I’m going to try something new for this round of earnings. IN the past I’ve tried to highlight several earnings reports in the morning and the evening, but it just got to be too much. What I’m going to do is let the market sort out the good reports from the bad and will post those companies that are moving significantly up or down following earnings from the night before and premarket. I’ll still highlight a few companies in detail but it certainly won’t be every day.
Stocks highlighted are taken from the database of stocks that I cover (around 800 that meet my criteria for good fundamentals). I’ll include my fundamental rank for each stock (a score out of 30). The following are moving today on earnings reports:
* note: fundamental rank does not include the latest report
UP
- Citrix Systems (CTXS) [rank 25/30] up 14%
- Seagate (STX) [24/30] up 7%
- Ebay (EBAY) [27/30] up 5% and bouncing off support of 50DMA
DOWN
- United Healthcare (UNH) [rank 25/30] down 2.5% and continues to drop below support of 50DMA
- Knight Transportation (KNX) [27/30] down 2.5% and testing support of the 50DMA
- Apple (AAPL) [27/30] down 4.5%
- Logitech (LOGI) [26/30] down 14% and slice through support of 50DMA, down nearly 20% in 2 days