Us consensus revision

================================================================================ 美股專家認為 June 4 June 1 May 31 -Daily Change- Analyst 獲利預估若一直向上修正，容易有正的驚奇史，對股價有激勵效果 2012 2012 2012 Percent Level Rating ================================================================================ ----- Calendar 2Q 2012 EPS Estimate Revisions---- Higher estimates 6 6 8 Lower estimates 35 24 14 -------------------------------------------------------------------------------- SanDisk $0.20 $0.19 $0.19 5.3% $0.01 4.00 Mattel Inc $0.21 $0.20 $0.20 5.0% $0.01 4.36 Gap Inc/The $0.38 $0.37 $0.37 2.7% $0.01 3.36 Monsanto Co $1.49 $1.46 $1.42 2.1% $0.03 4.09 SCANA Corp. $0.50 $0.49 $0.49 2.0% $0.01 3.31 Apple Inc $10.31 $10.30 $10.30 0.1% $0.01 4.75 Google Inc-Cl A $10.17 $10.18 $10.18 -0.1% -$0.01 4.69 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Chevron Corp $3.38 $3.39 $3.39 -0.3% -$0.01 4.31 Apache Corp $2.91 $2.92 $2.93 -0.3% -$0.01 4.48 Exxon Mobil Corp $2.08 $2.09 $2.09 -0.5% -$0.01 4.15 Occidental Petroleum $1.99 $2.00 $2.01 -0.5% -$0.01 4.48 Cliffs Natural Resources $1.95 $1.96 $1.96 -0.5% -$0.01 4.13 Hess Corp $1.65 $1.66 $1.66 -0.6% -$0.01 3.76 Amgen Inc $1.53 $1.54 $1.54 -0.6% -$0.01 3.71 Valero Energy Corp $1.50 $1.51 $1.51 -0.7% -$0.01 3.89 Murphy Oil Corp $1.42 $1.43 $1.43 -0.7% -$0.01 3.79 Philip Morris Int. $1.35 $1.36 $1.36 -0.7% -$0.01 4.23 Noble Energy Inc $1.33 $1.34 $1.35 -0.7% -$0.01 4.35 EOG Resources $1.08 $1.09 $1.09 -0.9% -$0.01 4.24 Citigroup Inc $0.99 $1.00 $1.00 -1.0% -$0.01 4.06 Kohls Corp $0.97 $0.98 $1.02 -1.0% -$0.01 4.08 JPMorgan Chase & Co $0.88 $0.89 $0.89 -1.1% -$0.01 4.38 Pall Corp $0.85 $0.86 $0.86 -1.2% -$0.01 3.55 PACCAR Inc. $0.84 $0.85 $0.85 -1.2% -$0.01 3.70 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Exelon Corp $0.72 $0.73 $0.73 -1.4% -$0.01 3.57 Microsoft Corp $0.65 $0.66 $0.66 -1.5% -$0.01 4.28 United States Steel $0.65 $0.66 $0.66 -1.5% -$0.01 3.43 Noble Corp. $0.60 $0.61 $0.62 -1.6% -$0.01 4.51 Marathon Petroleum Corp $2.30 $2.34 $2.34 -1.7% -$0.04 4.35 DENTSPLY International $0.56 $0.57 $0.57 -1.8% -$0.01 3.63 Nucor Corp $0.56 $0.57 $0.57 -1.8% -$0.01 3.96 Spectra Energy Corp $0.41 $0.42 $0.42 -2.4% -$0.01 3.71 Joy Global $1.91 $1.97 $2.05 -3.0% -$0.06 4.50 Dean Foods Co $0.30 $0.31 $0.31 -3.2% -$0.01 3.83 DTE Energy $0.54 $0.56 $0.56 -3.6% -$0.02 3.57 Applied Materials Inc $0.25 $0.26 $0.26 -3.8% -$0.01 3.52 Sunoco Inc $0.25 $0.26 $0.26 -3.8% -$0.01 3.67 Goldman Sachs Group $2.34 $2.45 $2.51 -4.5% -$0.11 3.58 Micron Technology -$0.19 -$0.18 -$0.18 -5.6% -$0.01 4.46 Legg Mason Inc $0.30 $0.33 $0.33 -9.1% -$0.03 3.56 Oneok Inc $0.34 $0.68 $0.68 -50.0% -$0.34 3.92 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ ----- Calendar 3Q 2012 EPS Estimate Revisions---- Higher estimates 7 4 8 Lower estimates 42 25 15 -------------------------------------------------------------------------------- Amazon.Com Inc $0.14 $0.13 $0.14 7.7% $0.01 4.26 DTE Energy $1.11 $1.09 $1.09 1.8% $0.02 3.57 Northeast Utilities $0.57 $0.56 $0.56 1.8% $0.01 4.00 Valero Energy Corp $1.34 $1.32 $1.32 1.5% $0.02 3.89 KLA-Tencor $1.21 $1.20 $1.20 0.8% $0.01 4.00 Tesoro Corp $1.53 $1.52 $1.52 0.7% $0.01 3.78 CME Group $4.14 $4.13 $4.13 0.2% $0.01 3.86 Blackrock Inc. $3.30 $3.31 $3.31 -0.3% -$0.01 3.90 Goldman Sachs Group $2.26 $2.27 $2.28 -0.4% -$0.01 3.58 Prudential Financial $1.65 $1.66 $1.66 -0.6% -$0.01 4.57 Chevron Corp $3.28 $3.30 $3.30 -0.6% -$0.02 4.31 JM Smucker $1.48 $1.49 $1.49 -0.7% -$0.01 3.75 Cummins Inc $2.66 $2.68 $2.68 -0.7% -$0.02 4.30 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Hasbro Inc $1.32 $1.33 $1.33 -0.8% -$0.01 3.67 Devon Energy Corp $1.30 $1.31 $1.32 -0.8% -$0.01 4.42 Eaton Corp $1.22 $1.23 $1.23 -0.8% -$0.01 4.26 EOG Resources $1.21 $1.22 $1.24 -0.8% -$0.01 4.24 Coca-Cola Co/The $1.09 $1.10 $1.10 -0.9% -$0.01 4.31 Occidental Petroleum $2.11 $2.13 $2.16 -0.9% -$0.02 4.48 Anadarko Petroleum $1.03 $1.04 $1.04 -1.0% -$0.01 4.47 Diamond Offshore Drilling $1.02 $1.03 $1.03 -1.0% -$0.01 3.44 Exxon Mobil Corp $2.04 $2.06 $2.06 -1.0% -$0.02 4.15 Apache Corp $3.02 $3.05 $3.07 -1.0% -$0.03 4.48 State Street Corp $1.00 $1.01 $1.01 -1.0% -$0.01 4.25 Ventas Inc $0.94 $0.95 $0.95 -1.1% -$0.01 3.24 Pall Corp $0.77 $0.78 $0.78 -1.3% -$0.01 3.55 Northern Trust Corp $0.76 $0.77 $0.77 -1.3% -$0.01 3.17 Rowan Companies $0.75 $0.76 $0.77 -1.3% -$0.01 4.25 Pioneer Natural Resources $1.45 $1.47 $1.50 -1.4% -$0.02 4.33 Philip Morris Int. $1.41 $1.43 $1.43 -1.4% -$0.02 4.23 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Jabil Circuit Inc $0.69 $0.70 $0.71 -1.4% -$0.01 4.67 Marathon Petroleum Corp $1.76 $1.79 $1.79 -1.7% -$0.03 4.35 Noble Energy Inc $1.61 $1.64 $1.65 -1.8% -$0.03 4.35 Hess Corp $1.60 $1.63 $1.63 -1.8% -$0.03 3.76 Murphy Oil Corp $1.41 $1.44 $1.44 -2.1% -$0.03 3.79 Marathon Oil Corp $0.89 $0.91 $0.91 -2.2% -$0.02 3.95 PACCAR Inc. $0.83 $0.85 $0.85 -2.4% -$0.02 3.70 Carefusion Corp $0.39 $0.40 $0.40 -2.5% -$0.01 4.47 Spectra Energy Corp $0.39 $0.40 $0.40 -2.5% -$0.01 3.71 Microsoft Corp $0.71 $0.73 $0.73 -2.7% -$0.02 4.28 United States Steel $0.52 $0.54 $0.54 -3.7% -$0.02 3.43 Range Resources $0.22 $0.23 $0.23 -4.3% -$0.01 3.84 Joy Global $2.04 $2.14 $2.32 -4.7% -$0.10 4.50 Schwab (Charles) Corp $0.18 $0.19 $0.19 -5.3% -$0.01 3.42 