During each earnings season, there are stocks that deliver abnormally high cumulative returns due to the post earnings announcement drift (PEAD) phenomenon. Let’s review the stocks that delivered strong quarterly results and continue moving higher.
One of the best swing strategies on Wall Street is to buy stocks that gap up on earnings announcements. Why? Because stocks that gap up on strong earning reports tend to produce unusual returns due to a phenomenon known as the Post Earnings Announcement Drift (PEAD). The following list of stocks gapped up on strong Q2 2020 earning reports and produced substantial post-earning announcement drifts.
One of the best swing strategies on Wall Street is to buy stocks that gap up on earnings announcements. Why? Because stocks that gap up on strong earning reports tend to produce unusual returns due to a phenomenon known as the Post Earnings Announcement Drift (PEAD). The following list of stocks gapped up on strong Q1 2020 earning reports and produced substantial post-earning announcement drifts.
Every quarter I track companies that report earning surprises. Why? Because some of those stocks can produce amazing returns due to a phenomenon known as the Post Earnings Announcement Drift (PEAD). The following list of stocks reported great Q3 2019 earnings which were followed by substantial positive returns for investors who bought those stocks.