Earnings Breakout | stockbee

4/27/2007

Earnings Breakout

Here is a list from IBD of selected stocks with 100% plus earnings or 100% plus sales. Now those which had earnings yesterday morning have already reacted, as you can see in stocks like ALGN, VDSI, RKT, TMO on upside and CCBL and BW on downside.

ACTG,Acacia Research Acacia Tech (Google  Yahoo  Earnings  Chart
ALGN,Align Tech Inc (Google  Yahoo  Earnings  Chart
ALSK,Alaska Communctns Systms (Google  Yahoo  Earnings  Chart
BPL,Buckeye Partners (L.P.) (Google  Yahoo  Earnings  Chart
BW,Brush Engineered (Google  Yahoo  Earnings  Chart
CCBL,C-Cor Incorporated (Google  Yahoo  Earnings  Chart
CCO,Clear Channel Outdoor Holdings Inc (Google  Yahoo  Earnings  Chart
CTV,Commscope Inc (Google  Yahoo  Earnings  Chart
CY,Cypress Semiconductor Cp (Google  Yahoo  Earnings  Chart
EICU,Visicu Inc (Google  Yahoo  Earnings  Chart
EQIX,Equinix Inc (Google  Yahoo  Earnings  Chart
FSS,Federal Signal Corp (Google  Yahoo  Earnings  Chart
FSTR,L.B. Foster Co Cl A (Google  Yahoo  Earnings  Chart
IGTE,Igate Corporaion (Google  Yahoo  Earnings  Chart
MEE,Massey Energy Company (Google  Yahoo  Earnings  Chart
MEH,Midwest Express Holding (Google  Yahoo  Earnings  Chart
OPLK,Oplink Communications (Google  Yahoo  Earnings  Chart
OSIP,Osi Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart
RKT,Rock-Tenn Co Cl A (Google  Yahoo  Earnings  Chart
SPR,Spirit Aerosystems Holdings (Google  Yahoo  Earnings  Chart
SPWR,SunPower Corp (Google  Yahoo  Earnings  Chart
TMO,Thermo Fisher Scientific Inc (Google  Yahoo  Earnings  Chart
TNH,Terra Nitrogen Co L.P. (Google  Yahoo  Earnings  Chart
ULTI,Ultimate Software Gp Inc (Google  Yahoo  Earnings  Chart
VDSI,Vasco Data Security Intl (Google  Yahoo  Earnings  Chart
VSEA,Varian Semiconductor Equipment Associates Inc (Google  Yahoo  Earnings  Chart
WFR,Memc Electronic Material (Google  Yahoo  Earnings  Chart


Some are up 20% plus coming in to earnings and are overextended and likely to revert. But few out of these will probably rally.I have put some on watch list, also from after hours trading you know which one are likely to go up and which one down. So accordingly some trades will work out.
Some day you get absolute neglected stocks and those are ideal. Those tracking morning earnings can find moves like VDSI ALGN, RKT, TMO etc. But I now days only look at evening releases. I still find my 20-25 trades in an earning season in them. Rest anyway show up on Episodic Pivot.
If you see yesterday's 100% plus list CNS, DBTK, MLNX triggered on upside. While HLIT and TSCO on downside.
The first few weeks are dominated by large caps in earnings season, next week onwards the small caps and lesser known companies will start announcing earnings and that is when fun will start.
Also if you keep a database of 100% plus stocks , in few weeks you will notice some of those which had big moves on earnings forming cup with handle and some forming flat bases. Such stocks offer another entry point later.

You will also notice IBD will highlight either on its front page or in New America some of the stocks with triple digit plus earnings or those stocks which had high volume breakout on earnings day. The stocks highlighted in IBD opinion are the ones to focus on. Many of them make major move in a quarter or two. For example WFR, ROCM, TSL, BTJ, SPAR, were somee stock highlighted in IBD after last earnings and they went on to gain after that. If you keep a close watch you will find majority of New America candidates have triple digit plus earnings growth in recent quarters.

How are New America companies selected?
The editors of The New America screen for companies that show robust year-over-year increases in earnings and revenue. Their stocks must be outperforming the general market, and are usually priced above $10 a share. In some cases, the company has just recently turned profitable or is rebounding out of a business slump. New America story candidates usually have an innovative new product or service or are benefiting from a major new industry trend.

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