Welcome to Reward the Risk!

This website features views and studies on the financial markets through the eyes of an independent trader. As a former fund manager specialized in emerging markets, I take a multi-angle look on what is driving the markets. Macro developments, market positioning and in particular chart studies and technical analysis form the basis of my trading and investment approach.

The content on this website is categorized into five labels (see top menu). Trading views offer perspectives on a wide range of topics related to trading and investing. The section Charting & Technical analysis takes a technical approach to the markets. The category Investment Research offers data and analysis that helps you building well-founded investment decisions.The section Publications is a door to deeper analysis on specific subjects or stocks, mostly published by the author on other platforms.

Enjoy the site and trade safe!

Q3 Earnings Watch: Who Beat, Who Missed?

Q3 Earnings Watch: Who Beat, Who Missed?

The third quarter i.e. Q3 earnings are well underway and investors are keen to find out who beats the estimates. The overview below shows all estimates and actual numbers for all 30 Dow Jones Industrial Average (symbol: DJIA) components. Figures are Read More...
Yandex: Proving Itself As Russia's Google And Uber And eBay

Yandex: Proving Itself As Russia's Google And Uber And eBay

It’s easy to get excited about Yandex (YNDX). It’s Google (GOOG), Uber and eBay (EBAY) (or maybe better: MercadoLibre (MELI)) combined, active in (potentially) emerging markets. The better-than-expected results helped shares of Yandex to recover someRead More...
Just A Little Bit More Patience With eBay

Just A Little Bit More Patience With eBay

A lot has been said about the recent earnings release and guidance by eBay Inc. (EBAY). In case you’ve missed it, here’s a short recap. Bottom-line is that investors’ hope for a swift progress in eBay’s transformation process was shot down. We all saRead More...
Microsoft Results: Walking on Cloud

Microsoft Results: Walking on Cloud

Another DOW30 component beat analyst estimates by a large margin. Microsoft surprised investors by reporting quarterly earnings-per-share of $0.76 (on an adjusted basis), well above the $0.6830 analyst consensus. The strong results were for a large pRead More...
eBay disappoints with uninspiring guidance

eBay disappoints with uninspiring guidance

Online retailer eBay Inc. reported in-line third quarter earnings that failed to impress the market. In addition, the online auction house disappointed investors on its quarterly outlook. As a result, shares dived 7% in afterhours trading. The companRead More...
Netflix after earnings: should investors get down with it?

Netflix after earnings: should investors get down with it?

Video streaming company Netflix (symbol: NFLX) proved most sceptics wrong beating most third quarter (Q3) earnings-per-share (EPS) estimates. Also, Netflix reported much better international streaming additions of 3.2 million (versus own forecast of Read More...
Q3 Earnings Calendar: What numbers can we expect and when?

Q3 Earnings Calendar: What numbers can we expect and when?

Earnings season has kicked off and JP Morgan Chase, the first DOW30 company to report, surprised us with decent beats on the top and bottom line. Things get really interesting in week 42 (Oct. 17-21) when 11 DOW30 companies report. Week 43 brings us Read More...
Earnings Season: Banks part II, JP Morgan beats, what to look for at BofA and Goldman?

Earnings Season: Banks part II, JP Morgan beats, what to look for at BofA and Goldman?

During this Friday, investors got a good taste of what earnings may bring during this earnings season. A nice surprise came from JP Morgan Chase (symbol: JPM) that beat even the most optimistic analyst expectation. Plus: what to look for when Bank ofRead More...
Earnings Watch: What to look for at the Banks?

Earnings Watch: What to look for at the Banks?

This Friday (Oct. 14), earnings season will really kick off when JP Morgan Chase & Co. (symbol: JPM) is the first of the DOW30 components that reports its third quarter (Q3) numbers. In addition, two other large banks will give us insight in theiRead More...
Yandex: Sum Of The Parts Reveals Upside

Yandex: Sum Of The Parts Reveals Upside

The solid earnings disclosed by Yandex give new confidence in the direction of the company. Yandex.Taxi continues to grow strongly. Other parts of the company show encouraging performance as well. This leads to an update on our 'sum-of-the-parts' valRead More...