The market has moved sideways since earnings season began on July 8th, but so far, the average stock that has reported earnings has fallen 0.43% on the first trading day following its report. (For companies that report before the open, we look at that day's change. For companies that report after the close, we use its next day's change.)
While the average stock that has reported earnings has fallen in reaction to its report, some companies have hit it out of the park with earnings, and others have struck out.
Below is a list of the 25 best performing stocks on earnings so far this season. As shown, NeoGenomics (NASDAQ:NEO) has had the best one-day response with a gain of 20.09% on its report day. Resources Connect (NASDAQ:RECN) has done the second best with a one-day gain of 15.31%, and then Skyworks (NASDAQ:SWKS), AeroVironment (NASDAQ:AVAV) and AAR Corp (NYSE:AIR) rank third through fifth with gains of 9% or more. A few blue-chips are on the list of earnings season winners as well. These include the likes of Intel (NASDAQ:INTC), Alcoa (NYSE:AA), Google (NASDAQ:GOOG) and JP Morgan (NYSE:JPM). Of the large cap stocks that have reported, Intel has been the big winner so far this season with a one-day gain of 9.27% on its report day.
Below is a list of the 25 worst performing stocks on their earnings report days so far this season. Advanced Micro (NASDAQ:AMD) has been the biggest loser with a 16.19% decline on its report day. First Republic (NYSE:FRC) ranks second with a decline of 15.09%, while SanDisk (NASDAQ:SNDK) ranks third with a drop of 13.56%. Other notables on the list of losers include YUM! Brands (NYSE:YUM) with a fall of 6.89%, Mattel (NASDAQ:MAT) with a fall of 6.58%, and Yahoo! (NASDAQ:YHOO) with a fall of 5.11%.
Earnings season really heats up this week with more than 500 reports.