November 16, 2021 | Investment Review

Investment Review - November 2021

  1. The major U.S. stock indices advanced in October. The Dow Jones Industrial Average increased by 5.84%, the S&P 500 was up 6.91%, and the Nasdaq Composite advanced 7.27%.

  2. The U.S. Dollar Index declined slightly by 0.12% in July. The Index measures the value of the U.S. dollar versus six major foreign currencies. A weaker dollar increases the cost of imports, lowers the price of exports to foreign purchasers and increases the value of overseas revenues and profits of international U.S. corporations.

  3. For 2021, the consensus among S&P 500 analysts is expected growth of earnings by 47.6%, revenues by 16.2% and cash flow by 25.6%. Analyst consensus expectations for 2022 call for continued S&P 500 growth as follows: earnings 8.3%, revenues 6.7% and cash flow 15.0%.

Sources: FactSet, Institute for Supply Management (ISM), The Conference Board, U.S. Bureau of Labor Statistics

Disclosure: This commentary reflects the opinions of Welch & Forbes based on information that we believe to be reliable. It is intended for informational purposes only, and not to suggest any specific performance or results, nor should it be considered investment, financial, tax or other professional advice. It is not an offer or solicitation.

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