Earnings Review: Starbucks, SOFI and PayPal

The message an intelligent investor should take from the earnings is simple: Occasional underperformance is natural, look at the trend and determine whether the investing thesis is intact.

Please look at the stock chart below:

If you are a reasonable person, you probably thought that the chart belongs to a company that missed earnings expectations on May 8.

Reality is the exact opposite. This is a chart of the company that delivered a strong double beat on May 8, and it’s not alone.

There is an emerging new trend in the market: Absurd sell o…