Earnings Trades: 4 Stocks Set to Take Wall Street by Surprise
Chris Johnson and Jon Lewis, July 21, 2009
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Look at your calendar. When was the last time it showed the date when a company would be coming out with huge news that could move the stock? The release of a new drug by Pfizer (PFE)? Not there. Details on a new phone by Research In Motion (RIMM)? Nope. News releases that move a stock are typically a surprise to the market. They're not planned. Except one -- earnings releases.
No other price-moving event is scheduled like earnings announcements. This can work to your advantage... or against you. On the plus side, you know the date and time when the news is coming. Of course, everyone else knows when it's coming, too. So how can you "beat the street" at this game and make profitable earnings trades?
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