Page 26 - Nalyst Note News Today

"There are those who say earnings are the next 'shoe to drop' but EPS estimates [have] been falling for many months already."

"Tesla continues to draw unprecedented retail flows" ahead of Elon Musk's Master Plan 3 presentation next month, Vanda Research said.

Rising short interest in the technology sector represents investor skepticism and could fuel further gains in the sector, Fundstrat's Tom Lee said.

No matter what the Fed does, Fundstrat's Tom Lee is confident that last October 12 was indeed the low point for the stock market in this cycle.

"We believe the rally rests on the shoulders of heavyweights Apple, Amazon, and Alphabet," Fairlead Strategies' Katie Stockton said.

"Another tightening of financial conditions this spring may be required to tip a US economy... into the recession the consensus craves," BofA said.

Tesla said that since it lowered prices it has seen the strongest demand in its history, with orders running about twice the rate of production.

"Tesla's drastic price cuts are we think positive for the consumer, negative for Tesla, and negative for other automakers," JPMorgan said.

"This consensus view is getting easier and easier to challenge as technicals continue to improve," Fundstrat's Mark Newton said.

The mega-cap tech trade that has dominated markets since the Great Recession will "underperform in coming years," Bank of America said.