Another earnings season kicked off last night when Alcoa (AA) released its Q2 earnings after the close. As the chart to the right shows, the real heart of earnings season doesn’t begin for at least another week, and the peak reporting day for this earnings season is not until early August when nearly 250 companies in the Russell 3000 are set to report earnings on a single day. Outside of Alcoa (AA) yesterday, the only other large cap stocks that reported this week were Pepsi (PEP) and Walgreens Boots Alliance (WBA) which both reported before the open Thursday. In terms of importance, next week will be a lot more significant as 39 S&P 500 companies will report, including most of the major financials (BAC, BLK, C, GS, JPM, and WFC), Google (GOOGL), Intel (INTC), Johnson & Johnson (JNJ), Netflix (NFLX), Schlumberger (SLB), and UnitedHealth (UNH).
When it comes to earnings season, no firm has you covered like Bespoke. First, our Interactive Earnings Database is an invaluable tool for traders who want to get a read on how individual stocks typically react to their earnings reports. This database covers nearly every US stock and shows how they historically reacted to each of their earnings reports over the last 10+ years. In the example below, we show historical results for Apple (AAPL) and how the stock reacted to each individual report going back to 2008. As shown, AAPL’s stock has gapped up following its earnings report in each of the last four quarters.
In addition to the Interactive Earnings Database, which is available to all Bespoke Institutional clients, Bespoke Premium (and Institutional) clients also have access to the handy Earnings Calendar (click on thumbnail for sample from last quarter). With sometimes hundreds of companies reporting on a daily basis during earnings season, it’s easy to lose track of the specific reports that you’re focused on. Our Interactive Earnings Season Calendar allows you to easily monitor upcoming earnings reports, and it provides key historical earnings information for each stock to help develop trading strategies around report days.
In addition to these two key tools, in our B.I.G. Tips reports we also provide clients with updates on trends that transpire throughout the earnings reporting period. Over just the last two days, clients have received two reports providing actionable insights concerning analyst sentiment (which has seen a notable change relative to recent quarters) and how useful Alcoa (AA) is or isn’t as a barometer of the overall market’s performance during earnings season. These are just two examples of the many reports clients will have access to throughout earnings season, so if you are anywhere near as interested in earnings season as we are and you are not yet a client to Bespoke, sign up for one of our subscription services today. To make it an even easier decision for you, the first five days are on us and if you enter the coupon code ‘thinkbig’ we’ll take 10% off the price of the subscription. Why would you not sign up and try it out?