Bitcoin (CRYPTO: BTC) was trading slightly higher during Friday’s 24-hour trading session, lagging the general market, which saw the S&P 500 popping up about 0.6% with many tech stocks rocketing higher following
If a company offers up some good news the day ahead of an earnings announcement, it has to seem a bit fishy.
In other words, why not wait until the following day to alert investors of the planned announcement (earnings) and the other unknown news? Unless, of course, the company is anticipating a negative reaction to the earnings report.
Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) was trading down Friday, consolidating a recent rise, which saw the ETF surge almost 70% since Dec. 28.
The semiconductor sector suffered a steep most of last year, which caused SOXL to plummet almost 90% in 2022.
On some occasions, a company will preannounce that is going to have better than expected earnings. When that happens, it is often more difficult to predict the price action in the issue following the announcement for a few different reasons. The primary one: investors already factored in the better numbers.