Quarterly Market Outlook Reports
Each Quarter, our team of portfolio managers meet to discuss the trends of the previous and upcoming quarter. We assemble the trends, the impact to our portfolios and discuss which moves are prudent for the coming weeks and months. And we deliver this analysis to you every three months.
Third Quarter, 2026
The big news is that Nvidia announced a $150 billion share buyback, which is an all-time record. The previous record was a $110 billion share buyback by Apple in 2024. Interestingly, Nvidia has not completed its previously authorized share buyback, so it can now buyback $235 billion of outstanding shares. For trillion dollar companies, it appears that the physics may sometimes impede a stock’s potential appreciation, so these massive stock buyback announcements are a positive development. Nvidia currently trades at 24.6 times forecasted fiscal 2028 earnings, while Apple trades at 38.5 times 2027 forecasted earnings. We stand by our
prediction that Nvidia will hit $300 by the end of this …
Second Quarter, 2026
The second quarter was the best performing quarter for both the NASDAQ Composite and the S&P 500 in the past six years, so expectations remain very high since economic growth is clearly accelerating. Our favorite economist, Ed Yardeni, pointed out that we are in the midst of a FOMO (Fear of Missing Out) market and industry analysts are estimating that the S&P 500 will post 26.1% annual earnings growth for 2026 and 17.8% for 2027.
Since our fundamentally superior stocks are not appreciating as fast as their underlying earnings, price to-earnings (PE) ratios are being compressed. The stock market is expected to remain strong …
First Quarter, 2026
Our growth portfolios got off to a great start in January and February as wave after wave of positive sales and earnings announcements propelled our fundamentally superior stocks higher. There was some consolidation in March due to the war with Iran, but before a ceasefire was announced, our growth portfolios resurged from quarter-end window dressing. I think it is fair to say that the excitement about the upcoming quarterly announcement season is building. In fact, FactSet reported the strongest positive analyst earnings revisions in the past five years, so we have a lot to look forward to in the upcoming weeks! As always, we are “locked and loaded” for another earnings announcement season.
Fourth Quarter, 2025
Our growth portfolios are already off to a great start in 2026! As always, we are “locked and loaded” for another earnings announcement season. Our forecasted sales and earnings for our portfolios are available on the following links:
https://navellier.com/sales-and-earnings-projections-large-cap/
https://navellier.com/sales-and-earnings-projections-small-to-mid/
https://navellier.com/sales-and-earnings-projections-all-cap/
Third Quarter, 2025
Our growth portfolios continued to perform exceptionally well in the third quarter, despite the fact that August and September are seasonally weak months. The fourth quarter is a seasonally strong period and we are expecting an “early January effect” for small-to-mid capitalization stocks. As always, we are “locked and loaded” for another earnings announcement season. Our forecasted sales and earnings for our portfolios are available on our website at the address below:
https://navellier.com/sales-and-earnings-projections/
Due to the positive sales and earnings …