Despite well-known headwinds like cost pressures and logistical bottlenecks above average proportions, companies have still been able to beat earnings-per-share (EPS) and revenue estimates…
Isn’t that something?!
The number of companies beating EPS and revenue estimates is tracking above what we had last earnings season from the same group of stocks… and it’s something that should continue…
Which is why I want to address what else to expect from Q4 2021 earnings.
Wall Street experienced one of the worst days on the market since October 2020… Following a brutal week of Federal Reserve data and mixed earnings reports, there was blood in the streets all week!
On Monday, we rallied from the lows of the day — which included a nearly 4% drop in the S&P 500 and a 5% dip in the Nasdaq — but the negative sentiment continued after a new geopolitical wave of fear with the situation in Russia and the Ukraine.
Monday morning saw the Dow fall more than 1,000 points. It was down about 800 in the early afternoon before cutting that deficit in half by 3:20 p.m. EST.
The S&P 500 fell 2.9% — 10% lower than its recent highs. However, the weakest indexMonday ended up being the Nasdaq — down nearly 5% at one point before rallying into the close.
But luckily, Joy of the Trade Head Trader Jeff Zananiri joined his readers in a LIVE trading session Monday to soothe any worries and tackle every question traders had in order to successfully navigate this correction.
In fact, Jeff has a feeling the bearish sentiment is going to stick around for at least half a year… which is why I wanted to share the recording with you!
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Toolbox: A Beginner's Guide to the Nasdaq and How to Trade It
The Nasdaq is the second-largest stock and securities exchange in the world, behind only the New York Stock Exchange… So it’s crucial for all traders to understand what the Nasdaq is and how it works at a base level.
1 Meaty Food Stock Set to Benefit From Biden’s $1B Plan
January 27, 2022
The Biden administration has officially started targeting a small group of meat packers for hitting consumers already facing inflation hard with higher beef, pork and poultry prices.
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