As second-quarter earnings season reaches its midpoint, it has yet to be determined whether issues in the growth technology sector have found a long-term bottom. So far, it has been a mixed bag with several to still report.
When an issue makes a large move in the after-hours or premarket session off an earnings report, it can be difficult to determine whether the move will continue in that direction.
On days like this (Tuesday), which got off to a bad start on Monday after the close with Walmart Inc.'s (NYSE: WMT) rare guidance cut, there are still stocks that will move higher.
After a huge move in either direction following an earnings report, an issue can do one of three things: it can follow through in the same direction of the previous day's move, it can sharply reverse course or it can embark on a consolidation period.
The price action in issues that have upcoming stock splits can vary. There is no one particular way to invest in them, but there are certain trends and tendencies that can be used in the analysis of an issue that is approaching a stock split.
There are some good days to report bad earrings when the overall markets are bullish and investors are looking for bargains. Then there are bad days to report bad earnings, such as Wednesday, with the worse-than-expected Consumer Price Index report, and investors are in selling mode.
It is not too often that two titans of Wall Street are on the opposite side of a trade, but that is the case with a Goldman Sachs analyst and Warren Buffett regarding Occidental Petro Corp (NYSE: OXY).