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Sector Performance Surrounding Earnings

Posted on July 22, 2008

Below we highlight the average performance of stocks in each sector on the first trading day following earnings reports this season. Since Alcoa (AA) reported on July 8th, Financial stocks that have reported earnings have averaged a gain of 5.48% on the day. This is by far the highest of any sector and highlights that investors most likely overdid things on the downside for many banks and brokers (at least in the short term). Industrials have been the second best performing stocks on earnings, averaging a gain of 4.51% on the day. Healthcare is the only other sector where stocks have av...

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earnings , short term , trading