Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
Companies that may need time to deliver earnings growth are paying a price this year, according to Jonathan Golub, Credit Suisse Group AG’s chief U.S. equity strategist. Golub showed this in a report Wednesday by analyzing the Russell 1000 growth and value indexes. Stocks in each index were divided into three groups, based on how soon analysts expect annual earnings per share to surpass last year’s level. Companies poised for higher profit in 2020 had the best year-to-date stock performance within the growth and value categories. The Russell 1000’s growth shares fared better in relative terms.