Down the Most Since Strong Earnings

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 |  Includes: AXP, C, CAT, DIA, FSLR, FTI, HOT, INTC, IPG, JPM, MS, QQQ, SPY
by: Bespoke Investment Group

Earnings season ends with Wal-Mart's (NYSE:WMT) report next Tuesday, but it basically ended in mid-April when earnings news moved to the back page of the paper to make room for all kinds of external macro events. The same thing happened during the last earnings season when Greece concerns stopped the market dead in its tracks from late January to mid-February. It has been a positive earnings season, however, and at some point investors will re-focus on corporate profits.

We track all of the earnings releases throughout the reporting period along with how the stock does on its report day. From our database, we sought out to find the stocks that did well on their earnings report days but have declined significantly since then. Investors looking for stocks that might be getting "thrown out with the bathwater" may find this list useful.

Below are the S&P 500 stocks that are down the most since going up more than 1% on their last earnings report days. As shown First Solar (NASDAQ:FSLR) is down the most at 20.33% since going up 17.75% on its report day. Citigroup (NYSE:C) ranks second at -19.26% since going up 7.02% on 4/19. FMC Tech (NYSE:FTI), JP Morgan (NYSE:JPM), and Interpublic (NYSE:IPG) round out the top five. Other notables on the list of stocks that did well on earnings but have done poorly since include American Express (NYSE:AXP), Morgan Stanley (NYSE:MS), Starwood Hotels (NYSE:HOT), Caterpillar (NYSE:CAT), and Intel (NASDAQ:INTC). (Click to enlarge)

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