This week, earnings season in the U.S. unofficially began when Alcoa (AA) reported first quarter earnings. For traders and investors who take an active role in managing their portfolios, earnings season is usually what they look forward to. However, most expect the next few weeks to be a trying time for those with a focus on energy. There will certainly be some bad news as the full effects of the drop in oil prices are felt in that sector, but it may not be as bad as some fear. First and foremost, much of the bad news is already priced in. The…
SOURCE: Oilprice.com – Read entire story here.
