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Stock·NYSE·Financial Services

Moody's Corporation (MCO)

$485.07 1.380 (0.29%)
At close: Oct 16, 4:00 PM EDT
Buy
63 / 100
CleaRank AI scorei
Market cap
$84.00B
P/E
30.69
Dividend yield
0.83%
Street target
$560.00median of 24 analysts
52-week range
$402.28 $546.88
01

The short version

Where MCO stands today, in four lines, and what CleaRank Financial AI makes of it.

MCO at a glance

Moody's Corporation (MCO): Buy, 63/100 on CleaRank's AI score.

  • Trend Up: the price is above both its 50- and 200-day moving averages ($477.56 and $469.00).
  • Earnings MCO beat estimates in 8 of its last 8 quarters, yet fell the next day after 4 of those beats.
  • Insiders Insiders sold $20.1M and made no open-market purchases over the last 18 months.
  • Valuation P/E of 30.7 against 16.5 for the Financial Services sector: a premium to peers (+86%).

Figures as of October 17, 2026.

CleaRank Financial AI

CleaRank rates Moody's Corporation (MCO) Buy, with a model score of 63/100.

The analysts' outlook lifts the score most: 18 of 24 analysts rate it a buy and the median target is 15.4% above the price. Valuation holds it back most: the P/E of 30.69 is 86.0% above the sector median (a premium to peers) and the P/S of 10.27 is 170.3% above the sector median. The trend is up: MCO trades 1.57% above its 50-day average of $477.56 and 3.43% above its 200-day average of $469.00. Over the past year the price rose 3.52%.

Only on CleaRank

Figures we compute ourselves from MCO's own price, earnings and insider-filing history. Tap one to see it in context.

02

Price and trading

The chart, today's range and how far the price has moved over each period.

2.0

Trend checks

4/4
  • Price above its 50-day average ›
    The price of $485.07 is 1.6% above the 50-day simple moving average of $477.56.
  • Price above its 200-day average ›
    The price is 3.4% above the 200-day simple moving average of $469.00.
  • 50-day average above the 200-day ›
    The 50-day average ($477.56) is 1.8% above the 200-day average ($469.00), the arrangement of a rising longer-term trend.
  • In the upper half of its 52-week range ›
    The price sits at 57% of its 52-week range, between $402.28 and $546.88.

MCO share price

Pick a period: each tab shows how far MCO has moved over it, to the last close.

Nov '25Jan '26Mar '26Jun '26Aug '26Oct '26
Start $468.56 Oct 16, 2025
Latest close $485.07 Oct 16, 2026
High $539.61 Jan 15, 2026
Low $412.23 Feb 11, 2026

Today's trading

Where MCO sits inside today's range and its 52-week range.

Day range 2.38% wide
$485.07
$479.45 $490.85
52-week range 57% of the way up
$485.07
$402.28 $546.88
Open
$486.97
Previous close
$483.69
Volume
750.40K
6% above average
Market cap
$84.00B
03

Fundamentals

Valuation against the sector, and the revenue and earnings behind it.

3.0

Valuation and quality checks

3/5
  • P/E below the sector median ›
    The trailing P/E of 30.69 is 86.0% above the Financial Services median of 16.5.
  • P/S below the sector median ›
    The price-to-sales ratio of 10.27 is 170.1% above the sector median of 3.8.
  • Profitable over the last 12 months ›
    Net income over the last 12 months was $2.8B on revenue of $8.2B, a net margin of 34.3%.
  • Beat estimates in most recent reports ›
    MCO beat the EPS estimate in 8 of its last 8 reports.
  • Pays a dividend ›
    The trailing dividend yield is 0.83%, or $4.03 a share a year.

Key statistics

The headline figures for MCO.

Market Cap
84.00B
P/E Ratio
30.69
EPS (TTM)
15.76
Dividend Yield
0.83%
52 Week High
546.88
52 Week Low
402.28

As of October 17, 2026, MCO trades at $485.07, with a market value of $84.00B, a P/E ratio of 30.69 and a dividend yield of 0.83%.

What the numbers say

CleaRank Financial AI's reading of MCO's valuation, growth and risks.

