Lowered Expectations Make This a Crucial Earnings Season

JP Morgan (JPM) decisively moved the markets on Friday with their Q1 earnings that had record revenues and earnings. In addition, CEO Jaime Dimon’s positive economic outlook helped boost not only the stock, but the market in general. In contrast, Wells Fargo (WFC) also reported good earnings and a decent outlook, but their volume of loans and deposits were down more than analysts were expecting. WFC was up in the Friday pre-market, perhaps on the coattails of JPM and them plummeted for the rest of the day. In Monday premarket moves, two more of the top 6 U.S. Banks reported earnings with Goldman Sachs falling -3% as earnings beat estimates, but revenues dropped 13% Year-over-Year. Citigroup (C) also reported strong earnings and reduced revenues, though the latter was much less than GS’s, and Citigroup’s stock only fell -0.5%.

Earning Season Will Be a Key Market Mover

The earnings season, where companies report their first quarter of 2019 (Q1) numbers, is upon us. Traditionally, earnings season doesn’t start until Alcoa (AA), the large aluminum manufacturer, reports earnings – and that will be next Wednesday. But some large banks reported on Friday (4/12) and their results were market movers. I wrote last Monday about J.P. Morgan (JPM), one of the best run banks in the world, reporting before the open on Friday along with beleaguered Wells Fargo (WFC). Rounding out the big banks top 6 – #2 Bank of America (BAC) and #6 Morgan Stanley (MS) will report on Tuesday and Wednesday respectively.

How You Can Capitalize on the Next Earnings Season

The next earnings season is officially underway! Companies will now begin reporting their earnings for the first quarter of 2019. The first major participants were a couple of big banks which reported mostly positive results yesterday.

In today’s market update video, I’ll be discussing some of the significant happenings in the market. I’ll also provide some insight on which sectors will be the best bets for investing this spring.

Also, I briefly mention the critical resistance and support levels that we’ve discussed recently, and how members of my elite research service, Stealth Profits Trader, had a chance to achieve some great profits from our understanding of what the market was going to do.

Over the last two weeks, Stealth Profits Trader members have had the opportunity to sell parts of their investments for 100%, 141%, 150%, and 300% gains! Click here to find out how you could have a chance to make these kinds of profits for yourself!

Click below to watch the market update video…