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Stock Market Today

Friday, April 30 2021

Daily Updates

Stock Market Today: April 30, 2021

Harvey S. Katz, CFA | 04/30/2021

Two key reports will be issued this morning. In the first release, the Commerce Department noted that personal income and consumer spending both moved up strongly in March, and in line with expectations. Later this morning, the University of Michigan will issue data on consumer sentiment. These reports will follow a release yesterday on first-quarter GDP, which showed a 6.4% annualized rate of growth, but also contained unsettling news on inflation, with the Price Index rising 4.1% during the period.

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Markets Commentaries

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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