Souring S&P 500 Profit Outlook a Bad Sign for Stock Market Rally
(Bloomberg) — Wall Street analysts are quickly scaling back their forecasts for Corporate America’s earnings growth over the next year, which could pump the brakes on the blistering stock market rally before long.
A key indicator known as earnings-revision momentum — a gauge of upward-to-downward changes to expected per-share earnings over the next 12 months for the S&P 500 — has slumped into negative territory and is hovering near its second-worst reading in the past year,
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Read MoreThis Market-Crushing Stock Is Still a Top Buy
It’s hard to find a more reliable market-beating stock than Costco Wholesale (COST -1.82%). It hasn’t delivered the wildest gains, but it has climbed up steadily and without fanfare in an almost linear progression, missing the ups and downs of a typical stock trajectory.
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Read MoreCristiano Ronaldo reveals his retirement plans amid career milestones
Cristiano Ronaldo has recently opened up about his retirement plans after setting a new record for the most international wins in men’s football.
With a remarkable brace against Poland, Ronaldo secured Portugal’s place in the UEFA Nations League quarter-finals.
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Read MoreBloom Energy stock soars on American Electric Power deal
Bloom Energy (BE) stock rallied Friday afternoon after the company announced a new deal with American Electric Power (AEP). Under the agreement, AEP will use Bloom’s fuel cell technology to provide power solutions for artificial intelligence data centers.
Market Domination Hosts Julie Hyman and Josh Lipton break down the details.
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Read MoreBitcoin ETF Options Redefine Crypto Markets with $2B Launch
Bitcoin ETF options hit $2B on debut as BlackRock leads the charge. Grayscale follows suit, fueling Bitcoin’s rally to $93.8K and beyond.
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Read MoreThe Burst
2 Stocks For The Next Bull Market
With retirement portfolios losing almost $1 in every $4 invested this year, investor sentiment is clearly bearish. Losing almost a quarter of your invested portfolio is bad, but that’s assuming you had it invested in the S&P 500.
For those who speculated on high growth names like Affirm, Upstart, and SoFi, the bear market has acted like a grim reaper to their holdings.
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Read MoreThe Ivy
Market Commentary: Investing Book Sells for $4,542.24, Secrets Revealed
Seth Klarman is an investing icon, though many on Main Street don’t know his name. In 1991, he published a book called Margin of Safety that earned a place in Wall Street’s lore. As popular as the book became – reportedly even Warren Buffett owns a copy – it has been out of print…
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