New to Trading Earnings? Here’s an Example

June 5, 2019
New to Trading Earnings? Here’s an Example

This week we had the opportunity to witness an ideal example of an earnings release trade. We share it here for those who are new to stock trading to get a clearer picture of how trading earnings can go.

Tiffany & Co Earnings

On June 4, Tiffany & Co reported its Q1 gains before the market open. The company is a favourite among making money traders because its stock tends to make moves after reporting.

Wall Street was expecting the company to report gains per share of $1.01, but there were whispers among analysts at a possible EPS of $1.03.

$1.03 was precisely what Tiffany & Co reported, which led to a gap up in the price. Within two hours of the market opening TIF stock went from $90.20 to $95.87, netting savvy making money traders a quick 6.3% profit in a couple of hours.

It was the perfect combination of a rumour that proved to be true and a report that was released before the market opened, allowing for a gap up at the market open even though the company’s gains were actually lower than Q1 of 2018.

Categories: News , Trading

visa mastercard paypal transfer skrill sofort giropay trustly

Open your EverFX account

It takes only a few minutes and even fewer clicks to enter the promising and exciting world of trading. Take the first step by clicking on the link below.
Trading involves significant risk of loss