The Day Ahead: How I Am Picking Stocks
Forecasting the direction of individual stocks and the broader market are two things I have always taken extremely seriously. If you were to poll my old flames, they would collectively respond that I am too serious with this gig. (What, other straight males don't count clothes hanging on the racks at Lululemon (LULU)?) Nevertheless, earnings season is a breeding ground for developing new thoughts on strategy -- and, if you have been in the game for a while, there are undoubtedly insider-y items that others don't pick up on right away. On Twitter this creepy ability, or feel, would be represented by #VeteranAdvantage.
Now, I believe it's crucial to draw a line in the sand as to what's unfolding over this first wave of second-quarter earnings, and by way of this, we can establish a baseline to select stocks. It's just unacceptable for an investor to buy into the super-simple notion that, since earnings are surpassing consensus forecasts, the next step is to purchase borderline-garbage stocks....590 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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