Without fail, something that always gives investors an edge in the market is closely tracking company earnings.
Chief Investment Strategist, Louis Basenese, has a mantra that you’ll see throughout Wall Street Daily: “Share prices ultimately follow earnings.” It makes sense. After all, only companies that are raking in profits will garner investment interest. So during earnings season, we go on high alert.
We don’t just base our investment analysis on earnings alone, though. We monitor a range of key metrics during earnings reporting season that not only indicates where a company’s share price is likely headed next, but the direction of the market as a whole, too.
Media headlines, far and wide, trashed Citigroup (C) and its CEO, Michael Corbat, for failing the Federal Reserve’s recent “stress test.” But this massive financial institution had something else in store for the naysayers. As the old adage goes, “Success…
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