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Millennial Investing - The Investor’s Podcast Network
MI264: How to Pick Stocks Using Earnings Estimate Revisions, Price Trends, and Valuations w/ Sam Burns
Mar 21, 2023
53:57
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- Despite widespread pessimism, the market has held up well in 2023, indicating a more positive market sentiment.
- Earnings estimate revisions from analysts play a significant role in determining stock performance, with positive revisions leading to stock outperformance.
Deep dives
Positive Market Outlook Despite Pessimism
Despite widespread pessimism about the economy, inflation concerns, and earnings downgrades, the market has held up well in 2023. The economy has been performing better than expected, leading to a more positive market sentiment. The data from the jobs report, although mixed, suggests that the labor market is holding up and inflation may not be as worrisome as initially thought. The market's response is largely driven by how the Federal Reserve interprets the data and the expectations of future rate hikes. Overall, the market is expected to hold steady or even grind higher in the coming months, with stocks likely to outperform bonds.
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