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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