Need to Know: Earnings season is starting. Why you might want to take a look at the weather, too.
By Steve Goldstein timothy a. clary/Agence France-Presse/Getty Images Earnings season kicks off in earnest on Wednesday with reports from some of the largest banks in the U.S. Besides looking at earnings per share, revenue and forward guidance, investors might just want to check out weather reports. That is the conclusion of a research paper, which finds that weather conditions near a company’s major institutional investors affect stock market reaction to that news. Researchers led by Danling Jiang, a professor at Stony Brook University, say unpleasant weather may trigger physiological and ...
Source: mrtopstep.com