Showing posts from June, 2021

It’s ‘too soon’ to declare peak EPS: Investment strategist

  Ihsaan Fanusie Sat, June 5, 2021, 3:03 AM · 2 min read AMC -6.68% TSLA +4.58% BTC-USD -1.79% ^GSPC +0.88% Investors should be wary of predicting a decline in earnings, BMO Capital Markets Chief Investment Strategist Brian Belski said this week, even as some analysts worry that the market's rebound could be showing signs of wear. Despite high earnings per share (EPS) growth throughout 2021, Belski does not believe the data supports a dropoff or turning point in the near future, he told Yahoo Finance Live in an interview on Wednesday. First, Belski says, analysts have been too pessimistic with earnings projections. “The secular trend of analysts really being too negative on earnings [is] really setting [them] up to under promise and over deliver,” Belski said. Additionally, the reopening of the economy may give rise to further difficulties in predicting peak earnings. “The economy is just now opening up. And we think that numbers, when you add all that up, could be too low,” he sai