As we all know, earnings season is now underway. Today, leading financial stocks such as JPMorgan Chase & Co (NYSE:JPM), and Goldman Sachs Group Inc (NYSE:GS) reported earnings that were well received by traders and investors. Tomorrow, many more leading financial stocks will continue to report their earnings. Leading financial stocks such as Bank of America Corp (NYSE:BAC), BlackRock Inc (NYSE:BLK), Capital One Financial Corp (NYSE:COF), Citigroup Inc (NYSE:C), and Fifth Third Bancorp (NASDAQ:FITB) will all report earnings before the opening bell.
The financial stocks have been the strongest industry group in the stock market since June 4, 2012. This sector is now overbought on the daily charts, however, that does not mean that they will not trade higher from here.
Some other leading stocks that will also report earning tomorrow after the closing bell include Intel Corp (NASDAQ:INTC), and American Express Co (NYSE:AXP). Traders and investors should always be aware of trading in stocks that are about to report earnings. Stocks will often behave rather erratic after an earnings report and very rarely can traders or investors predict the movement. Remember, trading is all about finding the money flow of a stock. Trading stocks into earnings is different, it is simply gambling.
Trading in an equity before its earnings report is often the same as gambling.