Earnings season is underway, and the procession of companies reporting financial results for the prior three months unofficially began with a surprisingly decent report from industrial metals giant Alcoa (AA). The company managed to beat expectations, but those expectations had already been lowered by about one half over the prior 90 days. What does this tell us about what to expect this earnings season? By itself, we can’t read too much into the Alcoa situation, but what we can say is that there already have been a number of companies who’ve warned Wall Street that their prior quarter numbers would be substantively lower.
Aside from these warnings, there are also numerous companies that will likely come in with both top- and bottom-line numbers that are destined to disappoint. For some, it’s because their business is way out of favor, and for others it’s a general distaste for their brand, and even their management. Investors looking to make sure they don’t get caught in disappointing stocks need to make sure they are nowhere near these stocks well before they report.
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On the following pages are 5 stocks to avoid this earnings season.