The last time PCAR went down in October was 2018, which also happens to be when the Fed raised rates pre-COVID. It gapped down on earnings, despite good numbers.
Earnings transcript:
www.fool.com/earning...nference-call-t.aspx
So maybe PCAR isn't a good earnings play. I'm still gonna go with it but not add any more Monday.
One thing to note is that the market gapped down that day and candlesticks looks the same for
SPX
and PCAR, so it could be that the market ignored earnings and just traded the stock like normal.
Good luck
Earnings transcript:
www.fool.com/earning...nference-call-t.aspx
So maybe PCAR isn't a good earnings play. I'm still gonna go with it but not add any more Monday.
One thing to note is that the market gapped down that day and candlesticks looks the same for
SPX
and PCAR, so it could be that the market ignored earnings and just traded the stock like normal. Good luck
Trade closed manually:
I decided to bail for even money, not gonna mess with earnings with the market so weak