Chattem (CHTT) Soars, VMWare (VMW) Goodbye
Today’s SelfInvestors Leading Stocks Moving on Earnings
Earnings season is now in full force, so I’ll be highlighting leading stocks moving on earnings again. This is a late one tonight but better late then never! I’ll start posting these during the trading day. With the market in bear mode, there won’t be as many leading stocks listed as in the past few years …
• Chattem (CHTT) Drug Manufacturerst, fundamental rank [28/30], up 12%, looking to hit new all time highs soon after a near base failure
• VMWare (VMW) Technical & System Software, fundamental rank [28/30], down 34%, closes at lows with very heavy volume today and most likely headed to test the IPO opening price of 48. Earnings were very good but expectations were way too high and already built into the stock. Just another example of why it’s almost always a bad idea to hold a stock through earnings.
• Optionsxpress (OXPS) Investment Brokerage, fundamental rank [27/30], down 6%, held up above 200 day moving average today and looks to be carving out the handle of a large base