Everything You Need To Know This Earnings Season

October 19, 2020 The Easiest Way to Profit From Stocks in 2020 Chances are, you're missing out on the #1 easiest way to profit from stocks in 2020. Have you heard of the rise of Robinhood? The "no fee" investment app… The one where you could've made 556% in six days on Hertz, a "zombie" stock… Wall Street wasn't paying attention to any of these names… they missed out. Now everyone wants to know... where will the "Robinhood Effect" strike next? Well, we can tell you… Find out the next big winner Everything You Need To Know This Earnings Season We are just weeks away from the election, President Trump is cured of COVID-19 and markets are looking like they could go up or down. The major catalyst within markets, therefore, is the kick-off of earnings season. Up last week were financials and the big banks. Bank stock prices haven't been moving around a lot this year, and there have been plenty of other trading opportunities to jump on in the meantime. However, banks are still relatively cheap because of this. The key thing to consider in earnings season is how the market reacts to the news. It's not the reports themselves rather than what the investor sentiment is behind the numbers. For example, will a stock drop after some good news (bearish situation) or will a stock rally on some average news (bullish situation)… Get the key indicators and the hot sectors to watch It's All Relative: Banks, Funds Upbeat on Downtrodden US Economy Last week's reports from JP Morgan (NYSE: JPM) and Citigroup (NYSE: C) officially kicked off Q3 earnings season. In their quarterly filings, both banks reported a rapid rebound in profits, powered by their trading arms and way-better-than-expected loan loss charges. But when I happened to look at their forecast for the U.S. unemployment rate, I was stunned to see they're still calling for 7%-8% unemployment… in the fourth quarter of next year. Worse, that doesn't include the "hidden unemployment data" I talked about before —the "Pandemic Under Assistance" job losses, or "PUA." That's important, because the truth is that a whole bunch of those 11.8 million people — perhaps 4 million or more — are going to lose their jobs permanently. That said, it's a productive process to learn how banks are viewing the market, as it gives us a better overall picture of what's likely to work over the coming months. And judging by analysis from The Market Ear, all indications are that investment banks and hedge funds are going to try to seriously juice their portfolios in the coming months. The question is… where are they going to put that money to work? You don't have to be Einstein to figure it out... *clicking these links will automatically subscribe you to Venture Society emails "You guys are by far my favorite. Best Regards," Andrew B. A Double Bottom pattern is a chart pattern that describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W" and signals a potential bullish reversal of an established downtrend. Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed.  Please see our Terms and Conditions for more information. Brought to you by WealthPress.

 

                                                           

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