We’re moving into the heart of earnings season and it’s been an eventful week.
While most of the S&P 500 names are coming in above expectations, Wednesday’s disappointment from Netflix was an eye opener.
The entertainment pioneer’s 35% single-day drop helped sour the mood in the markets, with the S&P 500 threatening to close lower for the third straight week.
Although the chop is picking up, we’ve been able to reel in some fantastic wins!
Wiretap Alerts started the week off on the right foot, closing on Wells Fargo and Twitter for healthy returns of 17% and 42%*, respectively.
Before Netflix went and ruined the market, the Weekly Trade Alliance bonus trade on AMD peaked at 107%** from its price at Monday’s alert.
On top of closing wins on Toast Inc., Lucid Group and PepsiCo, our Weekly Blitz Alerts bet on CSX Corp. paid off big time — scoring a 93%** gain… overnight!
With all of the headwinds facing this market, this is shaping up to be a make-or-break earnings season for the rest of 2022.
And with more mega-cap companies set to report next week, I have two big names right at the top of the New Money Crew Weekend Watchlist that traders will need to keep square in their sights…
*Disclaimer: The profits and performance shown are not typical, we make no future earnings claims, and you may lose money.
Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
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