“When a company beats earnings estimates, revenue estimates, AND raises forward guidance all in one earnings report…That’s what we call an earnings triple play,” explains the author of today’s article – who proceeds to outline a strategy to capitalize on triple plays without the risk associated with buying a company’s stock the day before their earnings report comes out. It all has to do with taking advantage of post-earnings announcement drift (PEAD). For how to deploy this strategy, CLICK HERE.
Drift Into Profits With PEAD
- by Bob Mitchell