Valuation

MCO trades at 30.69 times earnings, while the Financial Services median is 16.5. That makes the P/E a premium to peers, sitting 86.0% above the median. On sales, the P/S of 10.27 is 170.3% above the sector median of 3.8. The company has a market value of $84.0B and trailing earnings of $15.76 per share.

Revenue grew 15.10% over the latest year, which is 3.4 percentage points ahead of the 11.7% median for Financial Services. Profitability shows a net margin of 34.25% and an operating margin of 49.47%. It generates a return on equity of 76.93%, above the sector median of 13.8%. It also reports debt-to-equity of 2.41 and a trailing dividend yield of 0.83% ($4.03 a share a year).

Earnings & Growth

MCO reported $4.68 per share in its most recent quarter, reported on July 22, 2026. That was 10.12% above the $4.25 analysts had estimated. Despite the beat, the share price dropped 3.57% during the first session after the report.

MCO has beaten the EPS estimate in all 8 of its recent reports, though the stock still fell in the first session after 4 of those 8 beats. The consensus EPS estimate stands at $16.95 for this fiscal year and $18.92 for next, growth of 13.5% for the current year.

Key risks

Valuation leaves less margin for error: the P/E of 30.69 is 86.0% above the sector median, a premium to peers. On a typical day the price of MCO shifts by 1.52%, the 30-day standard deviation of its daily returns. Over the last 18 months, insider sales totalled $20.1M with no open-market purchases; planned sales and tax sales on vesting shares make selling a weaker signal than buying.

MCO against the Financial Services sector

How MCO compares with the median Financial Services stock CleaRank tracks.

P/E ratio 86% above the median
MCO
30.7x
Sector median
16.5x
P/S ratio 170% above the median
MCO
10.3x
Sector median
3.8x
Revenue growth, year on year 3.4 points above the median
MCO
15.1%
Sector median
11.7%
Return on equity 63.1 points above the median
MCO
76.9%
Sector median
13.8%

Price to earnings vs sector: MCO trades at a significant premium to sector peers (+86%), suggesting market expectations for superior growth or market position.

Return vs XLF: Since May 6, 2025, MCO has gained 4.8% against a gain of 12.9% for XLF.

Performance against XLF

MCO and the Financial Services sector fund over the same days.

Jun '25Sep '25Dec '25Apr '26Jul '26Oct '26
MCO XLF

Revenue and earnings

How much MCO sells, and how much of it becomes profit.

Revenue, 12 months
$8.2B
Net income, 12 months
$2.8B
Net margin
34.3%
Revenue growth
+15.1%
latest quarter, year on year
FY202136% marginFY202225% marginFY202429% marginFY202532% margin
Revenue Net income

Revenue growth: Revenue grew 8.9% in FY2025 to $7.7B, from $7.1B a year earlier.

Profit margin: The net margin was 31.9% in FY2025, up from 29.0% the year before.

Profitable: MCO earned $2.5B in FY2025.

Earnings reality check

Did MCO beat what analysts expected, and how did the stock react?

Beat the estimate
8 of 8
last 8 reports
Fell after a beat
4 of 8
first session after the report
Average surprise
+6.5%
actual EPS against the estimate
Avg. first-session move
-0.6%
the stock, after the report
EPS surprise
First-session move
Oct '24Feb '25Apr '25Jul '25Oct '25Feb '26Apr '26Jul '26

Earnings record: MCO beat the analyst estimate in 8 of the last 8 quarters.

Market reaction: The stock fell in the first session after 4 of those 8 beats, so a beat has not been enough on its own.

MCO earnings surprises and the stock's reaction
Report Estimate Actual Surprise First session 5 sessions
Jul 22, 2026after close $4.25 $4.68 +10.12% -3.57% -1.32%
Apr 22, 2026after close $4.22 $4.33 +2.61% -3.08% -1.42%
Feb 18, 2026after close $3.44 $3.64 +5.81% -0.33% +2.80%
Oct 22, 2025after close $3.68 $3.92 +6.52% +1.38% -0.23%
Jul 23, 2025after close $3.39 $3.56 +5.01% +1.03% +0.93%
Apr 22, 2025after close $3.54 $3.83 +8.19% +0.21% +3.98%
Feb 13, 2025after close $2.58 $2.62 +1.55% -0.88% -5.16%
Oct 22, 2024after close $2.87 $3.21 +11.85% +0.24% -1.55%

As of October 17, 2026, MCO has beaten the analyst EPS estimate in 8 of its last 8 reported quarters and fell in the first trading session after 4 of those beats; its latest report, on July 22, 2026, came in 10.12% above the estimate and the stock moved -3.57% in the first session.

