One Trading Day, Three Strong Earnings Reports: NewsQuantified’s Top Gainers from 8/2

Our analytics identified the following three stocks as some of the top news-based gainers from Wednesday.

Our top plays today are all long trades. The market gained substantial ground on the trading day, but these stocks managed to outpace the red-hot market. Strong cash flows helped these companies stand out in a market environment where overvaluation may become an increasing concern.

As usual, profitable news events can be as mundane as a strong earnings report, or can represent more high profile news. Today’s trading proves that earnings reports alone can drive striking rallies.

1.Electro Scientific (ESIO): First quarter 2018 financials drive double-digit gains.
ESIO Gain Chart

Strong first quarter financials fueled strong upward momentum for Electro Scientific, a manufacturer and researcher of laser technologies for commercial applications.

Revenue was up sharply at $72.7 million, compared to $47.7 million in the first quarter of last fiscal year. The company also moved into a net operating profit; it was operating at a loss at the same time last year.

With sales up over 50% from last year, investors loved the strengthening financial situation at ESIO, buying to the tune of 20% gains in under 24 hours.


2.SolarEdge Technologies (SEDG): 17% gains on a strong earnings report.
SEDG Gains Chart

Another strong earnings report drove SEDG to a 17% gain in a single trading day.

SolarEdge provides various support service for solar power operators, with major revenues coming from PV inverters, power optimizers, and module-level monitoring services

These revenues looked especially strong upon Wednesday’s Q2 earnings report, leading investors to buy the stock and drive double digit gains.

Q2 2017 represented an all-time high for revenues and profits for SEDG.


3.Take Two Software (TTWO): Already up over 10% on great quarterly results.
TTWO Gain Chart

Video-game maker Take Two registered strong gains after reporting revenues up over 30% from last year. Flagship products like NBA2K17 and Grand Theft Auto V continue to drive excellent sales. TTWO looks to be successfully expanding their monetization models, with earnings from in-game purchases and other “post-purchase” revenue streams up over 70% from last year.

Investors took the evidence of revenue growth as proof of strength going forward, driving the stock up around 13% at the time of this writing.

Try A Free Training Today:

The World’s Best Analysts, At Your Fingertips

Our system makes it simple to track key earnings reports from diverse companies across all sectors.

You can not only track these reports, but compare them to vital analytics and other recent news events. NewsQuantifed offers a data rich platform that lets smaller investors pursue opportunities that would normally be reserved for the big hedge funds.

Click here to sign up for a free training today. You’ll see how easy to use our platform really is—and how many profitable trades it can unlock. We make the insights of the world’s best financial minds more accessible—and transparent—than ever before.

Subscribe to Email Updates