Q1 Earnings ‘Triple Plays’

July 9, 2008

Hickey and Walters (Bespoke) submit:

An earnings "triple play" occurs when a stock beats earnings and revenue estimates and guides future earnings higher. There were about 70 stocks that had "triple plays" during the first quarter earnings season. As we enter the second quarter earnings season, investors may want to look at these stocks to find momentum plays or ones that had strong reports but fell by the wayside as the overall market declined.

In the first table below, we highlight "triple play" stocks from the first quarter that are up the most since they opened for trading following their last earnings report. These stocks had a solid earnings report and haven’t looked back since, even in one of the worst markets in decades. For momentum traders out there, these names currently have great relative strength.

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