As many investors know, the season of earnings reports is upon us. Each day, new earnings reports come out for companies. Some help spur stocks to new heights, like Johnson & Johnson. Others don’t benefit even when they beat expectations — like Bank of America — due to outside forces.
Needless to say, these earnings reports have caused some fluctuations in the market — both positive and negative. And, it can be hard to keep track of everything going on in the markets. This is where TradeSmith’s latest updates can help you.
TradeStops
Like we mentioned, many stocks are reacting to earnings reports. Some go up following the news, and others quickly drop in price. This can make tracking the overall value of your portfolio difficult.
In TradeStops, we show you the value of your portfolio on the Positions and Alerts tab.
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By default, this is set to the TradeStops Value. We calculate this based on the positions located in your portfolio on TradeStops. In some cases, you might have noticed that this value differs from your brokerage account. This can happen for a number of reasons, but the most common is that there are positions held at the brokerage that we don’t support — like bonds.
You can change this number, however, to reflect the value at your brokerage. Simply click that small triangle to the right of “TradeStops Value” and toggle it to Brokerage Value. Then, you’d be able to see the value displayed by your broker.
This is a fantastic way to keep track of your portfolio’s value even as stocks make large jumps as the earnings season continues.
Ideas by TradeSmith
When you hear about individual stocks performing well following their earnings report, it can be tempting to quickly invest in the equity. One of the stocks making the biggest headlines this time around is Disney. Combined with a great earnings report, the new Disney + streaming announcement, and Star Wars Galaxy Edge, the stock has been performing quite nicely in the market.
Before jumping on the Disney bandwagon, however, it’d be a good idea to research the stock a little bit. As we all know, noise is possible in the market, and gains may only be temporary. We can check TradeSmith’s Lab to see how many strategies a stock might meet.
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In this case, we can see that Disney meets two strategies that are found within TradeSmith’s Lab. In addition, the stock is held by four different billionaire investors. At this point, it’d be up to the individual investor to determine if Disney might be the right investment for them based on the number of billionaires holding the stock and the strategies that DIS meets.
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Individual stocks aren’t the only things impacted by these earnings reports. Entire markets are also changed. For example, the DOW opened 100 points higher on Tuesday morning following positive investor sentiment.
The latest update to the Ideas by TradeSmith Dashboard gives you a quick view on how the markets are performing with swim lines.
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This is a quick and easy way to get a sense for how an entire market has been performing. For a more detailed view on the market’s performance, you could click on the market’s hyperlinked name. This will bring you to the Market Health center where you can perform further analysis on the market.
Bulletin Board
As moves in the market continue, it’s important to have an exit strategy in mind — and even an entry point. On April 24, at 1 p.m. Eastern, Tom Meyer and Marina Stroud will discuss some great tips and tricks you can use in TradeStops for your alerts. They’ll also be covering some unique alerts you might not even know about! So, make sure to register to join us.
As a rule of thumb, commodities are not great investments. But under the right circumstances, a commodity can be an excellent investment. And, in TradeSmith’s latest editorial, he shares one commodity he believes could perform well in the future.
Signing off
As the earnings report season continues, you can expect various stocks and the markets as a whole to be impacted. But, with the TradeSmith suite of tools, you can rest easy — knowing how your portfolio is performing, which stocks might be a good idea for you, and how the overall markets are taking the news. You don’t need to let fear (or even fear of missing out) impact your overall profits.
And, as always, if you have any questions, please let us know. Our team is always happy to hear from you and help you. Our email is [email protected]. As a reminder, our offices will be closed this Friday, April 19, in observance of Good Friday.
Enjoy the holiday weekend,
TradeSmith Customer Success Team