The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.

04

AI analysis and technicals

CleaRank's score and reasoning, the indicators behind it, and what the price moves with.

4.0

Momentum checks

2/3
  • RSI not overbought or oversold ›
    The 14-day RSI is 60.7, showing bullish momentum without being overbought.
  • RSI above 50 ›
    An RSI of 60.7 is above the 50 midpoint, so buyers have had the upper hand over the last 14 days.
  • MACD line above zero ›
    The MACD line is negative, so the 12-day average is below the 26-day average.

CleaRank AI analysis of MCO

The score, the reasoning behind it, and what could move the price next.

Company's health
4/5
12-month analyst target
$560.00
+15.45% above price · median of 24 analysts
AI analyst consensus
63/100
Buy
What the AI sees

Moody's Corporation (MCO) is trading at $485.07, above both of its main moving averages. The price sits 1.57% above the 50-day average of $477.56 and 3.43% above the 200-day average of $469.00. Because the 50-day average is 1.83% above the 200-day, the shorter trend is pulling ahead of the longer one. Within its 52-week range, running from $402.28 to $546.88, the price stands at 57%.

On momentum, the 14-day RSI reads 60.7, in the bullish zone, below the overbought line, although the MACD line is negative, which pulls the other way. The short and long run point different ways: the price rose 4.25% over the past month, fell 5.05% over the past three months and rose 3.52% over the past year.

Catalysts
Rewards
  • Earnings beat ›

    The July 22, 2026 report beat the EPS estimate by 10.12%, and the share price fell 3.57% in the first session after it.

    Source: Earnings report, July 22, 2026
  • Rating reaffirmed ›

    Morgan Stanley kept its Equal-Weight rating on October 7, 2026.

    Source: Analyst action, Morgan Stanley, October 7, 2026
Risks
  • New analyst coverage ›

    Jefferies started coverage at Buy on July 17, 2026.

    Source: Analyst action, Jefferies, July 17, 2026
ProTips
  1. Keep an eye on the two closest levels: the 52-week high at $546.88 sits above the price, and the 50-day SMA at $477.56 sits below it.
  2. The 14-day RSI reads 60.7, in the bullish zone, with the MACD line negative; readings above 70 or below 30 mark stretched momentum.
  3. MCO's share price dropped 3.57% in the first session after the July 22, 2026 report, even though the company has beaten estimates in 8 of its last 8 reports.
Market outlook

MCO trades above its 50-day and 200-day moving averages ($477.56 and $469.00), which is what makes the trend up; losing the 50-day would be the first warning. The nearest level under the price is the 50-day SMA at $477.56.

MCO's next overhead level is its 52-week high of $546.88. The RSI is in the bullish zone, pointing to steady momentum without being overstretched.

Technical indicators

Momentum and trend for MCO, from its daily closes.

Technical rating Bullish 3 of 4 signals bullish
  • RSI Bullish
  • SMA cross Bullish
  • Price vs SMA Bullish
  • MACD Neutral
Momentum Bullish
60.714-day RSI
Oversold <30 Neutral Overbought >70
MACD (12, 26) -0.46 Neutral
Trend Golden cross
+1.6%price against the 50-day average
200-day $469.00 50-day $477.56 Price $485.07
Price against the 200-day +3.4% Bullish

As of October 17, 2026, with MCO at $485.07, its 14-day RSI is 60.7 (showing bullish momentum without being overbought), its 50-day simple moving average is $477.56 and its 200-day is $469.00.

Calculated by CleaRank on daily closes as of October 17, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).

What MCO moves with

Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.

