Earnings Season (Pfizer, Toyota, BP, Sony)

We previously talked to you about the value of following Earnings Season in the post "F*ck Football - No it is Earning Season. Click here to check out that post again.

Today we will look at a few companies to get some ideas regarding earnings. Before we move forward lets answer the primary question.

What is Earning Season and why should I care?

Pretty simple it is the time of the year that publicly traded companies report if they are making money or not. Think of it as a kind of "report card" to tell you how well your kid is doing in school.

At IDEASWORTHTRADING in our opinion learning about earnings season can be valuable for the following reasons.

1. Most of us work for a company that is publicly traded.

2. We often own stock or investments in a company that is publicly traded.

3. Many of us have a 401K that is based on companies that are publicly traded.

4. We all buy goods and services from publicly traded companies.

We could explain some other details but we figured it is easier to share a video from someone who is smarter than us. Please see video below from "Ask Professor Milligan: Earning Season

Here are a few company names you might recognize who are reporting there earning this this week. (Pfizer, Toyota, BP, Sony) For a full list click here.

Have some fun and look at a chart that tracks the price of your favorite company. Do you think the price will go higher or lower? What do you think will happen with the stock from Pfizer? Below is a chart of Pfizer from Stockcharts.com

Big Idea: Earnings is just one of the many ways that Wall Street tracks a companies health. Get educated about the company you work for or where you spend your money.

Until Next Time, Keep Sharing

IDEASWORTHTRADING