Why stock reactions often don't reflect earnings: Strategist

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Steve Sosnick Noticias

Interactive Brokers,Market Domination,Earnings Season

As earnings season unfolds, companies like Uber (UBER) have taken center stage with their financial reports. Interactive Brokers Chief Strategist Steve...

) have taken center stage with their financial reports. Interactive Brokers Chief Strategist Steve Sosnick joins Market Domination to provide insights on the day's trading takeaways.

Addressing Uber's share price decline despite beating earnings, Sosnick suggests that the impact on the markets will be"Uber-specific." However, he notes a broader trend where companies posting earnings beats have not seen their stock prices reflect that performance. Sosnick explains that"people are looking through them to see how they're managing their businesses.

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Nvidia will surge another 22%, and is still cheap compared to peers despite nearly doubling this year, Goldman Sachs saysTrade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign dealers pullback amid a US sanctions threat.Shopify stock is looking way too cheap for long-term investors looking to grow their wealth in a TFSA or elsewhere. The post 2 Tech Stocks to Buy Like There’s No Tomorrow appeared first on The Motley Fool Canada.

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