
How to Read an Earnings Report in 15 Minutes: The Five Lines That Matter
The headline numbers are written for you. The five lines below them are written about you — and they reward a skimmer who knows where to look.

The headline numbers are written for you. The five lines below them are written about you — and they reward a skimmer who knows where to look.

The SPIVA scorecards and ICI fee data agree on the long-run record: most active funds trail, and costs explain much of why. The exceptions are narrow.

Neither. The honest answer is that the two methods answer different questions, and each adds edge only in the narrow territory where its assumptions hold.

The regional lender reports Thursday after the close, and its record against estimates — not its growth rate — is the number to watch.

A shutdown should be arithmetic: fewer plants, lower costs, better margins. The tape often disagrees, and the disagreement has a logic worth reading.

The decision is the easy part. The wording around it is what moves money.

Headlines blame traders. The plumbing — market makers, algorithms and order flow — does most of the moving.

Most people read too much market coverage and retain almost none of it. A fixed half-hour, once a week, fixes both problems.

A seasonal checklist for reading the quarterly reporting rush without letting the tape read you.

Most intraday headlines are weather. A few change the climate. Here is a working filter for the difference.