by Bespoke Investment Group
At Bespoke, we offer numerous services to help investors stay on top of the market during earnings season. As just one example, last Thursday afternoon we published a report for clients regarding Google's (GOOG) upcoming earnings report and advised that, "based on Google’s past trading history on earnings, we would not be a buyer of the stock tomorrow morning regardless of how good (or bad) it might look."
As we all know now, GOOG's report didn't exactly impress Wall Street. After missing consensus forecasts by two cents, the stock opened Friday morning down over $33, but the decline was not finished there. By the end of the day Friday, GOOG traded down an additional $14.59 from from Friday's opening price for a total decline of $47.81 on the day. With such a large drop at the open, some bottom fishers may have been tempted to buy the stock for an intraday rebound, and for those that did, they quickly came to regret that decision. Bespoke Premium and Premium Plus clients, however, would have seen GOOG's prior trading history and avoided the trap altogether.
Thursday's report regarding GOOG is just one of the many types of exclusive reports related to earnings season that Bespoke Premium and Bespoke Premium Plus clients have come to expect during earnings season, and with hundred of companies on to report earnings season in the weeks ahead, traders and investors need all the help they can get to stay on top of the market during what is often a volatile period. If you are not yet a subscriber and would like additional information, click here. If you would like to subscribe to either of these services, sign up today to receive access.
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