As hard as it is to believe, we’re already halfway through the year.
And come Monday, Alcoa (NYSE: AA) “unofficially” heads off second-quarter earnings season, which means that we could be looking at some instability in the markets – despite June’s strong jobs report.
Now pundits have mixed opinions of what to expect…. Some are calling for a “frightening” earnings season while others are expecting strong results.
Regardless of who ends up being right, we’re not immune to earnings “surprises” that could drive the markets higher or lower.
In the first quarter, for example, energy companies shocked the markets by beating their expected earnings by 28.7%. But even so, we saw the largest decline -56.6% – in the overall energy sector in the first quarter.
So today, I’m going to show you a classic pattern you can use to milk earnings this quarter… surprises and all.
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