As prices of 17 stocks fell during the week ending August 16 and just two rose, the PE for the market, based on historical earnings averages 13.5 and 5.8 using this current year’s projected earnings at the end of the previous week but they have declined this past week to 13 and 5.3, respectively with the averages including some negative PEs.
While the fall in the market is down 12 percent for the year to date and seems set to decline further, stocks are getting more attractively priced for investors who want to buy into the market at lower prices that are more attractive with greater potential for above average gains ahead.
The attached chart points to some of the likely gains ahead in the last two columns.
Declining values for stocks in Trinidad
August 19, 2024 by