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Earnings focus drives violent stock swings, creating opportunities

Reuters  |  LONDON 

By Helen ReidLONDON (Reuters) - Shares reacted much more violently than usual to surprises in company results in the latest quarterly reporting season as investors put a laser-like focus on earnings, generously rewarding winners but mercilessly punishing laggards.It's a phenomenon that runs counter to the generally depressed levels of volatility at the stock index level, and presents opportunities for investors in derivatives trading as well as in traditional stock-picking.Stock markets around the world have surged to a succession of record highs this year, but, far from a rising tide lifting ...

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First Published: Tue, December 05 2017. 14:00 IST