From our Interactive Earnings Report Database, below we have filtered out the US stocks that have historically been the most volatile on their earnings report days. To calculate this, we use the average absolute percentage change on all earnings report days for each stock that has reported earnings going back to 2001. (If a stock is up 10% on one day and down 20% on the next day, the average absolute 1-day change is 15%.)

The stocks below all have at least 10 quarterly earnings reports in our database and are trading higher than $5/share. As shown, FSLR has historically been the most volatile stock on earnings with an average daily change of +/-17.71%! in our database. MFLX isn't far behind at +/-17.03%. A stock that gains or loses nearly 20% of its value on every quarterly report is a day trader's dream. Other notables on the list of the most volatile stocks on earnings include ISRG, PCLN, UAUA, NFLX, and SNDK. For those interested, we also provide each stock's expected upcoming earnings report date.

At the end of each trading week, Hillbent scans for the equity market for potential anomalies which exhibit extremely oversold and overbought conditions. Past observations have revealed that such candidates may experience reversal corrections to the upside or downside once the market reconfirms that their fundamentals remain solidly intact or relatively poor. From a contrarian perspective, these lists may also serve as a precursor to changes in institutional sentiment and underlying fundamentals.

(The purpose of this report is not to provide specific recommendations, but instead serve as a time-saving reference tool and starting point for investment ideas as the upcoming trading week unfolds. Of course, the results generated are not always perfect and users are strongly encouraged to perform their own due diligence on these names. Note that overbought and oversold conditions are based upon proprietary algorithms and quantitative models instead of conventional technical analysis indicators. As a supplement to this report, please refer to our ETF Trends Report to determine if market direction trends support a bullish or bearish investment bias over short-term, intermediate, and long-term timeframes.)

You Win Some You Lose Some

Additional ruling
3 good transcripts with background on case to date (1 , 2 , 3 )

It’s been nearly two years since DivX (DIVX) filed their “pre-emptive” lawsuit against Vivendi (VIVEF.PK) subsidiary Universal Music Group and so far, there really hasn’t been much to talk about. DivX’s original lawsuit was thrown out after UMG removed the overhanging legal threat against Stage6 by actually filing a suit alleging copyright infringement.

Q2 2009 Earnings Call

August 4, 2009 4:30 pm ET

Top activist investors typically look for companies that can unlock significant shareholder value through a specific corporate event, such as a sale, liquidation or recapitalization.

Activists scour the investment landscape for companies that are not controlled, i.e., firms in which senior executives and directors have a relatively small percentage of the overall shareholder vote. This allows aggressive outside investors to pressure corporate incumbents to take the actions required to bring about positive change. If insiders refuse to maximize shareholder value, skilled activists may be able to remove them through a proxy contest or an outright acquisition of the company via an unsolicited tender offer.

Every so often, MagicDiligence compiles a list of Magic Formula stocks sorted by their dividend yield, price-to-sales ratio, and price-to-book ratio for investors that like to use those metrics. The result is a list of attractive value stocks for additional research. Here are the top 10 in each of the three metrics listed above:

Dividend Yield

Two months ago, I put up a list of negative enterprise value stocks that I ran from the Yahoo screen in order to test how the strategy would perform when net nets disappear.

No, I didn’t make over 100% over a short period of time, but I hope I did grab your attention.

Magic Formula Investing, invented by Joel Greenblatt in The Little Book that Beats the Market, is designed to find stocks with two attributes: A high earnings yield (indicating a cheap price), and high returns on capital (indicating a good business). However, if you look at the official screens regularly, it becomes apparent that often several stocks within an individual industry sector will all appear around the same time. This indicates that the sector, not necessarily the individual stocks, is out of favor with investors.

This is important for two reasons. First, buying into sectors out-of-favor is a good contrarian strategy for value investors. The market is one of cycles, and when one industry sector is up, others are down... but you can be sure they will reverse places in time. For example, oil and gas stocks were all the rage just a year ago as crude prices soared, but today sell for 40% or more less than they did at this point in 2008.

