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In-line quarters are not good enough

  • For the stocks we monitor in gaming, lodging, and leisure, it’s been a rough and volatile earnings season where stocks were punished even though sentiment was low and stock prices down into the earnings releases
  • So far, the 8 companies that missed and/or lowered guidance were down an average of 6.4% more than the S&P on the first day of trading subsequent to the announcement
  • The five companies that beat were only up 3.7% more than the S&P and even the in-liners fell 3.4%

CHART DU JOUR: INVESTORS PUNISHING EARNINGS - GGA