True Measure of Earnings Success: Top Gainers, Losers So Far
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Hickey and Walters (Bespoke) submit: The old mantra on Wall Street that the only true measure of a company's earnings is how the stock price reacted couldn't be more true. Below we highlight the companies in the S&P 500 that have been up or down the most on the day of their earnings report this quarter.
Key stocks that made the list on the upside are IBM (IBM), Nike (NKE) and Schlumberger (SLB). There are more key names that show up on the downside however. Caterpillar (CAT), Best Buy (BBY), Google (GOOG), Intel (INTC) and Yahoo! (YHOO) all make the losers list, and unfortunately, most of them have continued lower.
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