Learn › Foundations

News, Earnings & the Fed

Why good news can sink a stock — and how the Fed moves everything.

Beginner · 5 video lessons · 8 minutes · 5-question video exercise · certificate

What you'll learn

• You'll learn why markets react to surprises, not headlines.
• You'll read an earnings report the way Wall Street does.
• You'll see how interest rates ripple through every stock you own.
• And you'll know which calendar days can move the whole market.

Lessons

1. Priced in: why good news can sink a stock (1 min) — Markets trade on expectations. Learn what 'priced in' means and why surprises — not headlines — move prices.
2. Reading an earnings report (1 min) — EPS, revenue, guidance and the conference call — what Wall Street looks at, in the order it matters.
3. The Fed & interest rates (2 min) — The Federal Reserve sets the price of money. Learn how one decision ripples through every stock, bond and mortgage.
4. CPI, jobs & the economic calendar (2 min) — A handful of reports can move the entire market in seconds. Learn which ones, when they land, and why.
5. Valuation: P/E in plain English (2 min) — Is a stock expensive? Learn the P/E ratio, forward P/E, and why a 'high' P/E isn't automatically a bad sign.

Exercise and certificate

The course ends with a 5-question video exercise. Submit your answers, see your score and the reasoning instantly, and pass with 80% to earn the News, Earnings & the Fed certificate.

Start this course free — sign up with Google or email.