CNBC: "Powerful corporate profits and forecasts of more to come have investors cheering"

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CNBC: "Powerful corporate profits and forecasts of more to come have investors cheering"

Excerpt from CNBC quoting DataTrek co-founder Nick Colas:

…. “Analysts typically are overly optimistic and start cutting estimates as the quarter wears on, but in the second quarter the opposite has happened.

“That’s an unusual occurrence; the Street is usually cutting numbers by this point in the current quarter,” DataTrek’s Nicholas Colas said in a recent note.

Technology, materials and real estate earnings have been particularly strong”….

Read the full article here on CNBC!