Yesterday we highlighted the most volatile stocks on earnings, and below we highlight the ones that have averaged the biggest gains on their report days since the beginning of the bear market. These stocks are all in the S&P 500 and currently trade for more than $5/share. As shown, MasterCard (MA) has seen the biggest gains on the first trading day following earnings during the bear market, averaging a gain of 10.37%. DR Horton (DHI) ranks second with gains of 9.46%, followed by HBAN, MFE, and EL. Other notables on the list of earnings winners include Wells Fargo (WFC), Autozone (AZO), QUALCOMM (QCOM), Valero (VLO), Apollo (APOL), and Ralph Lauren (RL). We also include the percentage of the time the company has beaten earnings estimates over the same time period as well.
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This doesn't seem to tell us much. Are these companies' earnings even up since the beginning of the bear mkt? Or are they merely beating lowered estimates? Are the stock prices actually up? Or were they just up immediately after beating estimates?
Posted by: Steven | January 14, 2009 at 11:02 AM
Can we really rely on yhis information to give us accurate data on these stocks or are these stocks performing on the back of a weaker investment sector?
Posted by: Mandilakhe | July 31, 2009 at 02:25 AM