Have investors gone completely crazy? Or have they just gotten smarter? The S&P 500
“The banks have gotten so much better in the last few years in terms of capital, yet their ratings keep going down … the ratings were so wrong before,” explained Morningstar credit analyst James Leonard, calling the downgrades a “mea culpa” from Moody’s. In other words, the downgrades simply reflect the actual market value of the banks. And, after yesterday’s sell-off, investors saw value.
Despite German business confidence shrinking to its lowest level in over two years, according to Munich-based ifo institute, the market performed rather well today.
In the U.S., Walgreen
Also leading the charge forward was Netflix
Make sure to add these companies to our free watchlist feature to get up-to-date analysis whenever news breaks. To get started, click on any company below:
Add Walgreen to My Watchlist.
Add SPX to My Watchlist.
Add Ryder System to My Watchlist.
Add Netflix to My Watchlist.
Will Chavey owns no shares in the companies listed above. The Motley Fool owns shares of Netflix. Motley Fool newsletter services have recommended buying shares of Netflix. The Motley Fool has a disclosure policy.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.