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VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

Fri, May 16, 2025 | 12:36AM ET
VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

Fri, May 16, 2025 | 12:36AM ET
Rally has neared all-time highs after 20% down in near-record time

Thu, May 15, 2025 | 8:06PM ET
Rally has neared all-time highs after 20% down in near-record time

Thu, May 15, 2025 | 8:06PM ET
Rally has neared all-time highs after 20% down in near-record time

Thu, May 15, 2025 | 8:06PM ET
Rally has neared all-time highs after 20% down in near-record time

Thu, May 15, 2025 | 8:06PM ET
Rally has neared all-time highs after 20% down in near-record time

Thu, May 15, 2025 | 8:06PM ET
Gunning for the Top

Thu, May 15, 2025 | 8:16AM ET
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thu, May 15, 2025 | 6:30AM ET
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thu, May 15, 2025 | 6:30AM ET
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thu, May 15, 2025 | 6:30AM ET
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thu, May 15, 2025 | 6:30AM ET
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thu, May 15, 2025 | 6:30AM ET
Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thu, May 15, 2025 | 6:30AM ET

Macro Minute Video

Fri, May 16, 2025 | 12:36AM ET

Thomas Lee, CFA ^AC

Head of Research

VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

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Analyst Certification (Reg AC)

Thomas Lee, CFA, the research analyst denoted by an “AC” on the cover of this report, hereby certifies that all of the views expressed in this report accurately reflect his personal views, which have not been influenced by considerations of the firm’s business or client relationships. Neither I, nor a member of my household is an officer, director, or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that is/are the subject of this research report. There is a possibility that we will from time to time have long or short positions in, and buy or sell, the securities or derivatives, if any, referred to in this research.

Conflicts of Interest

This research contains the views, opinions and recommendations of Fundstrat. At the time of publication of this report, Fundstrat does not know of, or have reason to know of any material conflicts of interest.

General Disclosures

Fundstrat Global Advisors is an independent research company and is not a registered investment advisor and is not acting as a broker-dealer under any federal or state securities laws. Fundstrat Global Advisors is a member of IRC Securities’ Research Prime Services Platform. IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry. Certain personnel of Fundstrat (i.e., Research Analysts) are registered representatives of IRC Securities, a FINRA member firm registered as a broker-dealer with the Securities and Exchange Commission and certain state securities regulators. As registered representatives and independent contractors of IRC Securities, such personnel may receive commissions paid to or shared with IRC Securities for transactions placed by Fundstrat clients directly with IRC Securities or with securities firms that may share commissions with IRC Securities in accordance with applicable SEC and FINRA requirements. IRC Securities does not distribute the research of Fundstrat, which is available to select institutional clients that have engaged Fundstrat. As registered representatives of IRC Securities, our analysts must follow IRC Securities' Written Supervisory Procedures. Notable compliance policies include (1) prohibition of insider trading or the facilitation thereof, (2) maintaining client confidentiality, (3) archival of electronic communications, and (4) appropriate use of electronic communications, amongst other compliance related policies. Fundstrat does not have the same conflicts that traditional sell-side research organizations have because Fundstrat (1) does not conduct any investment banking activities, (2) does not manage any investment funds, and (3) our clients are only institutional investors. This research is for the clients of Fundstrat Global Advisors only. Additional information is available upon request. Information has been obtained from sources believed to be reliable, but Fundstrat Global Advisors does not warrant its completeness or accuracy except with respect to any disclosures relative to Fundstrat and the analyst's involvement (if any) with any of the subject companies of the research. All pricing is as of the market close for the securities discussed, unless otherwise stated. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, risk tolerance, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies.

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VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Gunning for the Top

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thomas Lee, CFA ^AC

VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

Download our app to access all our research reports on your mobile device

Contact Us

You do not have more shares available

Download our app to access all our research reports on your mobile device

Client Portal

Data Center

VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Rally has neared all-time highs after 20% down in near-record time

Gunning for the Top

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Fundstrat 1Q25 Daily Earnings (EPS) Update – 05/15/2025

Thomas Lee, CFA AC

VIDEO FLASH: This is first week markets feel “normal” as investors start to look at 2026. And case for P/E expansion intact

Download our app to access all our research reports on your mobile device

Contact Us

You do not have more shares available

Download our app to access all our research reports on your mobile device

Thomas Lee, CFA ^AC