富途業績Sir

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Essential skills for earnings season! How to read financial reports and how to "bet" on them!

This article is very suitable for liking.& Bookmark& forward; Suitable audience: beginners without investment experience & investment veterans who want to improve their ability to read financial reports and "gamble" with financial reports; Main content: why to read financial reports, how to read financial reports & "gamble", and experience sharing from mooers.

Hello mooers, I am financial report sir

. The Q2 financial report season of 2023 is in full swing.The release of the new financial report not only allows investors to understand the company's latest financial and operational status and future growth prospects, but also brings many investment opportunities.

However, many Mooers were in a state of confusion due to the dense release of financial reports.

Sometimes it is difficult to determine which financial indicators are useful and important when trying to determine whether a certain stock's financial report for a reporting period is impressive.

Have you ever seen a company announcement of a huge increase in profits, but the stock price drops? Then you find out that the company's profits for the next year are negative, but the stock price remains strong.

For this,Sir Finances has compiled a basket of articles and courses related to financial reports, so let's practice our skills in analyzing and "gambling" on financial reports together.

1 | 什么是财报？为什么要看财报？

我们想一想，当我们面对一家新的公司，我们能通过什么如何能快速了解这家公司的业务结构、所处的市场、过往的财务表现、未来的发展动向呢？答案很明显，财报是公司官方总结整理了上述所有我们想要了解的东西，是投资者获取公司经营数据最直接的渠道，关系到大家钱袋子的走向

如果你是一个基本面的投资者，阅读公司财报是必不可少的一个工作，及时的阅读分析能够更好地评估该公司的投资风险和潜在回报。如果你是一个Short-term speculatorsWhether the listed company releases financial reports before or after the market, there is often only a very short time before the trading day opens. Timely analysis of financial reports can help you better formulate your trading plan for the day.

Buffett once said he likes to look at a company's financial statements for 5 years to fully understand the complete picture of a company.This is similar to when we were in school. Some students may suddenly get a high score on a test due to luck, but that does not mean they have outstanding performance. To determine whether a student's performance is excellent, we often need to observe their scores in the recent major exams.

2. How to read financial reports?

2.1. Which information is the most important?

When you suddenly face dozens or hundreds of pages of financial reports, it's inevitable to feel overwhelmed.

But after we break it down, we will find that it is not that difficult.

After tracking the financial reports of your favorite company several times this quarter, you will be able to figure out the routines and quickly locate the key information.

First, let's take a look at what the three main financial statements in the financial report talk about:

    ▪️ Balance Sheet: You can see the proportions of assets, liabilities, and shareholders' contributions when the company is doing business

    ▪️ Cash flow statement:We can see how well the company is able to convert profits into cash.

▪️ Income statement:We can see whether the company is currently making money or losing money.

Here, mooer,@平安喜樂888888888I have compiled a chart to help you quickly understand the meaning of key indicators in the three major financial statements, which is very suitable for beginners in investment.

▪️ I originally came to learn stock trading, but unexpectedly, I also reviewed accounting.

One mooer shared a financial management secret to make passive income greater than living expenses: collect rent or invest in high-dividend symbols.@GavinZengUsing lively and interesting graphics and text to explain how to read company details through financial reports, making the process of learning how to read financial reports less boring.

▪️ How to read financial reports simply and efficiently, I'll share with you the financial data that I pay attention to the most.

Sir also found an education class for interpreting financial reports and brought in some notes, using simple images to explain the meanings of different indicators in the three major financial statements.

• Look at these 8 images, easily understand financial reports.

Some mooer may have a preliminary understanding of the concept of the above financial reports and the implied indicators, but still don't know how to analyze actual financial reports.

Here, Sir recommends our treasure mooer to everyone.@Fisher的信徒Through combining practical cases, we have compiled a series of articles on financial statement analysis (how thoughtful it is, teaching step by step).

Mooers can refer to his logic and try to analyze it themselves. After analyzing several times, you can develop your own standard process of analyzing financial statements.

▪️ How to analyze the fundamentals of a company through financial statements (part one)

▪️ How to analyze the fundamentals of a company through financial reports (Part 2)

• How to analyze the fundamentals of a company through financial reports (Part 3)

• How to analyze the fundamentals of a company through financial reports (Part 4)

• How to analyze the fundamentals of a company through financial statements (part 5).

It is worth noting that each company will have some different key indicators to focus on, recently the financial statements of the Sir joint.@牛牛課堂Sorted out the key factors that Tesla and Microsoft, two popular stocks, should pay attention to in the Q2 financial statements of 2023. You can compare the differences in focus between the two companies and then see where the core indicators of your target company are.

▪️ Financial report season strategy for star companies | What are the key factors in Tesla's financial report?

▪️ Star company's financial report season strategy | What are the key factors in Microsoft's financial report?

If the above articles and courses are more suitable for fragmented learning, here the financial report sir also recommends several books on financial analysis for mooers, making it easier for them to systematically study how to read and analyze a financial report. If you have other book recommendations, feel free to share them with financial report sir in the comments section.

▪️ 《Financial reports are like a storybook》

• "Understanding Financial Reports"

• "The Power of Five Key Numbers - Easy Selection of Profitable and Excellent Stocks without Understanding Financial Reports"

• "A Book to Easily Understand Financial Report"

2.2 | What are some excellent practical articles on financial report analysis?

Q2 Financial Report Season in 23rd year is currently ongoing, and the financial report analysis experts in Futubull have contributed a lot of excellent interpretations of financial reports. Just like in the book "Deliberate Practice", imitation is an important method to improve abilities.

