While the early results of earnings season may not be giving investors much to cheer about, it is a nice diversion to the stock market’s May-June sell-off.
And like a much needed summer holiday, it may be just the break penny stock investor’s need before heading into the autumn trading season. But until then, we must weather a turbulent earnings season.
Now, I’m not sure if your favorite penny stock company has announced their quarterly results yet, but I have noticed that there seems to be something missing at the end of (some of) the reports. And it’s making my ability to predict the future that much more difficult.
Typically, at the end of an earnings report, a company will finish off teasingly with a “forecast” or an “outlook” for the next quarter and sometimes the remainder of the year. Something that will make us stick by their side through thick and thin.
Unfortunately, market volatility and ever growing geopolitical tensions are making it tougher for companies to predict what’s going on quarter-to-quarter.
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