Every so often, MagicDiligence compiles a list of Magic Formula stocks sorted by their dividend yield, price-to-sales ratio, and price-to-book ratio for investors that like to use those metrics. The result is a list of attractive value stocks for additional research. Here are the top 10 in each of the three metrics listed above:

Dividend Yield

I was reading a post by Magic Diligence on Why and How to Use Enterprise Value in Evaluating Stocks and realized I could find companies trading at less than cash per share quite quickly. By searching for companies with negative enterprise values, the screen would also ensure that the companies have manageable debt as well as be a business that is non-capital intensive e.g. airlines and oil industry. Add in a couple of extra criteria such as an enterprise value/revenue < than 1 and a ROE of > 0 to try and filter out unduly cheap companies.

You can run the screen yourself at Yahoo.

Q4 2008 Earnings Call

March 9, 2009 4:30 pm ET

The last couple of years may have felt like a bad dream to most investors, but for DivX (DIVX) shareholders it’s been nothing short of a nightmare. They don’t hand out Oscars for businesses, but if they did, DivX would have won, hands-down, for best horror flick.

The next value metric we will add to the current Magic Formula list is the price-to-book ratio. Previously, we've covered Magic Formula stocks with the:

• Highest Dividend Yields
• Strongest Relative Strength
• Lowest Price-to-Sales Ratio

Price-to-book is one of the oldest and most intuitive value investing statistics. The "bible" of value investing, Benjamin Graham's The Intelligent Investor, uses the price-to-book ratio as the main criteria for finding undervalued stocks. Book value is the same thing as net worth: all of a company's assets, minus its liabilities. The net worth is (ideally) what the company's value is when not adding a premium for things like future earnings power. Therefore, a company whose market value is below book value would seem to be an obvious bargain.

Q3 2008 Earnings Call Transcript

October 30, 2008 4:30 pm ET

Market Analysis Commentary:  Relative Price Volume Momentum Tracks scans the Russell 3000 components for stocks that are moving up or down on relatively strong surging volume. Such stocks may signal institutional buying or selling and have a tendency to continue further in their current market direction. From a contrarian perspective, buying and selling on extreme volume also has a tendency to produce short term reversals of a stock’s market direction on the following day of trading.

Moving Up on Surging Volume

Q2 2008 Earnings Call

August 7, 2008 4:30 pm ET

Earlier this week, Ubergizmo broke the news that DivX (DIVX) has officially updated their Connected software to include support for flash video. With 98% of the world’s computers already using flash, this may not seem like a big deal, but when you consider that 0% of the world’s televisions supports flash, this really is groundbreaking.

Along with the update, DivX also released several plugins for their Connected device. These plugins add support for Vimeo, Daily Motion, YouTube and for the first time ever, Hulu all on your TV set. After playing around with the update, I created a video of the software in action. In the clip, I detail the basic features of DivX Connected and give you the very first look at Hulu Connected in action.

Good news web video fans. Hot off the presses Doom9’s forums, we learn that the upcoming release of DivX (DIVX) 7 is going to support the Matroska video format! Now I know that many of you are probably asking yourself Matroskwho?, but believe me when I tell you that this is a big deal for both DivX and Matroska fans.

A DivX/Matroska hook up will not only give web video creators even more options over how they want to present their content, but it will also ensure that consumers are able to take advantage of these advanced features with their favorite consumer electronic products. In the past, Matroska fans have had to go through a painful and complicated process in order to get their MKV files to play nice with their DivX hardware devices, but with the 7.0 release, it should be as easy as hitting play on DivX 7.0 gadgets.

DivX (DIVX) reported their 1st quarter earnings on Monday and while I’m still waiting to read the actual 10k before digging too far into the numbers, I did want to comment on what I see as a significant shift in strategy. Over the last 7 years, DivX has done an impressive job of building an eco-system around a single file format.

The first time that I came across a DivX file, I actually thought that it was some kind of a virus. It took me two weeks before I worked up the courage to download the DivX media player so that I could play the movie, but once I did, I realized that my fears were unfounded. The file not only offered a superior video experience, but it was a lot smaller than the MPEG files that I was used to downloading. Since I was on a dial-up connection at the time, every little byte made a big difference.