Stocks will roar to new highs despite earnings slowdown, market bull Ed Yardeni predicts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Wall Street bears are too worried about the earnings slowdown, according to Yardeni Research's Edward Yardeni.

div > div.group > p:first-child"> He went against negative sentiment in December as stocks pulled back.

Citing tough comparisons against last year's blockbuster corporate results, Yardeni sees the weaker trend as a temporary bump. He says there's no earnings or economic recession in sight. "We never really got credit for the fundamentals of last year. Earnings were up almost 25 percent last year, and the market took a dive at the end of last year — taking away about 6 percent from the S&P 500," he said."Some of this is just catching up to the underlying fundamentals which were really extraordinarily good."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Unfortunately he will be completely wrong. Earnings revisions are heading south and company warnings will kick in with Q1 numbers ... sentiment indicators are stretched and no bears left. VIX too low ...

Plank

United States United States Latest News, United States United States Headlines

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

'Stocks look like dead money': Here's why any US-China trade deal might disappoint Wall StreetInvestors want so much from a US-China trade deal that any agreement will disappoint them, says FTSE Russell's director of global markets research.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Markets Right Now: Stocks are opening higher on Wall StreetPeople moving towards our safer stocks I see Billionaires exchange wealth in the casino named Wall Street. The word from Brexit will show the true meaning of negotiations between china & USA
Source: ABC - 🏆 471. / 51 Read more »

Stocks making the biggest moves after hours: Kraft Heinz, Dropbox, Zillow and moreSee which stocks are posting big moves after the bell on February 21. These are all companies of the past, we're moving on to 2019 and beyond! Check out we find you the best investment properties for your $$$.
Source: CNBC - 🏆 12. / 72 Read more »

The best-performing hedge funds are buying Yelp, Adobe and these other stocksAdobe, Yelp, Wayfair and JD.com are among the new positions the top-performing hedge funds added in the December quarter. Software companies are inherently fragile
Source: CNBC - 🏆 12. / 72 Read more »

Stock market worst skid in 2 weeks amid weak economic results; Nasdaq snaps 8-session win streak
Source: MarketWatch - 🏆 3. / 97 Read more »

Cramer remix: How my father's mistakes inspired me to buy stocksJim Cramer shares his philosophy on owning stocks and why it's important to do your homework. Joke Funny Get what America craves. A story about the over exposed jimcramer ... Jesus Christ. We need his Goldman paid ofr wisdom.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves midday: Nike, Coca-Cola, Cheesecake Factory & moreThese are the stocks posting the largest moves midday Thursday. Wonder what’s up with Nike ? Here's the simplest guide you'll ever read on how to buy stocks Interesting to listen to Josh who I consider to be a NYC socialist effete snob .Area deserves Wack Job AOC
Source: CNBC - 🏆 12. / 72 Read more »

Warren Buffett never buys or sells stocks using this common method'It doesn't make any sense to me,' Buffett said of stop-loss orders. Thank you buffett you my teacher you my uncle ı love you my uncle 🥴 I think that's a good idea, but At 88 I hope he's gone to more short term investments.
Source: CNBC - 🏆 12. / 72 Read more »

Millennials are making this group of stocks the hottest trade this yearAs beauty stocks surge this year, two traders weigh in on how to play the consumer space. Adult diapers?
Source: CNBC - 🏆 12. / 72 Read more »