Upside Earnings Surprises Have a Downside

📆 2018/11/17 7:45:00
📰 WSJ

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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

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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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