SPVM

Invesco 500 Value with Momentum ETF declares quarterly distribution of $0.1840

Invesco 500 Value with Momentum ETF (NYSEARCA:SPVM) - $0.1840. 30-Day SEC Yield of 1.39% as of Sept. 17. Payable Sep 30; for shareholders of record Sep 21; ex-div Sep 20.

Invesco 500 Value with Momentum ETF declares quarterly distribution of $0.1628

Invesco 500 Value with Momentum ETF (SPVM) - $0.1628.30-Day SEC Yield of 1.44% as of June 18.Payable Jun 30; for shareholders of record Jun 22; ex-div Jun 21.

Weekly Earnings And A Look At S&P 500's Valuation Metrics

The "average" expected S&P 500 EPS growth for calendar 2020 and 2021 is still 4%.The S&P 500 earnings yield has jumped to 4.64% versus last week's 4.35%, or the highest earnings yield since early May '20.The pullback in the S&P 500 and the Nasdaq is in fact helping the S&P earnings yield work its way higher as forward earnings continue to improve.

Quarter-End Data Points And Top 10 Holdings

Final Q2 '20 data shows that the final bottom-up estimate for Q2 '20 was $27.98. The estimate started the quarter at $23.16.The initial Q3 '20 "bottom-up estimate is $32.85. By the time we see Christmas Day, this estimate should be up near $35.The sectors with the sharpest improvement already heading into Q3 '20 earnings are Consumer Discretionary, Financials, and Materials.

S&P 500 Forward EPS Estimates Still Increasing

S&P 500 earnings data (courtesy of IBES data by Refinitiv) continues to show positive sequential increases in weekly S&P 500 earnings estimates for various time frames.The correction being seen in the US equity market - at least so far anyway - isn't supported by a degradation in either the forward 4-quarter S&P 500 EPS estimate or the various time frames covered by the S&P 500's "forward earnings curve".Despite the sharp drop in the large-cap Tech stocks, the Tech sector estimates haven't changed that much.

The Week The Market Rally's Lack Of Breadth Caught Up To The S&P 500

Over the last several weeks, the S&P 500 has been on a tear, setting records on an almost daily basis despite lacking breadth, with the biggest rises in stock prices concentrated in the technology sector.Until last week, when what we've described as a bubble in stock prices appears to suddenly pop after spiking up to hit an all-time high.Remarkably, the S&P 500 waited to exit the redzone forecast range we've been focused upon for the last six weeks in the alternative futures chart.

S&P 500 Intrinsic Value Update

There is considerable capital likely to be deployed into equities as investor pessimism eases into optimism.Other than the FAANG issues, there are many equity opportunities yet available.Buy stocks of well-managed companies with active insider buying.