Seize on Last-Minute Target Shifts

Let's follow up on our recent research -- looking at the biggest downward estimate revisions in order to help us avoid names that might warn, and the biggest upward revisions for names that could surprise to the upside. In these pieces, I looked at the change in estimate over the course of the third quarter. That's a good intermediate-term indicator, but now we need to tighten our time frame. For instance, a name's expectations may have seen an increase in July, then slowly deteriorated -- but it could still show positively, even if the real trend is negative.

So today we'll look at names that have seen large moves in their third-quarter earnings estimates since the end of the quarter. If analysts are ratcheting the third-quarter estimate upward or downward this close to the earnings report, you can surmise that the results may be away from current expectations....119 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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