Stock Market Today

Friday, November 27 2020

Daily Updates

Stock Market Today: November 25, 2020

Harvey S. Katz, CFA | 11/25/2020

It was a heavy news day that greeted Wall Street investors yesterday morning, as key economic and political developments unfolded. On the business side, we saw a rather listless survey on consumer confidence issued, with rising COVID-19 cases apparently leading to a modest dip in that index. On the political front, meantime, the last 24 hours yielded further progress in finally starting to bring about an official transition between the outgoing Administration in Washington and the incoming one headed by President-Elect Joe Biden.

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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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