Just a reminder — this earnings season is still driving analysts to hike their earnings forecasts. According to Tobias Levkovich at Citi, 72.2% of all stocks’ analyst earnings revisions have been upward so far in May.
But as analysts’ upward revisions have spiked, stocks have plunged:
(Via Citi, PULSE Moinitor, Tobias Levkovich, 7 May 2010)
Business Insider Emails & Alerts
Site highlights each day to your inbox.