Warning Sign Appears As Most Stocks Sell Earnings - Mike Swanson (08/03/2017)
There is a lot of excitement on CNBC this week on the gap ups for TSLA and APPL following their earnings releases, but the average stock has actually fallen by 0.78% the day after they have announced earnings during this quarterly earnings season.
The WSJ reports:
Individual shares have had their worst performance on an earnings day since the first quarter of 2014, the data shows.
This is because beating expectations was rewarded on average with just a 0.38% share rise on the day, whereas disappointing earnings were punished particularly hard, with the company’s stock falling 3.43%.
Full WSJ article here.
Many stocks have actually been blowing up on their earnings.
That is also something not seen since really the Fall of 2015.
If this is the first time you have come to this website then get on my free action update list by here.
Most Recent Posts
- Cramer Remix: This is the day to buy Facebook - CNBC (01/16/2018)
- Who Killed Martin Luther King...And Why? - Ron Paul Institute (01/16/2018)
- Stock Market Forecast for Gold, Bonds, and US Dollar with Ike Iossif - Mike Swanson (01/16/2018)
- Wayyy extended, but is it a sell signal? - Mike Saul (01/15/2018)
- Precious Metals Video Update: Gold & Gold Stocks Breakout in 2018 - Jordan Roy-Byrne (01/15/2018)
- Iran Protests End, But Grievances Remain - The Real News (01/12/2018)
- Social Change Will Upend the Status Quo - Charles Hugh Smith (01/12/2018)
- House Approves More FISA Spying...Can The Senate Stop Them? - Ron Paul Institute (01/12/2018)
- Howestreet: China to Stop Buying US Treasuries? Mike Swanson (01/11/2018)
- Will the Dollar Survive the Rise of the Yuan and the End of the Petrodollar? - Alasdair Macleod (01/11/2018)
Grab This Free Report: My Top Options Trading Setup
This free special WSW report is devoted to my top options trading setup. I do this one simple trade at least once a month.
Grab it and get along with it our future stock market action updates. Do not think about buying any other stocks or options before you read this report. To get this report click here