The Q1 2021 reporting season is in full swing in the US, Europe and Japan and profits are booming.
Markets are expensive, but if the upgrades keep coming the current prices won’t look so bad… In the US, even the company at the worst 25th percentile has seen upgrades to forecasts:
Disclaimer: Q1 2020 to Q1 2021 numbers have some weird base effects for some companies. So, they are less relevant this reporting season.
There are some differences by sector, and the but upgrades are uncharacteristically broad.
Damien Klassen is Head of Investments at Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.