Stock Market Today

Saturday, January 23 2021

Daily Updates

Stock Market Today: January 22, 2021

Harvey S. Katz, CFA | 01/22/2021

Another day, another rally--at least at the start. So, after sharp gains on Tuesday and Wednesday of this holiday shortened week, Wall Street began the penultimate session of this four-day span to the upside. Optimism that the new Administration would meet with success in expediting the rollout of vaccines, hopes that new stimulus spending would alleviate the worst of the financial pain of the pandemic, and a succession of solid earnings reports led the way higher early on. However, after a mixed close yesterday, the market is poised to open matters to the downside this morning.

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A Discussion of the Gross Domestic Product

Harvey S. Katz, CFA | 02/24/2020

The gross domestic product, popularly known as the GDP, is the total value of the output of all goods and services produced by labor and property within the United States.

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Markets Commentaries

GAAP, Items, And Adjusted Earnings - Sometimes a Strange Tale

Value Line Research Department | 02/24/2020

It is axiomatic that a company’s stock’s price is the present value of all future cash flows it is likely to pay out, and that earnings constitute one gage of a company’s economic value. Unfortunately, there is often a lot of smoke between published profits according to generally accepted accounting principles and the real output of a company.

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