Dear EarningsBeats Digest Members.
Trading Places LIVE!
Make sure to tune in this morning from 9-9:30 am eastern to Tom Bowley's Trading Places LIVE! Here is a link to access the show: https://zoom.us/j/248920901
Q3 Earnings Webinar - Wow!
On Monday we conducted our members-only Q3 Earnings Season webinar. Chief Market Strategist Tom Bowley did a TREMENDOUS job as he went over in detail over almost 100 stocks that have reported earnings or are about to report earnings with his prediction on how each stock might behave once their earnings are
released. VERY impressive! If you are NOT currently an EarningsBeats.com subscriber and want to know how you can get access to the recording of the event just reply to this email with "Tell me More" and we'll get back to you.
At your service,
John Hopkins
EarningsBeats.com
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Using a Top Down Approach to Earnings Season
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I generally just look at how a stock is performing on a relative basis before setting my earnings expectations. Relative strength will certainly provide us clues to help. But taking a step back first to see what industry groups are strengthening into earnings can be a great starting point as well. For instance, recreational products ($DJUSRP) have been quite strong
the past 7-8 trading sessions, breaking out above 2019 price resistance. So immediately I checked out some of the highest ranked stocks in this space, based on SCTR scores, and found Garmin Ltd (GRMN):
