“The same securities analysts warning of the first decline in quarterly earnings since 2009 are also more bullish than ever on U.S. stocks,” Business Week. In total, 247 Standard & Poor’s 500 companies have more buy ratings than sells and holds — a record since Bloomberg began tracking such data in 2000. “Bullish recommendations have been expanding even as Wall Street firms cut their forecast for second-quarter net income in the U.S. to a decrease of 1.8 percent from a gain of 2 percent in April,” the publication adds.
S&P 500 buy ratings at high on valuations
Currently, 247 S&P 500 companies have more buy ratings than sells and holds, a record since Bloomberg began tracking these trends in 2000.
July 10, 2012