Corporations have for the most part managed to beat Wall Street's forecasts thus far into earnings season. With 25% of the companies in the S&P 500 reporting first-quarter results, 84% have reported a positive per-share earnings surprise and 77% have topped revenue estimates.
on wealthy Americans to help pay for the second part of his Build Back Better agenda. The president is expected to detail the $1.8 trillion plan, including spending proposals aimed at worker education and family support, to a joint session of Congress Wednesday evening. Evercore ISI strategist Dennis DeBusschere told CNBC on Sunday that fears of a peak in economic growth and negative global Covid-19 news may have ended the S&P 500's weekly win streak, but that creeping pessimism shouldn't last too much longer.
This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2019-2020 annual reports, $FB $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all - overvalued by 1,150% compare to IntrinsicValue!!!
Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 200% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
It will be a selloff and then up again... as it was with all earnings last year
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Source: MarketWatch - 🏆 3. / 97 Read more »