Monsanto Co -$0.35 -$0.33 -$0.31 -6.1% -$0.02 4.09 SanDisk $0.39 $0.42 $0.42 -7.1% -$0.03 4.00 Cabot Oil & Gas Corp $0.09 $0.10 $0.10 -10.0% -$0.01 3.80 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Chesapeake Energy $0.07 $0.08 $0.08 -12.5% -$0.01 3.62 Oneok Inc $0.35 $0.67 $0.67 -47.8% -$0.32 3.92 ---- Calendar 4Q 2012 EPS Estimate Revisions--- Higher estimates 11 7 7 Lower estimates 43 29 14 ------------------------------------------------------------------------------- Denbury Resources Inc $0.43 $0.41 $0.41 4.9% $0.02 4.61 Lowe’s Cos $0.27 $0.26 $0.26 3.8% $0.01 4.07 SCANA Corp. $0.81 $0.79 $0.79 2.5% $0.02 3.31 JM Smucker $1.52 $1.49 $1.49 2.0% $0.03 3.75 DTE Energy $1.08 $1.06 $1.06 1.9% $0.02 3.57 Valero Energy Corp $0.55 $0.54 $0.54 1.9% $0.01 3.89 Microsoft Corp $0.89 $0.88 $0.88 1.1% $0.01 4.28 Citigroup Inc $1.03 $1.02 $1.02 1.0% $0.01 4.06 Nordstrom Inc $1.31 $1.30 $1.30 0.8% $0.01 4.08 CR Bard $1.76 $1.75 $1.75 0.6% $0.01 3.19 ConocoPhillips $1.81 $1.80 $1.80 0.6% $0.01 3.55 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ CME Group $4.27 $4.28 $4.28 -0.2% -$0.01 3.86 Blackrock Inc. $3.67 $3.68 $3.68 -0.3% -$0.01 3.90 Goldman Sachs Group $3.16 $3.17 $3.18 -0.3% -$0.01 3.58 Cummins Inc $2.84 $2.85 $2.85 -0.4% -$0.01 4.30 Cliffs Natural Resources $2.76 $2.77 $2.77 -0.4% -$0.01 4.13 Best Buy Co Inc $2.15 $2.16 $2.16 -0.5% -$0.01 3.07 Abercrombie & Fitch $2.08 $2.09 $2.09 -0.5% -$0.01 3.67 Devon Energy Corp $1.45 $1.46 $1.47 -0.7% -$0.01 4.42 EOG Resources $1.36 $1.37 $1.39 -0.7% -$0.01 4.24 AON Corp $1.25 $1.26 $1.26 -0.8% -$0.01 3.76 Philip Morris Int. $1.22 $1.23 $1.23 -0.8% -$0.01 4.23 Anadarko Petroleum $1.16 $1.17 $1.18 -0.9% -$0.01 4.47 Mattel Inc $1.15 $1.16 $1.16 -0.9% -$0.01 4.36 McCormick & Co. $1.12 $1.13 $1.13 -0.9% -$0.01 4.13 Chevron Corp $3.35 $3.38 $3.38 -0.9% -$0.03 4.31 Occidental Petroleum $2.18 $2.20 $2.22 -0.9% -$0.02 4.48 Accenture PLC $1.06 $1.07 $1.07 -0.9% -$0.01 4.27 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Exxon Mobil Corp $2.12 $2.14 $2.14 -0.9% -$0.02 4.15 Apache Corp $3.15 $3.18 $3.20 -0.9% -$0.03 4.48 Express Scripts Inc $1.02 $1.03 $1.03 -1.0% -$0.01 4.74 Hess Corp $1.75 $1.77 $1.77 -1.1% -$0.02 3.76 Edwards Lifesciences $0.82 $0.83 $0.83 -1.2% -$0.01 4.25 General Mills Inc $0.82 $0.83 $0.83 -1.2% -$0.01 4.24 Northern Trust Corp $0.78 $0.79 $0.79 -1.3% -$0.01 3.17 Pioneer Natural Resources $1.56 $1.58 $1.60 -1.3% -$0.02 4.33 Rowan Companies $0.75 $0.76 $0.77 -1.3% -$0.01 4.25 Kellogg Co $0.68 $0.69 $0.69 -1.4% -$0.01 3.55 Northeast Utilities $0.68 $0.69 $0.69 -1.4% -$0.01 4.00 Eaton Corp $1.23 $1.25 $1.25 -1.6% -$0.02 4.26 Altera Corporation $0.51 $0.52 $0.52 -1.9% -$0.01 4.03 Morgan Stanley $0.49 $0.50 $0.50 -2.0% -$0.01 3.48 Marathon Oil Corp $0.93 $0.95 $0.95 -2.1% -$0.02 3.95 PACCAR Inc. $0.90 $0.92 $0.92 -2.2% -$0.02 3.70 Marathon Petroleum Corp $0.81 $0.83 $0.83 -2.4% -$0.02 4.35 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Murphy Oil Corp $1.52 $1.56 $1.56 -2.6% -$0.04 3.79 Range Resources $0.32 $0.33 $0.33 -3.0% -$0.01 3.84 Applied Materials Inc $0.26 $0.27 $0.27 -3.7% -$0.01 3.52 United States Steel $0.50 $0.52 $0.52 -3.8% -$0.02 3.43 SanDisk $0.64 $0.67 $0.67 -4.5% -$0.03 4.00 KeyCorp $0.19 $0.20 $0.20 -5.0% -$0.01 3.44 MetroPCS Communications $0.15 $0.16 $0.16 -6.3% -$0.01 3.13 Joy Global $1.49 $1.61 $1.72 -7.5% -$0.12 4.50 Oneok Inc $0.48 $0.96 $0.96 -50.0% -$0.48 3.92 ---- Calendar 1Q 2013 EPS Estimate Revisions--- Higher estimates 8 10 10 Lower estimates 29 24 12 ------------------------------------------------------------------------------- Tesoro Corp $0.68 $0.65 $0.65 4.6% $0.03 3.78 Best Buy Co Inc $0.60 $0.58 $0.58 3.4% $0.02 3.07 Valero Energy Corp $0.77 $0.75 $0.75 2.7% $0.02 3.89 Microsoft Corp $0.71 $0.70 $0.70 1.4% $0.01 4.28 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Bed Bath & Beyond Inc $1.69 $1.68 $1.68 0.6% $0.01 4.07 Capital One Financial $1.79 $1.78 $1.78 0.6% $0.01 4.47 Cliffs Natural Resources $2.08 $2.07 $2.07 0.5% $0.01 4.13 McKesson $2.33 $2.32 $2.32 0.4% $0.01 4.42 Google Inc-Cl A $11.80 $11.82 $11.82 -0.2% -$0.02 4.69 FedEx Corp. $1.63 $1.64 $1.64 -0.6% -$0.01 4.46 American Express Co $1.13 $1.14 $1.14 -0.9% -$0.01 3.83 Exxon Mobil Corp $2.14 $2.16 $2.16 -0.9% -$0.02 4.15 Chevron Corp $3.16 $3.19 $3.19 -0.9% -$0.03 4.31 Occidental Petroleum $2.17 $2.20 $2.23 -1.4% -$0.03 4.48 Devon Energy Corp $1.44 $1.46 $1.51 -1.4% -$0.02 4.42 Jabil Circuit Inc $0.70 $0.71 $0.71 -1.4% -$0.01 4.67 Northeast Utilities $0.68 $0.69 $0.69 -1.4% -$0.01 4.00 Philip Morris Int. $1.35 $1.37 $1.37 -1.5% -$0.02 4.23 JM Smucker $1.23 $1.25 $1.19 -1.6% -$0.02 3.75 Spectra Energy Corp $0.61 $0.62 $0.62 -1.6% -$0.01 3.71 EOG Resources $1.20 $1.22 $1.30 -1.6% -$0.02 4.24 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Pioneer Natural Resources $1.53 $1.56 $1.58 -1.9% -$0.03 4.33 Marathon Oil Corp $0.93 $0.95 $0.95 -2.1% -$0.02 3.95 Joy Global $2.11 $2.16 $2.15 -2.3% -$0.05 4.50 Cummins Inc $2.50 $2.56 $2.56 -2.3% -$0.06 4.30 Anadarko Petroleum $1.14 $1.17 $1.19 -2.6% -$0.03 4.47 Eaton Corp $1.07 $1.10 $1.10 -2.7% -$0.03 4.26 Noble Energy Inc $1.78 $1.83 $1.89 -2.7% -$0.05 4.35 Hess Corp $1.82 $1.89 $1.89 -3.7% -$0.07 3.76 Sara Lee Corp $0.26 $0.27 $0.27 -3.7% -$0.01 3.77 Murphy Oil Corp $1.45 $1.51 $1.51 -4.0% -$0.06 3.79 Chesapeake Energy $0.37 $0.39 $0.40 -5.1% -$0.02 3.62 PACCAR Inc. $0.83 $0.88 $0.88 -5.7% -$0.05 3.70 Range Resources $0.30 $0.32 $0.34 -6.3% -$0.02 3.84 Cabot Oil & Gas Corp $0.13 $0.14 $0.14 -7.1% -$0.01 3.80 MetroPCS Communications $0.08 $0.10 $0.10 -20.0% -$0.02 3.13 Oneok Inc $0.80 $1.55 $1.55 -48.4% -$0.75 3.92 ---- Calendar 2Q 2013 EPS Estimate Revisions--- ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst 2012 2012 2012 Percent Level Rating ================================================================================ Higher estimates 8 8 12 Lower estimates 33 33 9 ------------------------------------------------------------------------------- Gap Inc/The $0.44 $0.42 $0.42 4.8% $0.02 3.36 Forest Laboratories $0.34 $0.33 $0.33 3.0% $0.01 3.48 Airgas Inc $1.31 $1.29 $1.29 1.6% $0.02 4.38 Tesoro Corp $1.52 $1.51 $1.52 0.7% $0.01 3.78 Capital One Financial $1.73 $1.72 $1.72 0.6% $0.01 4.47 CR Bard $1.77 $1.76 $1.76 0.6% $0.01 3.19 ConocoPhillips $1.91 $1.90 $1.90 0.5% $0.01 3.55 Prudential Financial $1.91 $1.90 $1.90 0.5% $0.01 4.57 Chevron Corp $3.30 $3.32 $3.32 -0.6% -$0.02 4.31 Marathon Petroleum Corp $2.22 $2.24 $2.24 -0.9% -$0.02 4.35 Exxon Mobil Corp $2.12 $2.14 $2.14 -0.9% -$0.02 4.15 Pall Corp $0.97 $0.98 $0.98 -1.0% -$0.01 3.55 Procter & Gamble $0.91 $0.92 $0.92 -1.1% -$0.01 4.03 Medtronic Inc $0.88 $0.89 $0.89 -1.1% -$0.01 3.83 ================================================================================ June 4 June 1 May 31 -Daily Change- Analyst SOURCE: Bloomberg

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20160520資產配置，該動態還是靜態及 ishare 資產配置系列ETF介紹

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20160520 資產配置，該動態還是靜態 ishare 資產配置系列 ETF 介紹           由於綠角大沒有著墨太多這個系列 ETF 介紹，我來寫寫看                 首先是資產配置，我曾經在一次聚會中分享對資產配置的看法（ http://goo.gl/bkrWPq ），當市場產生大幅變動時，資產配置是一個簡單有效的減少風險的作法，太多的動態操作，往往討不到好處。 通常：靜態資產配置長期效果 > 動態配置！！   元大曾經發行一檔全球 ETF 組合基金，有穩健與成長兩個系列，兩檔都是投資在 ETF ，並依照風險屬性，進行動態操作。但自發行日（ 2006 ）迄今（ 2016/4 月報），約十年期間，累積報酬為 0.5 ％，如果拿來與 ishare 資產配置的同等系列比較， 績效更是天差地遠 ，顯示長期來看，靜態資產配置（下圖橘線）反而贏過動態操作（白線）。（績效比較如下圖） 簡單的結論就是靜態的資產配置就很好用了，不用去找其他投資的聖杯。 除了靜態資產配置是 ishare 這個系列的一大優點以外，裡頭配備低成本 + 高品質的 ETF 更是大大加分！！！ 下圖可以看到，這個系列共有四種風險屬性的 ETF 可以使用，從最保守到最積極都有。 普遍費用率都低至 0.25 ％以下，比一般共同基金動輒 2 ％或者其他高成本的投資型保單更是享有巨大優勢。 這四支 ETF 依照上述的風險屬性，配置不同股債比例，並遍佈全球的股與債。 投資績效如下，自 2008/11 迄今，從保守到積極，績效年化從 5 ～ 10 ％，相當可圈可點。 在上圖可以看到紅框，由於是 ETF of ETF ， ishare 針對這個架構可能造成成本過高，有給予減免，持續到 2016 年，讓喜好資產配置的客戶，使用低成本的指數化工具，幾乎是美國 ETF 行業的普遍共識了！ 波動性小，更是這個系列的優點 ，讓你不會在低檔時，輕易打開電腦、拿起滑鼠，點選賣出！以穩健組合 AOM 來看，標準差低至 6.6 ％，比一般股價指數 15 ％的年標準差更是低了許多！ 至於股債配置的優點，以穩健組合的 AOM 與 S&
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