Wall Street can’t keep up with the market

Price targets and economic forecasts fall behind Readers of the Morning Brief know investor expectations were high ahead of earnings season, that companies have topped expectations at a record rate, and that the economy is firing on all cylinders.  And these events have pushed Wall Street strategists back into another theme we’ve written about in this space for the […]

Demand is outpacing supply of new vehicles – why that’s bad for shoppers but good for investors

Chase Weldon spent weeks researching new SUVs to get for his family. To his surprise, he spent even longer attempting to purchase one. Dealer lots were scarce and salespeople, who can sometimes be overly aggressive, weren’t calling him back. “I was working with some dealerships across the country,” said the 44-year-old Colorado resident. “I reached […]

‘Reopening’ stocks give S&P 500, Dow strong footing, tech names lag

The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued. Economy-sensitive cyclical S&P 500 sectors such as consumer staples, energy, and materials outperformed sectors housing […]

Wall St Week Ahead Blow-out U.S. earnings suggest market has room to run

U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confirmation that profit growth will be able to support the market this year. A big piece of that growth is coming once again from technology and growth companies, which suggests greater durability in companies that underperformed more economically focused value names for months. […]