A Sure Recipe for Success - or Not! By John Hopkins
* January 20, 2017
Earnings Season is now in high gear with thousands of companies getting ready to report their numbers over the next several weeks. Whenever earnings season comes around there are clear winners and clear losers with the sole evidence of success or failure being the performance of a stock. For example, Netflix reported its numbers last week and you can see the positive response below:
You can see the nice bump on strong volume that occurred on January 19 that in fact took the stock to an all time high. On the other hand, take a look at the GE chart below which shows a different picture of a company that disappointed the market:
This is what it always comes down to; does a company meet or beat expectations or disappoint, and how will the market respond?
Over the next few weeks we're going to get a very good look at the overall strength of the market. This will become apparent through the totality of the overall response to thousands of earnings reports. At EarningsBeats we will be tracking the earnings to see which companies beat both their top and bottom line projections. Those that make the cut will be added to our Candidate Tracker for our members to review, many of them potentially high reward to risk trading candidates. If you would like to see a sample of the Candidate Tracker just click here.
There are many things that can affect the market from economic reports to world events. But when everything is said and done it's always the bottom line that traders care about the most.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must! • DiscoverGold
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