July 9 – Trevor Thompson
“Stocks finished higher as investors prepared for the unofficial start of the summer earnings season with Alcoa (AA) posting its quarterly results after Monday’s closing bell.”
that’s the overnight news from the US. Earnings season is when some fundamental value calculations will hit the market. A company is usually valued at a multiple of its earnings. As companies report their earnings analysts will study the figures and report back as to their opinion of fair value and whether or not the company made as much money as was predicted. Higher profits and estimates of higher future profits would be the news we are looking for!
By Trevor Thompson.
CFP DipFP
SENIOR PARTNER