Don’t be ‘fooled’ by these fresh highs for stocks, warns analyst

Here’s one bird’s-eye view on that session that left the S&P 500 and Nasdaq at record closing highs from Michael Baele, senior portfolio manager at U.S. Bank Private Wealth Management.

Aslam explains that even as nearly 79% of S&P 500 companies have beaten forecasts in the first-quarter reporting season thus far, hedge funds or institutional investors don’t seem to have bought into this. Count Morgan Stanley’s strategist Mike Wilson as among those who didn’t expect stocks to be back at all-time highs by April, but he’s now in the camp that 3,000 for the S&P isn’t too far off. Even as the index rises, it still remains some distance away from the most bullish end-year forecasts on Wall Street, such as 3,025 expected by Credit Suisse Jonathan Golub.

The market Dow US:YMH9 S&P 500 US:ESH9 and Nasdaq US:NQH9 futures are creeping up, after Tuesday’s record-busting session. See Market Snapshot for more. Late Tuesday, Snapchat parent Snap SNAP, +3.99% posted upbeat results, but there may be a problem with a key metric for the group. Upbeat results are rallying shares of online auctioneer eBay EBAY, +1.44%

Too much debt.

Buy, buy, buy.

You're always anti 🇺🇸 success

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These six stocks have 'upside' potential due to recent developments, Wall Street analysts sayCNBC combed through company research to find analysts from different industries singling out stocks in their coverage universes. snap will see 5 before 15 In MO corrupt law enforcement is stealing SIM codes which control your ability to call out. Please send help/transport to Cindy Bray 2133 E Berkeley Springfield MO Everyone in this town is loaded w/roundworm. MuellerReport
Source: CNBC - 🏆 12. / 72 Read more »

The stock market’s progress to a fresh record hinges on a key gauge of economic growthWall Street is set to get its first read of 2019 economic growth as investors adopt a rosier economic outlook, following talk of a recession only a few weeks... Nope. The fed, trump and team will pump. And say the china deal is ‘progressing’
Source: MarketWatch - 🏆 3. / 97 Read more »

A stock-market correction is coming, but don’t ‘head for the hills yet’, says BNY MellonLiz Young, director of market strategy at BNY Mellon, is a unsettled by how far and fast equities have risen this year, but it’s no time to “head for the... Your chart only shows results from the last year. Don’t you need a longer terms to determine a trend?
Source: MarketWatch - 🏆 3. / 97 Read more »