Earnings Bullseye, More Bullish Targets & More On Meltups

Today, we analyze the analysts, noting that they tend be influenced by stock market meltups—thus fueling the meltups—and during meltups tend to raise their long-term earnings growth rates unrealistically high. Nevertheless, we explain why we follow their forward earnings, revenues, and profit margin projections closely. We also give our projections for the S&P 500 companies’ operating earnings, revenues, profit margins, as well as the index’s the forward P/E and our S&P 500 price targets now through 2026, when we expect the S&P 500 price index to reach 6500. … Also: Dr. Ed reviews “Napoleon” (- -).