Six Flags (SIX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wall Street is eagerly awaiting the long-anticipated pivot from the Federal Reserve’s quantitative tightening cycle. While no one can pinpoint the exact timing of such a shift, the Fed has signaled three rate cuts this year. However, recent inflation data have cast doubt on whether we’ll see any easing at all in 2024. Personally, I believe at least one rate cut is likely, given the political pressures of an election year. Regardless, nearly everyone agrees that inflation will eventually subside.
If you believe in the random walk theory, then the idea of stocks to buy on the dip might not make much sense. That’s because this belief system states that the market prices in all publicly available information about a particular security. Still, a counterargument is that the modern market features thousands upon thousands of securities. It’s practically impossible for investors to adequately provide covering to each one. So, it may be inevitable that a few ideas simply fall by the wayside. In