There's No Recession... and Earnings Season Will Prove It

The true signal of where the economy is going... [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED Millions of cancer cells DEAD in 48 hours? [These]( are the deadliest cancer cells known to man... Not even chemo can touch them. But when Vienna researchers sprinkled [THIS]( on them in vitro... BOOM! Millions of chemo-proof cancer cells dropped dead in just 48 hours. The truth about [this safe, natural secret]( is being hidden from cancer patients... But now you can get full details on how anyone can get it by [clicking here now.]( [This tiny secret]( is the cancer industry's worst nightmare. [Watch this video now]( while it's still available. [MARKET TRENDS]( [There's No Recession... and Earnings Season Will Prove It]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( The economy is stronger than most people believe. And we'll get proof of that over the next few weeks. No, I'm not talking about economic data. There are plenty of positive economic indicators right now, like extremely low unemployment, strong wage growth, better-than-expected retail sales and falling inflation... but it's not all flowers and honey. Other data points, like low consumer confidence, are concerning. And everyone and their brother-in-law seems to be expecting a recession. (But perhaps that's another reason to think we'll avoid one.) The true signal of where the economy is going will be corporate earnings. The S&P 500's earnings have slipped year over year in each of the past three quarters, but third quarter earnings are expected to be flat relative to last year's third quarter. And remember, earnings expectations are a little dance put on by CEOs and analysts. Corporate CEOs usually provide conservative guidance so they'll look like heroes when they beat expectations. And analysts, whose firms are usually trying to win investment banking business from the companies they cover, go along with the game so they can stay in the companies' good graces. Earnings season unofficially started last Friday, when big banks like JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) reported quarterly results. Over the coming weeks, we're going to get an avalanche of earnings reports every day - both before the market opens and after it closes. And these earnings reports are often catalysts for strong stock moves. For example, in August, DraftKings (Nasdaq: DKNG) surged as much as 16% in one day after beating earnings expectations and raising guidance. And Autoliv (NYSE: ALV) jumped more than 10% in one day on an earnings beat in July. SPONSORED [***UPGRADED: Our "Last Great Value Stock" Trading "for Just Pennies"]( [Thumbs Up Market]( A new blockbuster report by The Motley Fool featured what we've been calling "[The Last Great Value Stock]( Fool's Christopher Ruane wrote, "Shares look quite cheap at the moment. After all, they're in penny stock territory... they offer good value - and I have been buying them for my portfolio because of that." InvestingCube says, "Share price is a bargain." And Zacks Investment Research just [upgraded]( the stock. So what is this cheap, bargain-priced, upgraded stock? [ Get the urgent details here before the price surges higher.]( When I'm picking stocks to trade heading into earnings, one of the things I look for is a consistent track record of beating expectations. That doesn't guarantee the company will beat expectations again, but it does show that the company's leadership is skilled at managing Wall Street and overdelivering on its own guidance. Booz Allen Hamilton (NYSE: BAH) has beaten expectations in each of the last 16 quarters. The company will report earnings on October 27. Again, there's no guarantee that its earnings will come in higher than Wall Street's forecast, but I'm sure management doesn't want to ruin a strong track record of earnings beats. My guess is that it has expertly managed Wall Street's expectations so that the company's numbers will be above Wall Street's estimates. In addition to a solid history of beating expectations, I like to see earnings and revenue growth. Booz Allen Hamilton is projected to increase earnings per share by 10% in its fiscal 2024, which ends in March. Revenue is forecast to grow by nearly 12%. So in order to capitalize on earnings results, look for strong companies that have consistently beaten expectations and grown their earnings and revenue. That will strengthen your odds of picking a winner and making good money on a short-term trade. This earnings season will be an important barometer for how the economy is doing. I expect the results to be stronger than anticipated... and to provide many opportunities for shorter-term profits. Good investing, Marc P.S. Here's another opportunity that deserves your consideration this earnings season... My [favorite energy stock]( reports earnings in just over a week. It reported 35% revenue growth in the first half of this year... and 85% growth from 2021 to 2022... But that's not all. In a 15-month span ending in December 2022, earnings soared an astounding 3,757%! Now, it's extremely rare for me to publicly disclose where I'm investing my own money. Everyone's situation is different. But this sub-$10 opportunity is [just too good not to share](... I think it could DOUBLE within the next year. I've already made plans to load up on the stock next week. [Now's the perfect time for you to get in alongside me.]( [Leave a Comment]( [Investment U Conference 2024 at the Ojai Valley Inn & Spa in Ojai, California. February 26-29, 2024]( RECOMMENDED LINKS [Top Trader Reveals "One Ticker Payouts": One Ticker... One Trade... Every Week!]( [Stock Forecasting Champion Says One $10 AI Stock Could Deliver Windfall Profits. 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It's simple... You MUST get in early... [Clock Breakingdown]( ✔️ BEFORE the mainstream media catches on... ✔️ BEFORE the stock becomes too expensive... ✔️ And BEFORE the real rally begins. This under-the-radar $7 stock is the one I'm betting on for 2023... But fair warning... Your chance for a massive first-mover advantage disappears on October 24. [The Oxford Club]( You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. 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