Editor's Note: Below is an excerpt from today's Early Look written by CEO Keith McCullough. Click here to get a free month of the Early Look.
BREAKING: Aggregate (year-over-year) EPS Growth for the Nasdaq is running at +23% for Q3 to-date.
Shorting stocks simply because they are “expensive” during a raging bull market is not a primary investment catalyst. What’s not surprising about some “expensive Tech stocks” is that they’re cheaper today than they were 10 months ago!
As you can see in today’s Chart of the Day, Tech has had, by far, the biggest upward NTM EPS Revision Trend in 2017. We’ll update this once we have all the Q317 earnings reports but, clearly, getting US #GrowthAccelerating (both top-down and bottom-up) mattered.
