The Standard and Poors 500 Index, a U.S. market benchmark, is quoted daily, with institutional and personal investments mirroring its ebbs and flows. In his 2017 Annual Letter to Shareholders, Mr. Warren Buffet shared findings of a financial experiment he conducted between 2008 and 2017. In this experiment, Mr. Buffet quantified the value in passively investing in the Standard and Poors 500 Index compared to having an energetic style. Passively Investing in the S&P 500 delivered a 2.0% better-annualized return. Launched in 2018, the Fidelity ZERO Large Cap Index Fund (FNILX) speaks to Mr. Buffets’ advice of investing in a “virtually cost-free” index fund. In reality, the FNILX Index Fund is cost-free, i.e., no expense ratio, an index fund that looks almost like the Standard and Poors 500 Index.
Walmart, Target, Home Depot, and Lowes reported and beat earnings estimates last week. For the past year, shares of Target, Home Depot, and Lowes have received much media attention for their share price performance, and rightfully so. So instead of looking at the three performers, I wanted to look at the laggard, Walmart Inc. In this post, I compare the number of retail locations to the Price to Sales Ratio to gauge the collective and highlight two headwinds that could derive positive results- An increase in SNAP benefits and Walmart Health. Included are four charts- WMT vs. TGT vs. HD vs. LOW Share Price Performance Since Jan 2020, Location Count by State, Net Sales from Q1 19 to Q2 21, and WMT vs. TGT vs. LOW vs. NOBL Share Price Performance Since Jan 2020.
Trimble Inc (NASDAQ: TRMB) reported Second Quarter Fiscal Year 2021 Results in which the provider of location-based solutions registered $945.2 million in Total Revenues, up 28.84% from $733.6 million in Q2 20. Leslies Inc (NASDAQ: LESL) shared Third Quarter Fiscal Year 2021 Results in which the Direct to Consumer Pool and Spa Care Brand registered Sales of $596.54 million for Q3 21 compared to $479.93 million in Q3 20. Shares of Trimble Inc, a Standard and Poors 500 component, are up 34.89% compared to the index, which is up 19.68% for 2021. Leslie Inc is down 15.01% for the year after being up almost 9.95% since its IPO in late October 2020.
After a soft-IPO debut on July 29, 2021, Robinhood Markets Inc (NASDAQ: HOOD) closed 24.20% higher at the end of the trading session on August 3, 2021. Other trading platforms that are publicly traded include Charles Schwab Corp (NYSE: SCHW) and Interactive Brokers Group Inc (NASDAQ: IBKR). As of their recently published financial statements, Robinhood Markets Inc had 18 million accounts, Charles Schwab 32.27 million accounts, and Interactive Brokers 1.41 million accounts. Other metrics such as Total Assets and a unique asset class highlight Robinhood Markets Inc’s unique product offering.
Every day, the largest publicly traded company, Apple Inc, is unequally ranked among the Dow Jones Industrial Average and Standard & Poor’s 500 Index. This is because of the nature of the beast itself. Meaning due to the market-capitalization-weighted nature of the Standard and Poors 500, Apple Inc is ranked number one compared to number eighteen on Dow Jones Industrial Average, a price-weighted index. However, even though the Dow Jones Industrial Average is a celebrity index, it can offer particular insights and perspectives into a select core of securities when reviewed using the Dow Jones Industrial Average Equal Weighted Index.