Over the next two – three weeks we’re going to hear from thousands of companies. If you’re holding individual stocks, it is worth your while to look up their earnings releases and maybe selling out a day ahead of their reports.
by Bob Rinear
The International Forecaster
Every few months throughout the year, we have to endure something called Earnings season. Actually it’s 4 times, and they follow the 1st, 2nd, 3rd and 4th quarter of the calendar year.
Earnings season is where the corporations tell the public how their business is going, how sales were, how expenses were, and the bottom line, how much profits rose ( or fell)
We are at the beginning of Earnings season now, and one of the “rules” of swing trading that I have lived by for over 25 years is “Don’t hold your stock over earnings release date.” So let’s chat about that in a minute. First this:
Earnings are what’s supposed to drive stocks up or down. Well there’s been a horrific perversion to that theory and it comes to us from those despicable “Federal Reserve” people and Central banks the world round.