CZR - Q2 Earnings Season 'Kabuki Dance' Rife With Downward Guidance. Bad? No Good! Buy
Bad news is good news
5-year high in negative pre-announcements for Q2 earnings Ratings Corner. Check out this CNBC chart...
Q2 earnings reporting season starts around the week of July 15; 77% of the 113 companies that have issued are showing negative earnings per share guidance. That number is usually below 60%. Here is the thing, as the more you hear how terrible Q2 is going to be, the more we are set up for earnings surprises to the upside. In fact, I am willing to bet that the majority of the companies that did