In today’s blog, we focus on some of the top gains driven by earnings reports released on 8/14.
Strong earnings reports continue to add momentum to a market facing geopolitical headwinds. Our analytics make it simple to sort out earnings reports likely to drive lasting price momentum.
This trend continued on Monday, with our top gainers led upward by excellent financials. Earnings reports make their biggest price impact when they seem to confirm changing narratives about a firm—as you’ll see in today’s top gains report.
Cumulus Media reported stable revenue growth, a welcome change of place resulting from current leadership’s turnaround plan for the recently troubled broadcasting company.
CMLS, the second largest owner of AM/FM radio stations in the United States, has faced immense market challenges in the rapidly evolving radio market. Today’s gains are evidence that investors believe CEO Mary Berner’s turnaround has reached solid footing.
FATE therapeutics was up over 14% at the time of this writing, driven higher on a strong Q2 earnings report. Broad based growth fed gains that are likely to persist above market averages for the next 90 days.
The clinical-stage biopharmaceutical company focuses on developing programmed cellular immunotherapies for cancer and immune disorders. With growth spread across different treatment lines and negotiations proceeding with the FDA for approval of new products, investors jumped on the financial news as indicative of continuing growth.
3. Forward Industries (FORD): 15%+ gains in under 24 hours.
Forward Industries represents today’s second “turnaround play,” experiencing excellent gains on financial news that seems to validate recent turnaround efforts.
FORD, which makes carrying cases for electronics and medical devices, announced solid revenue for the second consecutive Q2, up slightly. Their operations seem to have settled into a profitable operation, and investors are treating the stock like it was substantially undervalued before today’s news.
Three Industries, Big Gains, All at Your Fingertips
A powerful news analytics platform like NewsQuantified not only makes it easy to track the news, but to quickly compare news events with key financial information.
Today’s dramatic gains make the power of this news-based trading approach readily apparent. These earnings reports came from three different sectors, and relatively obscure stocks. No small investor could be expected to track all these companies
Yet they were all at the top of a single easy to use dashboard in the NewsQuantified platform.
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