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Earnings Reports: 3 Stand-Out Stocks & The Post Earnings Announcement Drift
Investors eyed this batch of quarterly earnings with more anticipation and scrutiny than any in recent memory. And who can blame them, really?
With a recession in full swing, companies lining up for government bailouts and economists taking to the streets of New York with “The End is Near” sandwich boards, nobody knew what to expect.
Earnings reports, however, tell the real, unabridged story of what’s happening with America’s businesses…
So now that most of the numbers are out, what did we learn? And more importantly, how can we profit from it moving forward?
It depends on how you slice the data…
Who’s Really Beating…
12Jun2009 | Investment U | 0 comments | ContinuedEarnings Season: How to Prepare for Price Swings & React Accordingly
Tuesday afternoon’s closing bell on Wall Street didn’t just signal the end of the trading day.
It also rang in the start of first-quarter earnings season.
Alcoa (NYSE: AA) had the ominous and unenviable task of being the first of the Dow Industrials to step up to the plate. And like a tubby first baseman who’s spent the winter off-season shoveling down junk food, Alcoa swung and missed. Badly.
Already waddling around with debts of more than $10.5 billion, America’s largest aluminum producer reported further loss of half a billion dollars for the quarter (59 cents per share), as sales plunged by 41%. As…
8Apr2009 | Smart Profits Report | 0 comments | ContinuedFirst Step or False Signal? Could Last Week’s Surge in Stocks Signal a Rebound Ahead?
It’s earnings season again. But with an odd twist.
You see, most investors realized that earnings season would be dismal; so when the results came in (pretty much) as expected, many investors seemed to find that the news (especially among financials) was not worse and went on a buying spree.
By watching the trading “tape,” you almost could “hear” what investors were thinking:
- JPMorgan Chase & Co. (JPM) announces a 50% decline in first-quarter profits, and says markets will remain weak through the rest of this year and perhaps into next: No problem. As bad as the results were, they were actually better…
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