It’s almost that time again – time for “earnings roulette” season. Or as I sometimes say “earnings blow-up season is right around the corner“.
You probably know by now I’m a fan of drinking games, so if you want to play along this earnings season… every time a company blames bad earnings on the “strong dollar” you have to take a drink.
But the real purpose of this post was to point out the standard way of recommending a stock ahead of earnings. This generally applies to financial commentators wearing expensive neckties you’ll see on TV pounding the table on a “well-known company” ahead of earnings.
The great thing about recommending a “good stock” ahead of earnings is that:
1) You have a 50/50 chance of looking like you know what you’re doing
2) If the stock “blows up” it’s still a “good company”
“Coming up after the break, we’ll speak with one money manager that has three stocks you should buy ahead of earnings that are almost certain to crush your hopes and dreams”.
(cut to My Pillow commercial)