Best Long Term Stock Ideas

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LESS PUNISHING GUIDANCE
Companies that lower guidance when they
report quarterly earnings have historically
averaged a one-day decline of 5.4% in
reaction to the news. Stocks that have
lowered guidance when reporting earnings
this quarter, however, have only fallen 2.8%
on their earnings reaction days, meaning
that so far in 2024, investors aren’t punishing
weak earnings guidance nearly as much as

OPENING THE SPIGOT
According to the NY Fed’s quarterly Household
Debt and Credit report, 8.52% of credit card
loans became newly delinquent in Q4 2023,
which was the highest reading since Q2 2011.
Credit card utilization, or the percentage of
credit extended to consumers that’s been
used, also ticked up to 23.5% in Q4, which was
the highest reading since Q4 2019 just before
COVID hit.
(SOURCE: NY FED)