With earnings season fully upon us, a lot of investors are trying to figure out the best stocks to buy ahead of their earnings report. While it is true that a better-than-expected earnings report can send shares considerably higher following the report, the exact opposite can be said in the event that you pick a stock that reports weaker than expected numbers. A miss, or even in-line earnings, can lead to steep sell off in the stock. For investors trying to play the earnings season, we have five stocks that are probably best to avoid before they report their next quarterly numbers.
Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.