-1 0 +1
S&P 500 (SPY) +0.53 Moderate
Nasdaq 100 (QQQ) +0.39 Weak
Bitcoin (BTC) +0.19 Weak
Gold (XAU) +0.01 Weak

As of October 17, 2026, MCO's 1-year correlation of daily returns is +0.53 with S&P 500 (SPY), +0.39 with Nasdaq 100 (QQQ), +0.19 with Bitcoin (BTC) and +0.01 with gold (XAU).

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05

What Wall Street expects

The analysts' target range and how their ratings split.

5.0

Analysts checks

3/3
  • Most analysts rate it a buy ›
    18 of 24 analysts rate it a buy or strong buy, 6 a hold and 0 a sell.
  • Median target above the price ›
    The median 12-month target of $560.00 is 15.4% above the price.
  • More buy ratings than three months ago ›
    18 of 24 rate it a buy now, against 17 of 24 three months ago.

MCO Wall Street View

12-month price targets

Low $470.00 Median $560.00 (+15.4%) High $610.00

Ratings

Buy 18 Hold 6 Sell 0 3 months ago: 17 of 24 buy

Recent rating actions

Recent analyst rating actions on MCO
Date Firm Action Rating
Oct 7, 2026 Morgan Stanley Maintains Equal-Weight
Jul 27, 2026 Mizuho Maintains Neutral
Jul 23, 2026 Baird Maintains Outperform
Jul 23, 2026 Wells Fargo Maintains Overweight
Jul 20, 2026 JP Morgan Maintains Overweight
Jul 17, 2026 Jefferies Initiates Buy

As of October 17, 2026, 24 Wall Street analysts cover MCO: 18 rate it a buy or strong buy, 6 a hold and 0 a sell or strong sell. Their 12-month price targets range from $470.00 to $610.00, with a median of $560.00, 15.4% above the price of $485.07.

Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.

06

A trade plan, if you want one

Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.

MCO trade plan

Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.

Your bias
Risk per trade 2%
Conservative Aggressive
Portfolio value
$
Position size: Enter portfolio size →

Long entry pick an entry style

Conservative
$475.37
2% below current price (Pullback entry)
Lower risk, wait for pullback
Aggressive
$485.07
Buy at current price
Higher risk, immediate entry

Risk management

Stop loss
$458.40
Max loss
-3.6%
Volatility-adjusted stop Set from the RSI (60.7) and recent volatility.

Profit targets (Based on Conservative Entry)

Target 1
$499.14
+5% (Conservative) +2.9% (Aggressive)
Target 2
$522.91
+10% (Conservative) +7.8% (Aggressive)
Target 3
$546.67
+15% (Conservative) +12.7% (Aggressive)

These levels come from MCO's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.

Risk profile

How much MCO tends to move, against the market and on its own.

Daily volatility
1.52%
30-day standard deviation
52-week range
$485.07
$402.28 57% of the way up $546.88

Compare MCO

Put MCO side by side with other stocks and benchmarks.

07

The long record

MCO's worst falls and recoveries, what $10,000 became, and which months have been kind to it.

7.0

Track record checks

4/4
  • Average daily move under 2% ›
    The price has moved 1.52% on an average day (30-day standard deviation of daily returns).
  • Recovered from its worst fall ›
    The worst fall was 39.0%, from November 2021 to October 2022, regained by February 2024.
  • Most 1-year holds ended higher ›
    80% of 1-year holding periods in the last 10 years ended with a gain.
  • Beat the S&P 500 since the chart begins ›
    $10,000 invested in October 2016 is now worth $49,915, against $42,055 in the S&P 500 (SPY).

MCO Drawdowns & Recovery

Worst fall, last 10 years
-39.0%
November 2021 to October 2022
Recovery
16 months
back at the old peak by February 2024
From the 10-year high
-10.1%
highest close, January 2026
1-year holds that gained
80%
of every 1-year window

As of October 17, 2026, MCO's worst peak-to-trough fall over the last 10 years with dividends reinvested was -39.0% (November 2021 to October 2022); it regained that peak by February 2024, 16 months after the low, and 80% of 1-year holding periods ended with a gain.

From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.

