US Profit Margin Estimates Are Too Optimistic, Goldman Strategists Say
US profit margin estimates are too optimistic, putting stocks at risk of more declines.
US profit margin estimates are too optimistic, putting stocks at risk of more declines.
For all the pain that has piled up in the US stock market, one thing has been in surprisingly short supply: Fear.
Despite the carnage, Wall Street analysts still advise investors to buy, buy, buy stocks.
The rout in tech stocks may not yet be done, warns a long-time investor in the space.
Investment bankers in the US and Europe are bracing for potentially billions of dollars in total losses on big-ticket leveraged buyouts.
With fervor in markets receding, investors will need to critically focus on fundamentals and security selection to ride out the turbulence.
“I don’t think there is a playbook we can turn to from the global financial crisis or the dotcom bust or anything else,” Matt Cwiertnia, Ares Mgmt.