Start a 14-day no obligation free trial to receive Bespoke’s paid content for the next two weeks.
Yesterday we published our quarterly list of the most volatile stocks on earnings that trade on U.S. exchanges. Below we show just the most volatile stocks on earnings in the S&P 500. Using our Interactive Earnings Report Database (available to Bespoke Institutional members), we’re able to calculate the average change that each stock typically experiences on its earnings reaction day. (For stocks that report before the open, that trading day is its earnings reaction day. For stocks that report after the close, the next trading day is its earnings reaction day.)
Each stock listed below typically moves up or down at least 6.2% on its earnings reaction day. Netflix (NFLX) is the most volatile stock on earnings in the S&P 500 with an average change of +/-13.84%. First Solar (FSLR) ranks second at +/-12.33%, followed by Akamai Technologies (AKAM) at +/-11.65%. TripAdvisor (TRIP) and Michael Kors (KORS) are the only other stocks in the S&P 500 that have historically averaged a move of more than 10 percentage points on their earnings reaction days.
A few other notables on the list include names you would probably expect to see: Priceline (PCLN), Amazon.com (AMZN), Intuitive Surgical (ISRG), Chipotle (CMG), Facebook (FB), Under Armour (UA), and Salesforce (CRM). If you’re looking for action this earning season, keep this list handy!