Coke is it … especially on January 14, 2020! That’s the day Wall Street Horizon notified institutional clients of a clear bullish indicator, a full month before Coke’s earnings announcement and 9.5% gain.
We’d like to say we’re all jacked up on Mountain Dew, but that’s a Pepsi product and, already, I digress.
On January 14, 2020, Wall Street Horizon notified clients via our lower latency feed of a “Datebreaks Change.” Coke confirmed their earnings date announcement was being brought forward to 1/30/2020. That’s important because Wall Street Horizon’s pattern recognition/high-confidence score had forecasted the date for 2/13/2020. In short, Coke expedited their earnings announcement by 14 days. It’s a classic bullish indicator in the world of “corporate event body language. Thank you, Classic Coke!
But don’t take our word for it. Check out the MIT Sloan School of Management and University of Texas “Time Will Tell” whitepaper.
This white paper details how when companies bring their earnings date forward, it tends to indicate good news. In the case of Coke, the 14 day “move-up” also differed substantially from its historical pattern (we have data back to 2005). We’re not just being soda jerks, this “data outlier” provides institutional traders and asset managers with the industry’s best ongoing and historical corporate event data.
We invite institutional traders, asset managers, and risk managers to speak with our Director of Quantitative Solutions. Learn more about how to customize Wall Street Horizon data to your specific needs. We can also set you up for a no-cost 90-day trial.