Last week I saw several reasons to be optimistic as we enter the second week of Q2 earnings. My overall return was near even for the first week of this series, but then again, I only used $10,000 of my $24,000 starting bank. For those of you who are reading this piece and unfamiliar with my earnings strategy then I urge you to see this link for more details and read last week's article that will provide more insight into the strategy being used. In week two I will be using a variety of strategies which includes buying stocks just before earnings, but also buying after earnings are announced. Before we get started take a look at how the stocks I purchased in week one performed, and as you will see, I have only sold two of the stocks I bought in week one.
Company | ticker | $ Spent | Buy Price | Sell Price | Gain/Loss | Gain/Loss |
(GOOG) | $3,142 | $628 | $631 | $3,155 | $13 | |
Alcoa | (AA) | $2,016 | $9.60 | $10.20 | $2,142 | $126 |
Wells Fargo | (WFC) | $2,542 | $33.00 | |||
JPMorgan | (JPM) | $2,467 | $43.30 | |||
Week 2 balance | $24,139 | |||||
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