5/6/2024
By Charles Payne CEO & Principal Analyst

It was a snapback week, but lingering concerns mean more volatility ahead.

Market breadth was impressive, but new lows in the NASDAQ Composite underscore what happens when stocks fall out of favor. Punishment for disappointments remains high.

Reactions to earnings misses improved but are still more severe than the five-year average.

According to Refinitiv, 77% of reported companies beat Wall Street’s consensus on earnings, but only 61% beat on revenue. Wall Street has been far less forgiving on revenue misses.

To read the full report, contact your account representative or email Info@wstreet.com.

Charles Payne
Wall Street Strategies

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