Through last Friday, the average one-day change of the roughly 1,000 stocks that have reported earnings this season is -0.78%. This means investors are doing more selling than buying immediately following earnings reports this season. But of course…we’ve seen our fair share of winners this season. Below is a list of the stocks that have reported EPS that have gained more than 8% on their earnings reaction days.
As shown, Scientific Games (SGMS) ranks first with a one-day gain of 27.19% on July 24th. Arkansas Best (ARCB) ranks second with a gain of 25.35%, followed by iRobot (IRBT), Sarepta Therapeutics (SRPT), and Lemaitre Vascular (LMAT). Other notables on the list of big winners this season include Boston Beer (SAM), Netflix (NFLX), Align Tech (ALGN), Boeing (BA), Baidu (BIDU), First Solar (FSLR), and the New York Times (NYT).
On the downside, MicroStrategy (MSTR) has been the biggest loser with a one-day decline of 26% on 7/28 (it reported after the close on 7/27). Tile Shop (TTS) ranks 2nd at -25.93%, followed by MarineMax (HZO), PCM (PCMI), Echo Global (ECHO), and Triumph Group (TGI). Other notables on the list of losers that fell 10%+ on their earnings reaction days include Seagate (STX), Akamai (AKAM), Twitter (TWTR), and Buffalo Wild Wings (BWLD).
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