Your earnings season survival guide (Ep.639)

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 10 October 2018

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earnings season kicks off next week… So I invited John Petrides of back today to tell us what to expect. I love having John on the show because of his wealth of knowledge across many different sectors. He’s one of the best analysts I know when it comes to breaking down earnings from macro and micro perspectives. And we’re likely to see incredible volatility in many stocks during the season. Since last quarter, we’ve seen an uptick in energy prices and wages—two of the biggest costs for companies. The U.S. dollar has also run higher, which could cut into profits for companies that do business overseas. And increased tensions between the U.S. and China on trade could cause further inflationary headwinds. These risks create a huge layer of uncertainty for management teams… which could lead to less-than-optimistic forecasts when they report earnings results over the next few weeks. And earnings forecasts (guidance) are what drives stock prices. Today, John shares a list of stocks every investor should pay close attention to during earnings season. These companies will give you a great perspective on the global markets and how to position your portfolio. He also highlights some of his favorite names heading into earnings season… including two you should purchase right now. In my educational segment [52:38], I explain a strategy that’s helped me buy industry-leading companies at an incredible discount to the market… and generate huge profits over my 25-year career. This low-risk/high reward strategy can be used by anyone… but it requires discipline and courage… which is why most investors will never try it.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.1	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.8	right to you on Main Street.
0:16.0	That's going out there, it's October 10th.
0:18.0	I'm Frank Curzy, host of the Wall Street on Club Podcast,
0:21.0	why break down the headlines, and
0:23.2	tell you what's really moving these markets.
0:28.0	So it's October, October 10th, right?
0:37.0	Get in the middle of October year, but it's October, the month of October.
0:41.0	So you know what that means, right?
0:44.0	The biggest crashes in history occur in the month of October.
0:50.0	In the panic of 1907, it happened October, which I bet you some my retired subscribers may remember.
0:57.0	I'm just kidding. I like to play around with them because these are the people that I see the most.
1:02.0	They're retired, they go to all the people that I see the most. They retire, they go to all the conferences
1:04.3	that I attend that I speak at and I have fun with them and they're so honest with me because it's like,
1:08.0	Frank, I didn't like that comment, but good stock picks last one. So I like to poke fun of them, but seriously 1907, right? That panic happened
1:15.8	in October. And we have the October 1929 crash, right? So in 29 the big event happened October where there was several record-breaking slides that actually took place during the month.
1:27.0	They nicknamed Black, whatever, Black Tuesday, Thursday, Monday, it was just, you know, before there is the real black Monday which was
1:34.7	1987 again market crashed in October. I'm familiar with this and that was dubbed the
1:41.4	Black Monday and I'm so familiar with it because it was my dad's claim to fame
1:46.0	where he titled this October 1st newsletter
1:49.0	he titled it crash
	...

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