[Chris Johnson Penny Hawk Header]( Tuesday, August 01, 2023 Hello â [Yesterday I introduced you to the approach of avoiding âcrowdedâ stocks ahead of earnings.]( The reason is simple. Stocks with extremely optimistic sentiment are often âpriced for perfectionâ and find it harder to impress the âcrowdâ. I didnât go into the obvious, which is what happens when a stock is on the opposite end of the sentiment spectrum. While harder to find sometimes, stocks that are among the less crowded or even âmost hatedâ by comparison offer opportunities for investors. Take for example Intel Corp (INTC). Last week, the once giant (and most loved) company of the semiconductor sector announced their quarterly earnings results. Frankly, most investors wouldnât have known as they were too busy watching the crowd favorites like Microsoft corp (MSFT) and Alphabet Inc. (GOOGL) that had reported two days prior. Hell, even Mcdonaldâs Corp (MCD) and Mastercard Inc (MA) were reported more heavily than Intel. You get the idea, there was no crowd waiting on Intelâs report. The earnings results were good, but not blockbuster. They beat earnings per share and revenue estimates and provided little guidance. Guess what that got them. One of the best post-earnings rallies that weâve seen from the earnings season so far. Intel shares shot more than 8% higher in the two days after the âsurprise.â [Yesterdayâs long list]( gave you access to some of the sentiment measures that I watch ahead of an earnings report. Let me be clear. These are not the only things that I watch. I also look at short interest, price patterns, past earnings results and reactions, options activity, and other signs of where The Streetâs expectations are set. Letâs lower the microscope on those 30 stocks to narrow things down to a five stock watchlist. Chris Johnson By texting INCOME to 21852, you are expressly consenting to be texted about investing news, trade alerts and marketing communications from Money Map Press, LLC about Money Morning's Red Alert text messaging service at the phone number you use, even if the phone number is on a corporate, state or national do not call list. You also consent and unconditionally agree to our [Privacy Policy]( and [Terms of Use]( including the arbitration provision and class action waiver contained therein. Your consent is not required to make a purchase. Msgs may be sent using automated technology. Message frequency varies. Msg&data rates may apply. Text HELP for HELP and Text STOP to STOP. You are receiving this e-mail at {EMAIL}, as part of your subscription to Penny Hawk. To remove your email from this list: [unsubscribe here]( To cancel, or for any other questions or requests, please contact our Customer Service team:
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