Section
Companies, earnings and the stock market.
Is a stock cheap or expensive? Valuation ratios are the shorthand investors use to answer that, but each one measures something different and each one can mislead. Here is how P/E, forward P/E, PEG, price-to-sales, price-to-book, EV/EBITDA and free cash flow yield work, and when to use which.
Every quarter, US public companies publish results that can move their stock sharply in minutes. This guide walks through the press release, the income statement, cash flow, guidance and the earnings call, and explains why a stock can fall on a quarter that beat expectations.
When you tap buy in a brokerage app, your order passes through a chain of exchanges, market makers, clearinghouses and regulators before the shares are yours. This guide explains how the NYSE and Nasdaq work, who sets the rules, how an order is filled and settled, and what protects your account.
