Markets are also trying to experience their convenience in front of bond due to their higher interest rates. The projection on next year for S&P 500 shows that an investor can get 5.3% yield which means a plus 3% yield compared to the boring-10-year-haven. That small difference will not make stocks that attractive to investors.
Tesla’s record results for the first quarter were a major win as they outpaced Wall Street’s expectations. The company earned $3 per share from sales of 18 billion dollars, more than 3 times what analysts had expected them to make with an EPS range between 20-30 cents on each dollar sold.
Air companies added positive results to the wallets with United Airlines stock gained 9.3%, Alaska Air Group rose 0.2% and American Airlines added 3.8%. All of them reported a certain loss per share and for UAL also for sales below expectations with forecasted profit for the full year.