Excellent financial report analysis articles serve as our reference points for practice. Here, Financial Report Sir has compiled a series of outstanding interpretation articles. Mooers can choose the stock interpretation articles they are interested in and analyze them for imitation.

▪️ Tesla | Interpretation of Tesla's Q2 2023 financial report - leading overseas, huge pressure in the China region

▪️ Google | Google 2023 Q2: When you reach the end of the water, sit back and watch the clouds rise

▪️ Meta | After strengthening the generative AI, META has regained its rhythm by downplaying the metaverse label.

▪️ Bank of America | Bank of America's performance in the second quarter of this year has increased significantly, but it has been difficult due to internal and external pressures.

▪️ UnitedHealth | Revenue and profits both exceeded expectations, surpassing the ten-year ten-fold stock of Berkshire Hathaway!

Here, Sir also recommends the financial report to everyone.@富途研究The research teachers

From a professional perspective, they have compiled a preview of the individual performance of the shares and an analysis and comment after the performance (full of gold content. Please follow the account to ensure that you can get the latest analysis articles as soon as possible~

)

▪️ Microsoft (MSFT.O) quarterly report review: short-term AI has limited contribution to performance.

• Tesla (TSLA) second quarter report review: Profitability slightly below expectations, Q3 guidance is conservative.

• Netflix (NFLX.O) second quarter report review: Performance guidance falls short of expectations, company accelerates pricing adjustments for monetization.

Financial analysis experts are not developed overnight, but by following excellent individuals and engaging in deliberate practice, I believe your financial analysis skills will continue to improve.

How to 'bet' on financial reports?

What is betting on financial reports?

We talked about how to read before, now let's see how to 'bet' on financial reports.

Before the release of financial reports, we often see mooer discussing in the Futubull circle: Will there be mooer gambling on the financial report of XXX stock tonight; I was lucky this time, won the bet; I lost this time, I will never bet again. So what is 'betting' on financial reports?

In fact, betting on financial reports is similar to guessing big or small. Before the financial report is released, we do not know whether the company will rise or fall after the release of the report, so based on our estimated direction before the release, we take corresponding actions (common operations in betting on financial reports are buying and selling call and put options).In other words, betting on financial reports is to make reasonable use of the fluctuations before and after the release of financial reports, seeking some valuable opportunities in options (aka opportunities to switch from a bicycle to a motorcycle).

However,

However!

Betting on financial reports is a high-risk operation that typically requires a certain strategy and skill, mooer@我叫小野organizeIn the financial reporting season, there are three simple and commonly used options strategies.It is very suitable for mooer who do not bet on financial reports to learn and understand what to do at different stages of betting on financial reports. @From the perspective of the strategy of the Roaming Leek Field, I introduced how to use options to play the financial report.Tesla's financial report is coming soon, how to profit from the financial report using options? (A must-read for beginners）.

If you already have a basic understanding of what bet financial reports are and want to further study, please accept mooer.@泰酷辣Popularize the relevant knowledge of options trading to further improve your knowledge base of betting financial reports.

▪️ At the end of the options trading bet on financial reports, how to avoid long and short killing?

▪️ What secrets are hidden in the implied volatility during the new round of financial reporting season?

▪️ When investing in options, do you pay attention to time value decay?

Here, let me recommend another high-energy companion of Mr. Financial Statement for everyone.@富途期權Sir(Go and follow him

), Sir Options will share various selected options and trading techniques related to financial statements. (It seems that there is also an options combat learning group that you can join.

~）

• Want to make money and spend it with options trading during the financial reporting season? It doesn't matter if you don't understand the concept.

• Can you make money from both rising and falling stocks? How to use combination options to play with performance periods.

• [Options Interpretation in One Picture] Season for interpreting financial reports, three bullish strategies to guide you.

3.2 | Which mooers have shared their experiences of gambling on financial reports?

Many mooers in the moo pen have experienced gambling on financial reports. Here, the financial report sir has collected some mooers' reviews and reflections on gambling on financial reports, and has looked at the experiences and bitter history of gambling on financial reports.

▪️ Speculative Support Line: Review and analysis of gambling on Oracle and Adobe's financial reports.

▪️ Did you make money from this trend, FRC?

▪️ Performance of Q1 U.S. stock options trading strategies

▪️ Can the Tesla bigshot release the financial report and make a big enough fluctuation to earn a lot of money in options trading?

But sir in the financial report here still wants to remind everyone that using options to gamble on financial reports is very exciting. If there is a big fluctuation in the market, it's not surprising for a single options contract to increase in value by dozens of times. But everyone should not forget that returns and risks go hand in hand. Options trading is like a roller coaster and must be managed carefully. Don't get too excited and act as if money just falls into your lap.

Okay, that's all for today's share.

~ Are you also interested in reading financial reports and 'gambling' on them?Feel free to leave a message in the comment section for interaction.~

Risk Statement

This article is for reference and educational purposes only, and does not constitute any investment advice. The above content does not take into account the financial situation, investment objectives, investment time frame, or risk tolerance of individual investors. Before making any investment decisions, you should consider your personal situation and relevant risks.

Any examples provided in this article are for illustrative purposes only and are not intended to reflect the investment results that any investor can expect. Options trading involves significant risks and may not be suitable for all investors. Before participating in any options trading and implementing any options trading strategy, investors must consider the characteristics and risks of options trading and consult with a professional investment advisor when necessary.

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