Stock Market Today: Herbalife’s $1 Billion Bet and Sysco’s Challenge
(The correlation is stronger in developed markets, Klement found, but this may be because developed markets generally have had more reliable data for much longer). Complicating matters is that different countries seem to offer different historic averages for the CAPE. The average in the U.S., going back to the 1870s, is about 16, according to Shillers data. In other countries possibly due to different accounting regimes, which calculate average earnings differently the averages tend to be different. Bottom line? According to Wellershoffs data, as of January 31 the stock markets offering the cheapest CAPE right now, and thus the best prospective profits over five or more years, include Austria, Greece, Italy, Spain, Sweden, Hungary, Russia and Turkey.
But analysts said there could also be an underlying slowdown at work. “True, there are distortions related to the timing of Lunar New Year, and a pollution and corruption crackdown by Beijing, but the message is still that we are seeing slower growth,” Michael Every, head of financial markets research for Asia-Pacific at Rabobank, said in a report. The sell-off in stock markets accelerated after an equivalent U.S. survey showed an unexpected drop in January. The ISM index fell to 51.2 points from 56.5 the previous month.
Weak manufacturing reports hit Asian stock markets
She begins her four-year term as the central bank is steadily closing down its bond-buying program, while still promising to maintain extra low interest rates for a prolonged period. Meanwhile, news is breaking this morning on several stocks that could see heavy trading in today’s session, including Herbalife (NYSE: HLF ) , Sysco (NYSE: SYY ) , andJos. A. Bank (NASDAQ: JOSB ) . Herbalife today provided investors with a “preview” of its fourth-quarter earnings results that are due out on Feb. 18.