Stocks just had their worst December since the Great Depression and Wall Street analysts are scrambling to update their price targets and recommendations. Analysts tracked by Factset Earnings now see fourth quarter earnings for the S&P 500 just 12.4% higher from 2017. That’s from estimated growth of 16.6% in late-September and profits are expected just 7.9% higher for 2019 versus last year. —Recommended Link— The Top 10 ‘Must-Own’ Stocks For 2019 Your Definitive Guide To Beating This Market (Stock Names and Ticker Symbols Revealed). Stock #1 has doubled its dividend over the past 6 years… dishing out more than… Read More
Stocks just had their worst December since the Great Depression and Wall Street analysts are scrambling to update their price targets and recommendations. Analysts tracked by Factset Earnings now see fourth quarter earnings for the S&P 500 just 12.4% higher from 2017. That’s from estimated growth of 16.6% in late-September and profits are expected just 7.9% higher for 2019 versus last year. —Recommended Link— The Top 10 ‘Must-Own’ Stocks For 2019 Your Definitive Guide To Beating This Market (Stock Names and Ticker Symbols Revealed). Stock #1 has doubled its dividend over the past 6 years… dishing out more than $8.9 Billion to shareholders in 2018. It has one of the widest moats you’ll ever see, and continues to grow in virtually every market around the world. Details here. The end-of-year recommendations and estimates have become a deafening roar as analysts sell investors into the next hot stock. #-ad_banner-#But should you listen? Analysts aren’t infallible and are sometimes just plain wrong. In fact, playing the contrarian against analyst recommendations could help you find opportunities ready for the rebound. Should You Follow Analyst Recommendations In Stocks? Analyst stock ratings can seem like a crap shoot with research by NerdWallet showing… Read More