One of the most important lessons to learn about earnings season is that the market’s reaction to the news can be more important than the news itself.
In other words, if a company reports weak earnings and issues cautious guidance for the quarter ahead; yet, the stock rallies, that’s a sign that market expectations were already low, and the bad news was priced into the stock before it released earnings results. Often that’s a signal a stock is sold out – the selling pressure has been exhausted – and is ready to move higher.
As we write this issue, just over half of the companies in the S&P 500 have already reported Q3 results including 12 of the 28 energy stocks in the index. Here’s a look at how stocks in various sectors have reported and how the stocks have performed following those reports.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Mar. 31, 2020
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.