Friday, October 25, 2019

Unusually significant moves up or down on earnings reports...

In the last week, there have been huge reactions, negative or positive, when companies have reported unexpected earnings.  Stocks like Ebay, Nokia, Bud, and Twitter down almost beyond reason, while Paypal jumps dramatically after some earlier pullback.  Normal pruning or adding going on here, although did add to Nokia on its radical decline.  Mistake, maybe, but its balance sheet look fine, even if income statement is not so robust.  It does make money, but invests heavily in 5G. 

Amazon bounced well after an earnings report well below analyst expectations that led the morning market commentators to make dire comments.  The company's history of investing now and letting the stock take care of itself is so well known that the actual investors brushed off the news, at least for now. 

So on to the World Series tonight in the nation's capital. 

0 Comments:

Post a Comment

<< Home