The S&P earnings season is now 80% over and we don’t have any really important data until next week. Interesting thought from Mike O’Rourke on earnings…. Generally speaking, since the earnings expectations are contrived, the whole exercise highlighting the percentage of companies beating estimates offers little value. The most obvious example of that was the combination of Tesla rallying 37% in 4 trading sessions after missing its earnings estimates and Meta Platforms declining 16% in one session after trouncing its estimates
Financial News vs. Noise
Financial News vs. Noise
Financial News vs. Noise
The S&P earnings season is now 80% over and we don’t have any really important data until next week. Interesting thought from Mike O’Rourke on earnings…. Generally speaking, since the earnings expectations are contrived, the whole exercise highlighting the percentage of companies beating estimates offers little value. The most obvious example of that was the combination of Tesla rallying 37% in 4 trading sessions after missing its earnings estimates and Meta Platforms declining 16% in one session after trouncing its estimates