Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut.
At the same time, investors are feeling better about global growth and far less fearful of a recession in the near term. One reason is that China's data has also been picking up. This past week, China reported first-quarter GDPat 6.4%, slightly better than the 6.3% expected by economists. Dan Suzuki, portfolio strategist at Richard Bernstein Advisors, said he still sees deteriorating fundamentals for both earnings and the economy, even though data appears to be improving.
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no 💩! pump & dump is new in 2019 😔🤡
Of course you would run this on a holiday. Nice scam you got there
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Atlassian stock dropped 8% a day after it reported earnings, but Wall Street has 'no fear' about its futureA day after Atlassian reported Q3 earnings, its stock dropped 8%. Wall Street explains why it happened and why they still believe Atlassian will grow. SAI Atlassian products are excellent. Those trying to affect its image or value would only benefit competitors or those wishing to buy them out. Please hold the line, Atlassian. You created outstanding products that only you understand & will help build the success of others. Kocdur sctandogdu
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