Editor's Note: It's almost here. Next Monday we'll be opening up The War Room for FREE as part of our War Room Open House event. By signing up, you'll get access to our trading tacticians Bryan and Karim LIVE for 5 straight trading days - at no cost to you. But be sure to sign up soon because we're going live in less than 3 days. Click here to sign up for our War Room Open House today. - Ryan Fitzwater, Publisher Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance Earnings season is almost over. Last month, it was the banks reporting, and in May we had the last of the major tech stocks reported. It was a good month for stocks in general, with the vast majority beating estimates and the markets reaching new highs. So far, the numbers say 80% of those that have reported are coming in ahead of expectations. Granted, the bar has been lowered as many are calling for a slowdown in growth. But, earnings aside, it's also open season for insiders. In fact, the next few weeks could the most exciting weeks for those who follow one of the, if not the most accurate indicator on Wall Street for longer term investors. Insiders can start buying their shares after earnings are released and they will point the way to the companies that are the real bargains on Wall Street. For a few weeks leading into earnings, insiders are not allowed to buy shares in their own companies. This period is known as the "quiet period". Because earnings and the accompanying information can move the shares sharply up or down, insiders are prohibited from trading in their company shares, unless it's a pre-established plan. |
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