We’ll start trading a bunch of “no name” stocks next week (here’s how to prepare)
Dear Reader,
One of the best few weeks of the year begins next Friday.
Why?
It all boils down to one simple equation…
And on October 14, they’ll do it again. That’s when we’ll hear from JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Morgan Stanley (MS), and a few others.
You’re going to read (in the mainstream news) about what the health of these behemoths means for the overall economy.
They’ll speculate about interest rates. You’ll hear about repo markets. Maybe they’ll even throw in some suggestions about the credit crunch affecting millions of American households right now.
But I have news for you – none of that matters.
Earnings are more important for the volume they bring – see why right here.
Most of the time, only the big names – the Amazons, the Apples, the Microsofts – have enough volume to really trade. Even then, sometimes it’s not enough.
That’s why I like the QQQ – because average daily volume is 81 million shares.
But, during earnings season, a bunch of “no names” could catch the limelight.
And when they do, we’ll be trading them.
Here’s how to prepare yourself right now.
Kenny
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October 03 2022
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