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Beware these stocks that have poor track records during earnings season

Traders on floor of the New York Stock Exchange.

Source: New York Stock Exchange

Buying stocks right before earnings reports is a popular trading strategy, but several companies reporting next week usually burn traders who bet on them.

Nine major companies scheduled to report next week beat earnings expectations less than 70% of the time on average and see significant declines in their stock price in the following session, according to data from Bespoke Investment Group. One company on the list beats on earnings less than half the time.

Source: Cnbc

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