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Earnings 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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