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A “Picks and Shovels” Stock to Buy Ahead of Earnings

One of my favorite investing strategies is the “picks and shovels” approach. If you are a long-time reader of my work, I am sure you will have seen me talk about it before, but for those who don’t know, “picks and shovels” refers to the time of the various gold rushes in America, when thousands flocked to places where gold had been found.

Some of the prospectors did hit it big, but most didn’t. However, all of them, the winners and the losers, bought the equipment they needed to search for the yellow metal: picks,…

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