Fresh news creates fresh moves
Stocks release news post and pre market. Analyst upgrades tend to happen in the morning. In earnings season lot of news is released post and pre market.
Such news often leads to one day move on day of news. Sometime if the news is significant it can lead to multi week or multi month rally.
For day traders and short term swing traders news catalyst can offer a range of opportunities.
Such stocks with fresh news are called stocks in play or story stocks.
News that can affect price:
- govt policy change
- FDA decision
- Natural disaster
- Political instability
- Insider buys
- CEO/CFO change
- New product launch
- New order
There are many free sources of news. If you want to catch intraday moves you need to build process loop for tracking news ...
At first you will feel every news is important , but soon you will figure out what is consequential news and what should be ignored... This kind of skill building requires months of regular practice....
There are several sources of news. Some like briefings.com are paid and some are free. Some paid sources like Bloomberg are ultra fast.