Investing Guides
These guides explain, for first-time readers, the concepts that come up in our daily reports. They do not tell you to buy or sell any particular stock; they explain how to read the numbers.
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How to Read Earnings Reports — Why a Stock Can Fall on Good Numbers
What EPS, revenue, guidance and consensus mean, and why a stock can move differently than expected after earnings, explained with a real example.
4 min read
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The FOMC and Interest Rates — How U.S. Rate Decisions Move Stocks, Crypto and Currencies
What the FOMC is and when it meets, what to look for in the statement, the dot plot and the press conference, and the channels through which rates affect asset prices.
4 min read
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How to Read 13F Filings — The Limits to Know When Looking at What Buffett Bought
What the 13F reports that large U.S. investors file every quarter do and do not show, and how to read them.
3 min read
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The Dollar and Your Portfolio — What a Strong or Weak Dollar Means for U.S. Stocks
How moves in the U.S. dollar index (DXY) affect multinational earnings, commodities, emerging markets and international funds, with simple examples.
3 min read
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The Semiconductor Cycle — Why Memory Prices Move Micron, Samsung and SK hynix
The difference between memory and non-memory (foundry) chips, how the chip industry moves between boom and bust, what HBM and AI have changed, and the indicators investors watch.
4 min read
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How U.S. IPOs Work — From S-1 Filing to First Trade
The S-1 registration, roadshow and pricing, how shares are allocated, what happens on the first trading day, and lock-up expirations, explained for first-timers.
3 min read