This Halloween, investors in S&P 500 companies are expected to receive more tricks than treats.
These companies’ earnings are forecast to slip by 21% in the third quarter, adding even more trepidation to an already troubled spooky season.
But as Chief Income Strategist Marc Lichtenfeld reveals in this week’s edition of his popular YouTube series State of the Market, that doesn’t mean there aren’t opportunities to profit…
In fact, this could be the most important earnings season of your life.
That’s because earnings are not a fixed proportion of a company’s previous results. Instead, companies are judged on whether they meet analysts’ expectations, which vary by quarter.
And with all of the hurdles that the COVID-19 pandemic has brought to businesses around the world this year, the bar for third quarter earnings has been set uncharacteristically low.
You can profit whether a company earns more than it was expected to…
Or even loses less than it was expected to.
A company doesn’t even have to remain profitable to experience post-earnings jumps. Just take market giant Tesla (Nasdaq: TSLA), which has posted only one 12-month period of profitability in its history, for example.
Yet already we’ve seen companies like Citigroup (NYSE: C), which reported results on Monday, beat expectations – and Citigroup neared its one-month high as a result.
In a swath of companies knocked flat by COVID-19 shutdowns and precautions, there are several companies poised to deliver upside surprises this quarter.
Their results will prove their ability to weather the pandemic and come out stronger on the other side.
So if you don’t want to miss out on this critical market intelligence…
If you want to know one company Marc sees triumphing despite the pandemic…
And if you want to profit from the most important earnings season of our lifetimes…
Then click here now to watch Marc’s latest video.