Stock Market Today

Thursday, January 21 2021

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Stock Market Today: January 21, 2021

Harvey S. Katz, CFA | 01/21/2021

Wall Street will shortly begin a new trading session on the first full day of the Biden Administration following the new President's inauguration yesterday afternoon. And at this hour, the indications are that the stock market will open to the upside, with particular strength once more in technology. Strong earnings again are helping to underpin the market.

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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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