Analysts underestimated the staying power of the stock market's 2019 advance and they're being forced to scramble, CNBC's Jim Cramer said Thursday.
said Thursday that research houses on Wall Street underestimated the staying power of the stock market's 2019 advance and they're being forced to scramble.
"Most of the analysts are catching up. They didn't see this rally coming. So they are trying to raise price targets to where the stocks are, if not beyond. And that's just a very bullish moment," Cramer said on Cramer's comments came a day after he said that investors shrugging off Iran's Tuesday night retaliation for last week's U.S. killing of a top Iranian general showed how badly people want in.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Earnings Preview: Wall Street Banking On Profits To Rebound In 2020After flat earnings growth in 2019, corporate profits are expected to rebound in 2020 by skleb1234
Consulte Mais informação »
Wall Street slips with investor focus on Middle East, but chipmakers climbWall Street's major indexes declined on Tuesday as investor caution persist...
Consulte Mais informação »
Earnings Preview: Wall Street Banking On Profits To Rebound In 2020After flat earnings growth in 2019, corporate profits are expected to rebound in 2020.
Consulte Mais informação »
Wall Street rises but ends well off day's highs amid renewed Middle East jittersU.S. stocks ended higher on Wednesday, but the day's uneven path showed inv...
Consulte Mais informação »
Cramer: I believe in Tesla stock because of how quickly Elon Musk found success in China'Ten months he built that plant,' said CNBC's Jim Cramer, emphasizing the speed with which Tesla built its Gigafactory 3 factory in Shanghai.
Consulte Mais informação »
Appeals Court Allows Use of $3.6 Billion in Military Construction Funds for Border WallA federal appeals court allowed the Trump administration to move forward with plans to use billions of dollars in military construction money to build a long-promised wall along the border with Mexico.
Consulte Mais informação »