Upside Earnings Surprises Have a Downside

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Upside Earnings Surprises Have a Downside
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The stock market used to reward companies for beating Wall Street analysts' expectations of how much they could earn. That may be changing for the better, writes columnist jasonzweigwsj

 

Best thing that could happen. Quit making stupid decisions to impress analysts. Decisions should be based on ensuring a company’s long-term viability. Serious investors know this, Arbitrageurs not.

It's not about quarterly earnings, it's about forward guidance.

I wouldn't miss it if Wall Street vanished

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