Thursday, July 21, 2016

Winning Streaks on Earnings

Yesterday we looked at stocks that have dropped after each of their recent earnings reports. Now let's look at the other side: stocks that have been batting 1.000 for the last couple of years. 

There’s one stock in the S&P 1500 that has traded higher in reaction to its quarterly earnings reports for the last three years.  Natus Medical, a California-based provider of medical devices for newborns, has gone up in share price following its last 12 quarterly earnings.

Other stocks with similar winning streaks: Perry Ellis and Crane have 11 straight up days on earnings.  Ebix has been up nine quarters in a row, while TJX, Tractor Supply, and Petterson-UTI Energy have been up eight quarters in a row.  Some bigger names - Southwest Air, Aetna, - have been up for seven quarters.

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