I’m going to begin doing something a bit different for the earnings posts and instead of just highlighting the Self Investors Leading stocks that are moving with volume, I’m going to highlight companies that beat estimates and guided higher and companies that missed estimates and guided lower.  Companies that are Self Investors Leading Stocks (ie. great fundamentals and above 200 day moving average) will be marked with (SLS) and will include the Self Investors fundamental rank in brackets.  It’s a score out of 30 and includes earnings/sales growth, ROE, profit margins, management ownership and debt levels.

Beat Estimates and Guided Higher

• Axsys (AXYS) Scientific & Technical Instruments, fundamental rank [22/30],  up 11%, breaking out of well formed base to new all time highs (SLI)

• Transocean (RIG) Oil & Gas Drilling & Exploration, fundamental rank [28/30],  up 5%, carving out the right side of a base (SLI)

• Hewlett Packard (HPQ) Diversified Computer Systems, up 8%, carving out right side of suspect base

• iRobot (IRBT) Appliances, down 1%, carving out handle formation of a base within a larger downtrend, lots of overhead resistance

• Oil States (OIS) Oil & Gas Equip & Services, up 12%, carving out right side of new base

• TJX Companies (TJX) Department Stores, up 6%, carving out right side of suspect base

• Garmin (GRMN) Scientific & Technical Instruments, down 8%, still mired in a downtrend and remains quite bearish after today’s high volume reversal

Missed Estimates & Guided Lower

• Suntech Power (STP)  Diversified Electronics, down 17%, significant recovery off today’s lows but in danger of ultimately testing the next support around 30, quite a dramatic sell off since Jan 1st

• Euronet Worldwide (EEFT) Business & Management Services,  down 11%, not a bad short candidate