Stocks Blowing Up Still Single Stories

By | May 28, 2015

Over the past few weeks several stocks have blown up due to bad earnings or future projections. Examples from yesterday include Michael Kors (KORS), Shake Shack (SHAK), and Workday (WDAY). For the most part the market is treating the news as specific to each company so they aren’t having much impact on the major indexes. This type of action is a positive for the market. If market participants start selling an entire sector when one stock misses it will warn of a decline in the general market. You can track the daily, weekly, and monthly bearish lists here (use the time frame links to sort the list).




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