Earnings Season is Coming! What to look out for? 07.07.24

Prepping For The Next Move

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Simplify Wall Street
July 07, 2024

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Stay Informed.

Stock market’s upcoming earnings season may delay ‘overdue’ pullback for S&P 500

Stock market's upcoming earnings season may delay 'overdue' pullback for S&P 500

Earnings Season

www.morningstar.com/news/marketwatch/20240706280/stock-markets-upcoming-earnings-season-may-delay-overdue-pullback-for-sp-500

Why have we been bullish?

  1. Like it or not, Trump is in the lead for the next Presidency. The market is bullish on Trump

  2. You have to be able to read momentum. Some companies have announce good news after good news and CPI data has shown that the inflation issues have been ‘modest’. https://www.youtube.com/watch?v=a7mhY02w9kA

  3. From a orderflow/technical aspect, when you see bad news hit the internet, and the market has a couple down days search for the winners. The winners like AVGO, NVDA, TSLA, AMZN, PLTR etc. all show you that the “sky is not falling”

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Fed says it’s not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal

Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal

The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.

www.cnbc.com/2024/07/03/fed-minutes-fomc-not-ready-to-cut-rates-until-greater-confidence-inflation-is-moving-to-2percent-goal.html

The Fed is winning its battle against inflation. So why isn’t it cutting rates?

The Fed is winning its battle against inflation. So why isn’t it cutting rates? | CNN Business

Legendary baseball coach and player Frank Robinson famously said, “Close only counts in horseshoes and hand grenades.” The Federal Reserve is living by that precept.

www.cnn.com/2024/06/11/economy/fed-inflation-when-rate-cut/index.html

Economic Calendar & Big Movers

Earnings expectations are driving the divergence between U.S. and European equities: More on this Here

Some general education when trading or investing during Earnings Season!

Strategies for Quarterly Earnings Season

These strategies can help you understand and utilize the information that companies release during earnings season.

www.investopedia.com/articles/stocks/06/quarterlyearningsstrategies.asp#:~:text=Watch%20Those%20Estimates,-A%20company's%20ability&text=If%20a%20company%20falls%20short,is%20probably%20doing%20something%20right.

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