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Semiconductor stocks rally beyond near-term EPS revisions, Brian Sozzi notes
Brian Sozzi, reporter and analyst at Yahoo Finance, highlights analysis from Goldman Sachs regarding market conditions.
Goldman Sachs has observed that recent gains in semiconductor stocks have exceeded near-term earnings per share revisions, raising questions about a potential stocks bubble.
Sozzi previously pointed to Goldman Sachs data showing that retail trading volumes are up 28% since mid-April. Stocks popular with retail buyers rallied by 29% in the same period. He also shared Deutsche Bank's view that recent market pullbacks do not yet signal the start of a broader stock selloff.
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