Stay on top of important announcements and meetings by checking the
economic, earnings and options calendars.
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Earnings Calendar
Scheduled earnings announcement dates, including EPS
estimates and time of day day. Stocks tend to be unpredictable
in earnings season, often moving in one direction prior to the
announcement only to move in the opposite direction after the
earnings.
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Earnings Guidance Calendar
A company's forward guidance about its anticipated earnings
is a very important piece of information because it comes from
the company itself. Briefing.com has an excellent free
calendar listing companies that have issued upside, downside or
in-line earnings/revenue guidance. It also includes a
search engine that enables you to research the history of any
company's guidance (e.g., Does the company have a history of
guiding up or down? If so, how close to its earnings
release dates are the guidance revisions usually issued?)
Earnings revisions often impact the way stocks trade between the
date of the revision and the date that earnings are officially
released.
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Upgrades/Downgrades/Price Target Calendar
An important aspect of market analysis is the "analysis of the
analysts". The opinions of analysts at major firms can
have a big impact on how a stock trades. They aren't
always right; but we are less concerned about whether they are
right or wrong...and more concerned about what the market thinks
about their opinion. Excessive bullishness, combined with
a parabolic move in a stock, often results in a meaningful top.
Pervasive bearishness among analysis can typically signal that
the end of a downtrend is approaching. One aspect of the
analysis of analysts that is often overlooked is the grouping of
price targets on stocks. When a preponderance of analysts
(or even one prominent analyst) share the same price target, the
result is latent (invisible) selling pressure (on upside
targets) and buying pressure (on downside targets). This
latent pressure won't show up on price charts but is certainly
there. So as a part of your analysis, always check the
price targets, as well as the recent actions of analysts. |
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Economic Calendar
A calendar on Briefing.com of all scheduled dates for
release of economic statistics. Once on this page, click on each
term for a historical charts, key factors that impact the
economic data, an explanation of the implications the data has
for future economic conditions, and an "Importance Rating" --
that is, how important is data to the economy and the market.
(E.g., Auto and Truck Sales rates a C- while Nonfarm Payrolls
rates an A.) |
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Options Expiration Calendar
Options expire on the third Friday of each month. Large
options traders typically sell "front month" options to take
advantage of time decay. As the options expiration date
approaches, they will "roll out" to the next month, closing
current options.
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