Factset data shows over the prior 8 quarters, that the typical post-earnings beat reaction is that the stock in question rises 1% on average that day. During this quarter, the average reaction has been a drop of 1.5%.
I think this presents some great opportunities.
Last week I discussed how GrubHub was good buy near $87 per share and is now some $8 higher at $95.
Here are 3 more names that could be scooped up cheap in the wake of unwarranted post earnings declines.
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Collars are a great solution to specific stock holdings in which you have specific price targets or just to place a position on hold during uncertain times.
Today there is a lot of fear about what a Warren presidency could mean for stocks, especially certain sectors like healthcare, financials, and energy.
Led by ticker BAS, "Energy - Drilling" was our best performing stock industry of the day, with a 5.35% gain.
CRC leads the way today as the best performing small cap stock, closing up 50.09%.
BGNE leads the way today as the best performing mid cap stock, closing up 37.02%.