January 18, 2013
Uncategorized
By Geoff Bysshe
There are a lot of banks on the list today...
The majors, BAC and C, gapped down and stayed down, but almost all of the regional banks FITB, HBAN, PNC, OZRK, opened higher and then moved higher. The exceptions were WABC and CVBF which traded down from a higher open.
Note the reaction in BAC is not unexpected given my comments in a post on this blog last week - Trade Setups Based on The January Effect
If you would like a detailed explanation of the data in this table see description and video below the table.
This screenshot above is taken from HotScans as of the close on 1/17. It displays the top 25 stocks that reported earnings from the close of the day prior to 1/17 through the close of 1/17 so you can see the stocks reaction to their earnings in the first trading session after they reported.