§ 01
AAPL — Today's Change, Trailing EPS, Revenue Growth. Open AAPL on the Ledge to see current values.
§ 02
| Driver | Effect on Price | Example |
|---|---|---|
| Earnings reports | Beat expectations = up, miss = down | Company reports $2 EPS vs $1.50 expected |
| Interest rates | Rates up = stocks down (usually) | Fed raises rates, borrowing costs increase |
| Industry news | Sector-wide moves | New regulation affects all banks |
| Investor sentiment | Fear sells, greed buys | Market panic during a crisis |
§ 03
In the short term, prices are driven by emotion and news. In the long term, prices follow earnings growth. That distinction separates investing from trading.
§ 04
Look up any ticker and check the **News** section. Can you see how recent headlines might have moved the price?
§ 05
A company beats earnings expectations by 20%. What is the most likely short-term reaction?
§ 06
Five questions · AI feedback
Sit with the ideas.
A company reports earnings of $2.00 per share when analysts expected $1.80. The stock drops 5% the next day. What is the most likely explanation?
Why: