Best and Worst Performing Stocks on Earnings

The average US stock went up 0.34% on the first trading day following their earnings reports during the second quarter reporting period.  That's a pretty good number considering the negative sentiment we saw leading up to earnings season.  Now that Wal-Mart (WMT) has reported, marking the unofficial end of the earnings season, it's time to highlight the big winners and losers. 

Below we highlight the stocks (currently trading above $10/share) that performed the best and worst on the first day in reaction to earnings.  As shown, UAUA reacted the most positively, rallying 68% following its 7/22 report.  UAUA was trailed by BBSI (39.7%), ATRO (38.8%), PDGI (33.7%) and WFC (32.7%).  Overstock.com (OSTK) leads the list of losers at -41%, followed by FCSX, CPHD and MFLX.  Other notables on the losers list include GRMN, SNDK, PACR and WFR.

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Comments

[dc1:]

Hey Frankfurt, add something constructive or shutup.

2008 Aug 19 11:44 AM

[guliamo:]

As a WFR shareholder i must say this is comforting news. These guys have been beaten up bad and my research has led me to the conclusion that there is no reason to sell. Investors soured on WFR because it wasn't able to handle the huge influx of business it's receiving.. get it? the stock is cut down because there is too much business!
Now if this were a high flying company with a high P/E, it would make sense to figure they won't be able to grow as fast as was expected, but WFR has a P/E of 16..
This is more proof that wall street institutions have simply lost touch with the street. I used to have respect for these guys but it's become so technical, you can't see the company from all the shenanigans they try to pull.
I for one am happy wall street bankers are loosing their jobs and going to jail.. they robbed us blind and left our tax dollars to clean up their mess - they need to do time.

2008 Aug 20 04:11 AM