All eyes are on corporate earnings this week as 20 percent of all U.S. publicly traded companies report quarterly results. How do know which stocks will give you a nice return on reporting day?
It's like finding a needle in a haystack — and that's the idea of what Bespoke Investment Groupco-founder Paul Hickey did.
He looked at 2,240 stocks and found just nine stocks that have gone up every time earnings day has rolled around, since the March 2009 market bottom.
Below are the nine earnings-day winners. Next to each company's name find the earnings-report date and average single-day percentage gain.
1. Verifone Systems — 5/26/2011 — 9.20%
2. Dice Holdings — 4/28/2011 — 8.69%
3. MWI Veterinary Supply — 5/6/2011 — 6.27%
4. Opnet Technologies — 5/9/2011 — 5.80%
5. First Cash Financial — 4/20/2011 — 4.24%
6. Raymond James — 4/21/2011 — 4.12%
7. Barrick Gold — 4/27/2011 — 3.24%
8. Horace Mann Educators — 4/28/2011 — 2.61%
9. Anadarko Petroleum — 5/3/2011 — 1.82%
Here are the nine earnings-day losers.
1. Alvarion Ltd — 5/3/2011 — -11.5%
2. Gigamedia Ltd — 4/15/2011 — -10.56%
3. A123 Systems, Inc. — 5/11/2011 — -8.75%
4. Cryptologic Ltd — 5/6/2011 — -8.45%
5. Bluephoenix Solutions — 5/26/2011 — -8.43%
6. RTI International Metals — 5/4/2011 — -8.20%
7. Energy Recovery, Inc. — 5/5/2011 — -7.95%
8. Amer. Oriental Bioeng. — 5/10/2011 — -6.90%
9. BPZ Resources, Inc. — 5/10/2011 — -6.66%
Source: Bespoke Investment Group.
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Disclosures:
Disclosure information was not available for Paul Hickey or his company.