How Wall St. Cooks the Books (and how you can tell) (7/25/23)

(7/25/23) Mega Cap companies report earnings today; recession still seems a long way away. Transportation, Materials, and Airlines are all doing well, despite some economic indicators to the contrary. The positive effect from equity inflows will eventually end; this rally is not surprising, but not sustainable: Has the lag effect been pushed back further? How may the Presidential Election Cycle impact economic dynamics and market performance? Moving averages are sloping upwards. How are companies beating earnings estimates? Capitalism is not broken: Who do analysts really work for? How Wall Street cooks the books (and how you can tell). The dark side of stock-based compensation. How much money does it take to "feel comfortable?" Determined by your lifestyle: You'll need to generate 100% of your income in retirement; there is no magic number. SEG-1: Mega Cap Earnings Preview SEG-2: How Companies Are Beating Estimates SEG-3: How Wall Street Cooks the Books SEG-4: How Much Does it Take to "Feel Comfortable?" Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show, on our YouTube channel: https://www.youtube.com/watch?v=uEwmc4CZeIg&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=168s -------- The latest installment of our new feature, Before the Bell, "Moving Averages Are Sloping Higher" is here: https://www.youtube.com/watch?v=QAGiPKsAnhU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Earnings Parade Continues" https://www.youtube.com/watch?v=Ar-el_kbdCc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- Register for our next web event: https://us06web.zoom.us/webinar/register/6816835709464/WN_ItmsNXpsRs2uKE6xOrJtdg ------- Articles mentioned in today's show: "Beating Estimates" – How Companies Win In Earnings Season https://realinvestmentadvice.com/beating-estimates-how-companies-win-in-earnings-season Economic Cycle Set To Improve But Are Bulls Too Bullish? https://realinvestmentadvice.com/newsletter/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EarningsSeason #MegaCap #Estimates #Inflation #StockBasedCompensation #EconomicIndicators #Markets #Money #Investing