Growth of $10,000

What $10,000 put into MCO in October 2016 is worth now, against the same amount in the S&P 500.

MCO today
$49,915
from $10,000 in October 2016, dividends reinvested
S&P 500 today
$42,055
the same $10,000 in SPY
Ahead of the index by
$7,860.61
1.2x the index result
Total change
+399%
5.0x the starting amount
20182020202220242026
MCO S&P 500 (SPY)

Against the market: MCO beat the S&P 500 over this period: $49,915 against $42,055.

A $10,000 investment in MCO in October 2016 would be worth about $49,915 today with dividends reinvested, compared with about $42,055 for the same investment in the S&P 500 benchmark (also with dividends reinvested).

Seasonal patterns

Which calendar months have been kind to MCO, and which have not.

Jan7/10 upFeb5/10 upMar5/10 upApr7/10 upMay7/10 upJun7/10 upJul10/10 upAug7/10 upSep2/10 upOct5/9 upNov8/10 upDec5/10 up

Strongest month, July: an average of +7.36%, up in 10 of 10 years.

Weakest month, September: an average of -4.06%, up in 2 of 10 years.

This month, October: has averaged -0.08%, up in 5 of 9 years. Past seasonality does not repeat on schedule.

Over the last 10 years, MCO's strongest calendar month has been July (average +7.36%, up in 10 of 10 years) and its weakest September (average -4.06%, up in 2 of 10 years).

Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.

08

Long-term scenarios

Thousands of simulated paths from the price history. A range of outcomes, not a forecast.

Monte Carlo projection

Thousands of simulated paths for $10,000 in MCO, from its own past volatility. The shaded area holds 80% of them.

Downside, 2036
$8,018
10th percentile
Base case, 2036
$24,887
median path
Upside, 2036
$77,241
90th percentile
202620282030203220342036
Upside (90th) Base case (median) Downside (10th) 10th to 90th percentile

CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in MCO today could grow to about $24,887 by 2036 in the base case, with a 90th-percentile outcome near $77,241 and a 10th-percentile outcome around $8,018. The simulation models price only; at today's 0.83% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.

MCO Stock Price Prediction: 2030

The same simulation in share prices, year by year.

Price today
$485
Base case, 2030
$699
1.4x over 4 years
Range, 2030
$341 to $1,430
10th to 90th percentile

CleaRank's simulation projects a price near $699 for MCO by 2030 in the base case, from $485 today (1.4x over 4 years). The 10th-percentile path ends near $341. These are outcomes of a Monte Carlo simulation run on MCO's historical return distribution, not price targets, and they assume no dividends are reinvested.

MCO simulated price paths by year
Year 10th percentile Base case 90th percentile range base today
2027 $371 $531 $760
2028 $351 $582 $966
2029 $343 $638 $1,186
2030 $341 $699 $1,430
2031 $344 $765 $1,705

Method: a lognormal simulation of MCO's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.

09

Insider trading

What the people running the company have bought and sold.

MCO insider trading

Shares the company's directors and officers bought and sold, from their own filings.

Bought
None
no open-market buys
Sold
$20.1M
40 open-market sales
Insiders filing
17
over the last 18 months
Average trade
$503K
buys and sales together

Month by month

Open-market purchases above the line, sales below.

May '25Aug '25Nov '25Feb '26May '26Aug '26Oct '26

Insider buying: No insider bought MCO shares on the open market in the last 18 months. Sales are often planned in advance or cover tax on vesting shares, so they say less than purchases would.

As of October 17, 2026, MCO insiders reported 40 open-market sales worth $20.1M and no open-market purchases over the last 18 months; grants and option exercises are not counted.

