After a long wait, we’re back in the thick of earnings season... And like I mentioned in Monday’s piece, tech titan Netflix has set the tone.
The company had a fair amount of momentum heading into the report. Shares were up more than 5% since the start of October and riding high with a boatload of positive headlines over its biggest hit ever, “Squid Game.”
Netflix beat expectations across the board for earnings, revenue and subscriber growth...
But forward guidance wasn’t strong enough to satisfy Mr. Market, and shares are down around 2.5% on the day — helping weigh down the Nasdaq in the process...
It may not be the tone we were hoping for, but it’s a valuable message for traders at the start of many more tech earnings reports to come.
There’s no need to run away screaming, but traders will certainly need to make a few earnings strategy adjustments with the other big names like Tesla, set to report after the bell Wednesday...
Many traders probably know this, but most “popular” trading strategies that novice investors use actually lose money. Think about it... If we could simply Google a winning strategy, everyone would be making money.
Wall Street knows this… so it takes the opposite side of those trades… In other words, big firms bet against common strategies that many retail traders use.
But there’s a way for us to take advantage of this pattern.
There’s More Than 1 Way to Play Pricey Tech Options October 18, 2021
With earnings, a stock can gap up or down and carry other names in the industry with it. This season, I’m watching for two big tech earnings reports to set the tone...
When It Comes to Earnings Trades, Every Second Counts October 15, 2021
I love trading earnings in my War Room because there’s no faster way to see how markets are trending and reacting to earnings news than seeing it live.
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