Analysts are rapidly increasing earnings estimates for the current quarter, fueling a surge in US stocks to record levels. A Citigroup index tracking upgrades versus downgrades has reached its highest point since December 2021, while companies’ forward guidance is at its second-highest level in nearly four years. This uptick in optimism among corporate forecasters suggests that investors are becoming increasingly confident about the sector’s prospects.
Source: https://www.bloomberg.com/news/articles/2025-08-18/the-magic-force-driving-us-stocks-to-records-earnings-upgrades