CNBC: “Powerful corporate profits and forecasts of more to come have investors cheering”By admin_45 in IN THE NEWS
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!