To Understand the Wild U.S. Stock Rally, Just Forget About 2020 [Yahoo! Finance News]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance News
Bloomberg) --The stats border on the ridiculous. On the eve of an earnings season nobody has a clue about, the notches its best week in 46 years. About $4 trillion has been added to share prices, a few weeks after $10 trillion was sheared off.Does it make any sense? To skeptical Wall Street veterans, the answer is obvious: no. While stimulus is flowing and the curve may be flattening, investors are bidding up stocks at a time unemployment may already be 15%, with economists forecasting one of the biggest contractions ever. Only a fool buys equities trading at 40 times the worst estimates for this year’s profits.To all that, a single rebuttal exists. That in the absence of clarity, investors have no choice but to write this year off entirely. No matter how bad the recession gets, markets look forward -- relentlessly. Whatever horrors the world is yet to endure investors will focus on the recovery.“It’s almost as if nobody is even going to worry about 2020,” said Chris Gaffney, preside
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BP
Earnings
- 11/5/25 - Beat
BP
Sec Filings
- 12/1/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/6/25 - Form 13F-HR
- BP's page on the SEC website