Howard Silverblatt

Senior Index Analyst
S&P Dow Jones Indices
Biography

Howard Silverblatt is Senior Industry Analyst, Index Investment Strategy, for S&P Dow Jones Indices (S&P DJI). In addition to general market research and commentary, Howard is responsible for the statistical analysis of S&P DJI’s family of U.S. Indices, including the world’s most followed stock market index, the S&P 500®.

Howard has been with Standard & Poor’s since 1977, and has held various analytic, business development, and product positions. He joined S&P Indices in 1983 as an editor, and has since received numerous corporate and industry awards, most notably for his work on the creation and development of Standard & Poor’s core earnings and Global Industry Classification Standard (GICS®). Howard is widely quoted in top tier news publications around the world, providing in-depth analysis and information on a myriad of topics impacting the investment industry.

Howard graduated with a B.S. in Business Management from Syracuse University.

Author Archives: Howard Silverblatt

Stay or Leave, the Brexit Vote Will Have an Impact

The latest weekend survey by the Daily Mail predicted the outcome of the June 23, 2016, U.K. vote in the “stay” column 45%-42%, as European markets either ralied or rebound on the news—depending on their timing and view of the situation.  The vote, which has been talked about for a while, came to the front Read more […]

SmallCap Dividends: We all laughed at technology dividends a dozen years ago

From the end of 2013 there has been a 10.2% increase in the number of issues paying a dividend in the S&P SmallCap 600. Initiating a dividend represents a broad commitment of future earnings, to which companies need to be very sure of their future cash-flow.  On an index market-size level, SmallCap yields remains at Read more […]

Apple Set to Join the Dow Jones Industrial Average

S&P Dow Jones Indices announced that Apple (AAPL) will be added to the Dow Jones Industrial Average, replacing AT&T (T), after the close of business on March 18, 2015; release attached. All data is based on last night’s close, and will be finalized after the close of March 18, 2015.  American Telephone & Telegraph was Read more […]

S&P 500 Pensions and OPEB: good for companies, not good for our retirement

S&P has released their annual S&P 500 Pension report (which is available on its website at www.spdji.com or directly at bit.ly/1jPIDiE ). The short bottom line is that, in aggregate, pensions and OPEBs have become an acceptable and manageable expense for S&P 500 issues with respect to their underlying assets, earnings and cash-flow. For individuals, Read more […]

Caught between a rock and hard place – Congress

Caught between a rock and hard place – Congress, and in an election year no less (definitely a commentary, and not a company endorsed position) Congress needs money – to spend (extending existing programs), and raising taxes only tends to be popular when the payer doesn’t pay taxes (or pays very little) or doesn’t contribute Read more […]

Buying A Tail Wind For EPS

Commentary (ain’t no bodies opinion but my own): Companies reached into their deep pockets this quarter and spent an extra $30 billion more than the prior quarter on buybacks, buying more than they issued and reducing their share count Takeaway: companies bought a tail wind for EPS, in a quarter when they needed it most Read more […]

But Will They Return?

The key bar-room conversation this week has not been the stock market highs, or concern over elevated P/Es, or when a correction might arrive (the last one being in 2011 for big-caps), or even the increased M&A premiums being paid. It was stock splits, inspired by Apple’s 7-for-1 and the recollection, for those who have Read more […]

Another Double-digit Pay Raise (it’s not just executives)

S&P 500 DIVIDENDS ON TRACK FOR DOUBLE-DIGIT INCREASE IN CASH PAYMENTS IN 2014: PAID 5 MO MAY,’14 + CURRENT DECLARED RATE FOR THE NEXT 7 MO = 10.5% INCREASE OVER 2013 Absent quick dividend cuts, it would appear we are past the point of not posting a double-digit gain in actual cash dividends payments for Read more […]

Initial Q1,’14 S&P 500 stats:

With 95% of EPS reported and approximately 80% of the data items collected via S.E.C. documents: Buybacks: Buybacks are on track to be the second highest on record, as more companies do Share Count Reduction (SCR), therefore giving their EPS a tailwind. With over 90% of the issues reported, 119 issues have decreased their share Read more […]

Sectors: A tale of American Culture

The makeup of the S&P 500 reflects the U.S. overall big-cap public market, and while it’s relevance to investing is well known, it is also a reflection on the changes in U.S. culture. Last December Facebook was added to the S&P 500, signaling the importance of social media. The prior month J.C. Penney was removed, Read more […]