Every quarter, public companies drop their earnings reports—a financial report card that can make or break stock prices in an instant. But unless you speak fluent Wall Street, these reports can feel like they’re written in another language. Today, we’re translating.

Nicole breaks down what an earnings report actually is, why it matters, and how to read between the lines of those buttoned-up earnings calls. And to help make sense of what this earnings season is revealing about the economy at large, Nicole calls in Tim Seymour—investor, founder of Seymour Asset Management, and CNBC’s Fast Money regular.

They unpack the top takeaways from this quarter’s biggest earnings, what stories are flying under the radar, and where the smart money is moving right now. Plus, Tim shares which stocks he’s bullish and bearish on.

Follow Tim's work here. Find Tim's investing disclosures here.

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