So now that we’re at the second quarter of the year, it’s crunch-time for your stocks. While they may (or may not) be moving rapidly right now, their accountants sure are. Each company trading publicly is required to release an earning report for every quarter.

Most likely you already knew it, but these can be very helpful to you. The reports that are available to everyone (check out sec.gov to read up) and include all kinds of information.

You can see exactly where the company is spending their money, and where they are raking in the dough. The reports will show you everything on the balance sheets and help determine where the stock will be going for the next couple of days.

While this may not seem very exciting, as there is about a month from when the first wave of earnings reports comes out, and up to two and a half for some of the later ones, perhaps now is a good time to do your homework.

While there might not be as much recent news available on your company, it can be a real buying opportunity for you while everyone is watching something hot in the news.