EarningsBeats.com Digest

Published: Mon, 07/20/20

EarningsBeats.com Digest for July 20, 2020

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Join Tom Bowley for a briefing on market activity on Mondays and Wednesdays from 9-9:30 am EST before the opening bell. Click here to listen live or visit our YouTube page later today to view the recorded session.

Dear Digest Subscriber,

It's webinar day! Join EarningsBeats.com's Chief Market Strategist Tom Bowley for our Q2 Earnings webinar at 4:30pm eastern. Click below for details on how you can participate in this timely and important event.

Reserve Your Seat

Timing and Patience are Critical to Higher Profits

We can talk about earnings, the economic outlook, technical conditions, etc., but to be quite honest, the real keys come down to timing and patience. At EarningsBeats.com, we do all the research for our members. We provide so many trading opportunities and literally hand them to our members on a platter. The rest comes down to being patient and allowing opportunities to surface with much better reward-to-risk scenarios. We have just offered up a new ChartList to our members - the Raised Guidance ChartList (RGCL). This ChartList features companies that have raised their guidance over the past quarter, indicating that management is executing their business plan to perfection in a mostly undesirable environment (pandemic). I want to give you an example of one stock on this new ChartList - GoDaddy, Inc. (GDDY):

I'm of the opinion that we could be at a turning point for the stock. Why? Well, first of all, the stock more than doubled in 3 months, rising from 40 to 84. At the high, GDDY raised its revenue guidance, then sold off hard. Ever heard of that old Wall Street adage, "buy on rumor, sell on news"? Well, that's what we're looking at here. GDDY dropped to what I think may have marked the bottom on July 14th, when it reached a low of 68.16. That was almost 20% off the recent high in 4 weeks! This is where doing your homework, creating a ChartList, and waiting to pounce can turn into a major profit. Has GDDY definitively bottomed? I don't know, but I do know that trading the stock now carries a much higher reward-to-risk than trading it four weeks ago. For many of you, it might make sense to wait for GDDY to cross back above its 20 day EMA before thinking about a long trade. How and when (or IF) you trade it depends on your own personal trading style and strategy, but my point is......we do the homework!

If you're not already a member of EarningsBeats.com, I really want you to strongly consider joining now. First, I will be unveiling our latest ChartList, the Raised Guidance ChartList, and how to use it tonight during our "Q2 Earnings" webinar. During this webinar, I'll also be looking ahead to point out what I expect many notable companies to report as we move forward during earnings season - stocks like AAPL, AMZN, MSFT, TSLA, and dozens of others. I'll be including my 5 FAVORITE upcoming earnings reports. And perhaps most important, a fully-refundable $7 30-day trial will carry you past our "Top 10 Stocks" webinar on August 19th, where I'll unveil our latest Portfolio components. If you haven't tracked these Portfolios, I can tell you that our flagship Model Portfolio is up more than 110% since its inception on November 19, 2018. That's in just 20 months! And it's been through TWO cyclical bear markets - the trade war in Q4 2018 and 2020's COVID-19 pandemic. Join now and you'll have a seat to our most popular - BY FAR - webinar of each quarter!

Happy trading!

Tom Bowley

Chief Market Strategist

EarningsBeats.com
Better Timing. Better Trades.