Insider transactions in MCO
Date Insider Type Shares Value
Sep 4, 2026
Jorge A Bermudez
Director
Grant 17 -
Sep 4, 2026
Therese Esperdy
Director
Grant 10 -
Sep 4, 2026
Vincent A Forlenza
Director
Grant 15 -
Sep 4, 2026
Jose Minaya
Director
Grant 6 -
Sep 4, 2026
Lisa P. Sawicki
Director
Grant 1 -
Sep 4, 2026
Leslie F Seidman
Director
Grant 16 -
Sep 4, 2026
Saun Bruce W Van
Director
Grant 20 -
Sep 1, 2026
Robert Fauber
Chief Executive Officer
Sell 1.5K $736.3K
Sep 1, 2026
Robert Fauber
Chief Executive Officer
Option 1.2K $163.4K
Aug 3, 2026
Robert Fauber
Chief Executive Officer
Sell 1.5K $710.5K
Page 1 of 12

Source: TwelveData, from SEC Form 4 filings

10

Questions people ask

Answered from the figures on this page, as of October 17, 2026.

Frequently Asked Questions

Is Moody's Corporation (MCO) a buy right now?
CleaRank rates MCO Buy, on a model score of 63/100. Most of the lift comes from the analysts' outlook, as 18 of 24 analysts rate it a buy and the median target is 15.4% above the price. The biggest drag is valuation: the P/E of 30.69 is 86.0% above the sector median (a premium to peers) and the P/S of 10.27 is 170.3% above the sector median. This describes the data on this page and is not a personal recommendation.
How has Moody's Corporation (MCO) performed over the past year?
The price gained 3.52% across the last twelve months, but the picture is softer over shorter spans: it dropped 5.05% over three months and climbed 4.25% over the last month. Right now it sits 11.30% under its 52-week high of $546.88.
What are the key price levels for MCO?
The nearest level above the price is the 52-week high of $546.88. Below the price, the first support is the 50-day SMA at $477.56, followed by the 200-day SMA at $469.00.
Is MCO expensive compared with Financial Services stocks?
MCO's trailing P/E of 30.69 is 86.0% above the Financial Services median of 16.5, and the peer comparison on this page labels that a premium to peers. The price-to-sales ratio of 10.27 is 170.3% above the sector median of 3.8. Those medians are drawn from 72 stocks across the entire sector, not just direct rivals.
Does MCO pay a dividend?
Yes, MCO pays a trailing dividend yield of 0.83%, which works out to $4.03 a share each year. Yield is calculated by dividing the dividend by the share price, so it moves whenever either of those changes.
What do Wall Street analysts think of MCO?
Among the 24 analysts who cover MCO, 18 rate it a buy, 6 rate it a hold, and none rate it a sell. The median 12-month target of $560.00 stands 15.4% above the current price.
How often has MCO beaten earnings estimates?
In our data, MCO has beaten the EPS estimate in 8 of its last 8 reports. After 4 of those 8 beats, the share price closed lower in the first session.
How volatile is MCO?
On an average day MCO's price moves 1.52%, based on the 30-day standard deviation of daily returns.
Are MCO insiders buying or selling?
Insiders sold $20.1M of stock over the last 18 months and bought none on the open market. Insider sales are frequently planned ahead or made to pay tax on vesting shares, so they tell an investor less than purchases would.
What is the 52-week range of MCO?
Over the past 52 weeks, MCO has changed hands between $402.28 and $546.88. At $485.07, the stock occupies 57% of that span, 20.58% above the low and 11.30% under the high.

Disclaimer: CleaRank.com is a financial data and analytics provider, not a registered investment advisor, broker-dealer, or financial regulatory body. The stock analysis, trade plans, and AI-generated signals presented for MCO are for educational and informational purposes only and do not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All trade setups and performance metrics shown are hypothetical, hindsight-based, and simulated. They do not represent actual trades made by CleaRank or its affiliates. Stock prices can be volatile and are subject to market, economic, and company-specific risks. Market data is provided "as-is" and may be delayed by 15 minutes or more. We do not guarantee the accuracy, completeness, or timeliness of any data. You should never invest money you cannot afford to lose. Past performance does not guarantee future results. Consult a qualified financial advisor before making any investment decisions. Analysis generated on October 17, 2026.

Disclaimer:

Engaging in financial markets carries significant risk of total capital loss. Markets are volatile, unpredictable, and past success does not guarantee future results. Never invest funds you cannot afford to lose. CleaRank does not offer financial, investment, or advisory services. We provide no recommendations, endorsements, or guarantees regarding market outcomes. You alone are responsible for your decisions.

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