Page 13 - Nalyst Note News Today

When there's such a high level of pessimism towards future corporate profits, the stock market often delivers spectacular returns.

"More bushes are reaching their full potential. Producers are also investing in irrigation and fertilizers to boost output and productivity."

Friday also represents a so-called triple witching day, in which $4 trillion worth of options contracts are set to expire.

"Constructive credit markets entering September support the case for the bullish seasonality scenarios that we have highlighted," BofA said.

"The more we looked at Dojo, the more we realized the potential for underappreciated value in the stock," Morgan Stanley said.

"We debunk these risks and continue to find more attractive opportunities in stocks than bonds," Bank of America said.

"We can't believe we feel the need to write this note today. And yet, here we are," Bernstein analyst Stacy Rasgon said.

"The upturn in S&P 500 profit estimates is a strong argument the US economy is slipping into an expansion," Fundstrat's Tom Lee said.

"By fighting obesity, these drugs seem to be fighting heart disease, which is the leading cause of death," Goldman Sachs said.

"Used car prices are tanking, and they're probably going to tank faster if you have situations like [OffLease]. And that's good for inflation."