Friday the 13th is always superstitious for traders and many are wary of working on such a day.
But for investors and traders who trade on days when companies release quarterly reports, today is a good time.
- UnitedHealth (UNH).
- JPMorgan (JPM)
- Bank of America (BAC)
- Wells Fargo & Co (WFC)
- BlackRock (BLK)
- Citigroup (C)
This is a list of banks and financial companies that will release quarterly reports. Almost all of the list will report before the market opens.
Keeping an eye on these reports is necessary both for investors and those traders who trade indices that include these companies.
For super volatility and directional price reaction as a result of the report not meeting investors’ expectations – it is enough to show a slightly lower than expected profit and it will be a strong short-term catalyst.
I recommend comparing last quarter’s performance with the current report and disregarding the “forecast/expectation” value – as this value is often used in advance for a predicted reaction.
Author / trader Mikhail Lemach
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