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Based on the attached EA screen showing the recent quarterly aggregate surprise earnings of the 1 2 S&P 5 0 0 sectors and their following
Based on the attached EA screen showing the recent
quarterly aggregate surprise earnings of the S&P
sectors and their following day price reaction, what can
we infer about the predictability of earnings surprises on
price reactions?
Earnings surprises are not a good predictor of stock price reactions.
Earnings surprises are good predictor of stock price reactions when they are positive.
Earnings surprises are a strong predictor of stock price reactions.
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