Two Stocks Setting Up To Report Blowout Earnings Next Week

Jul 12 22:07 2019 Print This Article

On Thursday morning, Delta Airlines (DAL) blew past revenue and EPS estimates, despite a challenging environment for airline stocks ($DJUSAR) in 2019. While DAL's results may have surprised quite a few people, they didn't surprise me. The best way to follow where Wall Street is placing their bets is not by watching CNBC -  rather, it's by following relative strength on the charts, as that tells us where big money is investing. Keep in mind that investment firms like Goldman Sachs send their analysts to meet with company management teams to find out the latest regarding their outlook. After those meetings, they return to their office and invest clients' money.  When you see companies outperforming their peers and the benchmark S&P 500, it's generally a good signal that a company is exceeding Wall Street's expectations.

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StockCharts.com was founded in 1999 by Chip Anderson, a 10-year veteran of Microsoft. StockCharts.com is a website that provides online investors with high-quality financial charts for making better investing decisions. StockCharts.com is focused on Technical Analysis - the study of price history via charts. They provide award-winning analysis tools, market commentary from respected analysts like John Murphy and Martin Pring, and a huge collection of educational resources that can help anyone become a better, more informed investor.

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