few dollars of the recent dip is directly related to the stronger U.S. dollar. There is a strong support level for WTI at $90/bbl and all of the Sweet 16 will be fine if oil holds near these levels. As I have posted here many times, September is ALWAYS a soft month for oil demand. Demand will pick up in October. A cold winter is on the way (see Dr. Joe Bastardi's weekend update at www.weatherbell.com)
I am working on the next edition of The View From Houston, which I hope to send out on Monday or Tuesday. I will have a lot more to say about the Sweet 16 and our other model portfolio companies in the newsletter.
I am making a few changes to our Small-Cap Growth Portfolio in this newsletter.