Bull market 'feels toppy' and could have weak start to the year, Bank of America says

Bank of America strategist Savita Subramanian said the current bull market "feels toppy," noting the S&P 500's three-month earnings revision ratio was essentially flat between November and December.Subramanian added December's ratio of 0.68 is also well below the long-term average of 0.86.

The first part of the new year could be tough for stocks as lackluster corporate earnings fail to justify indexes at record highs, according to Bank of America Merrill Lynch. However, this strong performance now puts more pressure on companies to deliver strong corporate earnings. If they don't the broader market could be in for a rocky ride.

Data from The Earnings Scout shows analysts lowered their first-quarter profit estimates on 10 of the 15 companies. These companies include FedEx, Nike and semiconductor builder Micron Technology.

This bull market can use some wall of worries.

This market will be 20% lower by January 15. BA is a garbage stock along with FDX and MU. Easily three of the most overvalued companies in America. BA will be 290, FDX will be 120 and MU will be 45 by the end of the month.

Toppy and choppy

mr_jettlife

I predict a major crash. Trump is going to pull something incredibly f'd up which will cause a massive collapse of the economy.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Gaming company Razer says it applied for Singapore digital bank licenseRazer's financial technology arm has formed a consortium of 'strategic partners' that include Singapore supermarket operator Sheng Siong Holdings. Ripple invested in gaming video company Forte. Everyone will use digital asset/blockchain XRP XRPtheStandard
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Global Stocks Launch Higher After Chinese Easing MoveGlobal stock markets got off to a strong start on the first trading day of the year after China’s central bank announced a fresh dose of monetary policy easing. Well now, President Trump. . . Please don’t “pat yourself on the back” for this accomplishment—oh wait, I believe you already have 😠 ONE AMERICA NEWS (OAN TV STATION). Where is the Ukraine INVESTIGATIVE REPORT on the USA corruption & theDEMS?
แหล่ง: WSJ - 🏆 98. / 63 อ่านเพิ่มเติม »

Should you invest your emergency fund? With enough extra money, yes - Business InsiderI have a year's worth of expenses in my emergency fund, and I started feeling like I was missing out by leaving so much money in a savings account. The Waz off-road car is cool I hope there’s addl reinforcement in that hood framing
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »