Hey, Ross here:
I’ve been talking a lot about the market pullback recently.
And that’s to be expected – because it’s on everyone’s minds.
But as today’s chart shows, there is another equally important market-moving event happening – one that could allow you to intelligently defy the pullback.
Chart of the Day
As of the end of last week, 14% of the companies in the S&P 500 have reported first-quarter earnings.
The chart above shows, by sector, what percentage of those reported earnings are below, in-line with, or above expectations. Above expectations is green, in-line is yellow, and below is red.
As you can see, so far, most earnings are coming in above expectations.
That’s a positive sign for the market as a whole as it could help lift us out of the pullback sooner rather than later.
And as I explain in the Insight of the Day – it’s even better for traders targeting individual stocks.
Insight of the Day
Earnings season is when the market “recalibrates” their expectations for stocks – which is why it can lead to big price moves regardless of the broader market.
A stock’s price is based on the market’s expectations.
And when a company releases actual earnings, the market recalibrates these expectations – often leading to large price moves.
This means if you know what these earnings are ahead of time – you can profit from these big price moves.
Now, short of industrial espionage, there’s no way to discover this directly.
But, if you know how to follow the trail of the insider money…
Uncovering the big stock buys made by a company’s high-ranking executives and board members…
You stand the greatest chance of making some fast profits even as the market continues to pull back.
That’s why in just a few hours at 11 a.m. Eastern later today…
I’m going LIVE for a masterclass that will allow you to position yourself in the highest-potential “insider stocks”…
Placing you right beside the insiders who already know what the earnings will say.
That’s how you intelligently defy a pullback during earnings season.
So, if you haven’t already, make sure you click here to lock in your spot for my masterclass…
And watch out for the login details in your inbox shortly.
I’ll see you at 11 a.m. ET.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
