How to Approach Earnings Season
Last night, Alcoa (AA) kicked off earnings season, and most of the Street is hanging on every world of the conference call for some guidance on the state of the world. I cannot imagine a more overrated and futile exercise.
Alcoa may provide some insight into how Alcoa is doing, but its report will have very little to do with the direction of earnings season. Many analysts believe that third-quarter earnings are going to be horrible. A few optimists say that bad expectations are overdone and that we will surprise to the upside this quarter. I have no idea, and I really don't want to spend much time thinking about the matter....667 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.