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At SlingShot Trader we help subscribers make large, quick profits trading the news. Not every news story is worthy of a trade. In fact, very few are. But with our proprietary screening mechanism — the SlingShot Profit Screen — we cut through the noise to find the high-velocity trades that will put money in your pocket. LEARN MORE ›

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John Jagerson
Editor, SlingShot Trader

Wade Hansen
Editor, SlingShot Trader

Weekly Update: Sep 12, 2018

The third-quarter ends this month, and expectations seem to match the early earnings results that have already been released. There have been a few trouble spots, such as Sonos, Inc. (SONO), which dropped back to its IPO price following earnings, but the positive surprises are still running ahead of the disappointments.

One of the most important bellwethers each earnings season is FedEx (FDX), which will report its latest results on Sept. 17. However, be careful with the FDX report because the initial reaction in the stock’s price to FDX’s earnings does not correlate very well with whether the data were good or bad. We will need to wait until next week for FDX’s data, but they should help us understand the trend in general business and shipping activity a lot more than we do now.

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