Who needs profits when you've got momentum?

Stocks with negative EPS have significantly outperformed those with positive earnings in recent months—with unprofitable firms leading gains, especially within broader indexes. Roughly 40% of the companies in the Russell 2000, for example, reported zero or negative earnings.​

BYND stock is soaring. See the real-time price action here. 

Expert Insights

Apollo's chief economist Torsten Slok pointed to this "remarkable" divergence and compared it to momentum-driven late-cycle rallies seen during periods like the dotcom bubble. 

Research suggests the market may be operating under unique conditions, where speculative fervor and optimism toward innovation and growth potential outweigh short-term profitability.

Experts ...