Start a 14-day no obligation free trial to sample Bespoke’s premium research. Our Bespoke Report newsletter sent to paid members every Friday is a great read if you’re looking for weekend reading.
Just over 300 companies have reported first-quarter numbers so far this earnings season. The average stock that has reported this season has gained 0.10% on its earnings reaction day (first trading day following earnings), but 45 stocks have gained more than 5%. Below is a list of this season’s biggest winners. Advanced Micro (AMD) ranks first with a one-day gain of nearly 38% in response to earnings. That’s nearly double the 17.35% that Pacific Biosciences (PACB) — the second biggest winner — gained. Other notables on the list of winners include Southwestern Energy (SWN), Norfolk Southern (NSC), United Rentals (URI) and Under Armour (UA).
While 45 stocks have gained more than 5% on earnings, 48 have fallen more than 5%. Below is a list of the stocks that have fallen the most (more than 7%). As shown, TrueBlue (TBI) has been the biggest loser with a one-day drop of 22.8%. Netflix (NFLX) has been the biggest loser in the S&P 500 with a drop of 12.97%. Other notables on the list of losers include United Continental (UAL), Las Vegas Sands (LVS), Manpower (MAN), and Microsoft (MSFT).
Start a 14-day no obligation free trial to sample Bespoke’s premium research.