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January 2024

How to Make Earnings Season Profitable Instead of Painful

January 13, 2024TradeSmith Research Team

I don’t expect earnings “watch parties” to be high on most people’s list of fun things to do, but my calendar is full of them as we head into the next reporting season. I’m more of a profits geek than a data nerd – and that’s where the fun comes in. The bottom line is the bottom line. Quarterly earnings give us the most information we ever get about a company’s business. Those fundamentals – along with technicals and Big Money inflows – are the critical factors in my quantitative analysis system that accurately predicts whether a stock will go up or down.

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The Top 3 Stocks in the Top ETF

January 11, 2024TradeSmith Research Team

I’m generally not an ETF guy. There are exceptions, of course, but you have to own all of the stocks in an ETF – including the laggards. It’s better to own just the best stocks. I will say that ETFs are great proxies of what’s going on in the market and certain sectors. That’s why I track a bunch of them closely. ETFs help me identify areas of strength in the market and where Big Money is flowing. They can also be great sources of investing ideas. Drilling down into the strongest ETFs, we can pinpoint the top stocks in the funds – and leave the slackers behind.

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Big Banks Are On the Move – Are They a Buy Ahead of Earnings?

January 8, 2024TradeSmith Research Team

Over the next few weeks, thousands of companies will tell us how much money they brought in during the last quarter, how much they made, and what they expect for the future. Tucked inside that stampede of earnings are some major moneymaking opportunities and some money-losing dangers. This week brings us the first big guns to release their results, and they’re all big banks. On Friday alone, JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) will tell us how they did last quarter and what they expect here in the new year.

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Wall Street Loves This Magnificent 7 Stock, but My Data Doesn’t

January 6, 2024TradeSmith Research Team

In early 2024 trading, five analysts already named Amazon.com (AMZN) as a top pick, according to CNBC. Of 55 analysts with a rating on AMZN, only one is “hold.” The other 54 are “strong buy” or “buy.” I just don’t see it. Or, more precisely, my data doesn’t see it. And since my Quantum Edge system wins about 70% of the time and has outperformed the broader market by 7-to-1 over three decades of data, I’m more confident in my data than prognostications.

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