Stocks Surge On Healthy Earnings Season, Rising Jobless Claims: This Week In The MarketsIt's been a quiet week in the markets, marked by a dearth of major economic news and a consistent flow of positive indicators from the first-quarter earnings season.As of May 7, 424 companies in the S&P 500 have disclosed their earnings, with 78% surpassing earnings expectations and 61% exceeding revenue.
Open FlipOne of the tech stocks more deeply in the red over the past few trading days was advertising technology specialist DoubleVerify Holdings (NYSE: DV). That's because it missed the average analyst estimate for profitability, reduced its guidance, and was socked with several price target cuts from prognosticators.Those factors were too great to overcome.
Open FlipStock investors tend to be a picky lot, and one item they're picky about is a company's financial guidance. It's all well and good to post quarterly results that beat estimates. However, since most market participants are -- sensibly -- more concerned about the future than the past, if a business's forecasts come in under expectations, it can be punished by Mr. Market.
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