EWI Insight

Earnings


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Let's make this a myth-busting Monday. "Earnings drive stock prices." How many times have you heard that? Dozens of times, right? It seems logical, but is it true? Well, one problem is that quarterly earnings reports document companies' earnings from the previous quarter. Using what a firm did three months ago to predict what the company's stock is going to do in the future is like driving down the highway with your eyes glued to the rearview mirror instead of the windshield. https://bit.ly/2tqwz31

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EWI InsightBy Elliott Wave International

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