EMC Favors Long Trade off Earnings-Driven Pre-Market Moves

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EMC Corp. ( EMC ) is a stock for longs to watch in the pre-market today. When the stock gains in the wake of quarterly earnings news, it tends to add to that upside move during regular trading nearly 60% of the time.

Post-earnings declines, on the other hand, tend to reverse direction during regular trading.

The stock has seen more robust follow-on action in 19 of its last 37quarterly reports.

Looking deeper into the data, EMC has followed earnings news with a gain 18 times, extending that move 10 times, or 56% of the time. The stock has followed earnings news with a decline 19 times, and added to that move eight times.

EMC Corp. ( EMC ) is due to report its Q2 results in the pre-market today, and analysts polled by Capital IQ expect the company to post a mean profit of $0.43 per share on revenue of $5.84 billion.

On April 23, 2014, EMC declined 2% in pre-bell trade after posting in-line to better-than-expected Q1 results and mixed FY 2014 guidance. The stock slipped lower in that day's regular session, ending down 3.1%.

On Jan. 29, 2014, EMC declined 1.1% in pre-bell trade after beating Q4 expectations but setting guidance below the Street view. The stock added to its downside in that day's regular session, ending off 2.8%.

On Oct. 22, 2013, EMC dropped 4.4% in pre-market action after issuing disappointing results and guidance. The stock moved lower in that day's regular session, ending down 4.7%.

On July 24, 2013, EMC gained 7.2% in pre-bell trade after posting in-line results and guidance. The stock pared its gains in that day's regular session, ending up 5.6%.

On April 24, 2013, EMC dipped 0.8% in pre-market trade after missing Q1 estimates and setting mixed FY guidance. The stock reversed direction in the regular session, ending up 0.7%.

On Jan. 29, 2013, EMC declined 6.2% in pre-market trade after topping Q4 estimates and setting mixed guidance. The declines narrowed in the regular session, with the stock ending down 4%.

On Oct. 24, 2012, EMC declined 2.5% in pre-market trade after posting results and guidance below expectations. The stock cut its downside in that day's bell-to-bell action, closing off 0.8%.

On July 24, 2012, EMC declined 1% after meeting Q2 expectations but issuing weaker guidance. The stock reversed direction in the regular session, ending up 2.1%.

On April 19, 2012, EMC slumped 3% in pre-market trade after beating on Q1 and setting mixed guidance. The stock added to its negative trade in that day's regular session, closing down 3.5%.

On Jan. 24, 2012, EMC advanced 3.9% in pre-bell action after beating on Q4 and setting mixed guidance for 2012. The stock jumped higher in that day's regular session, closing up 7.2%

On Oct. 18, 2011, EMC advanced 3.6% in pre-bell trade after beating Q3 earnings, meeting on revenue and setting guidance to exceed the full year view. The stock firmed higher in that day's regular session, ending up 5.7%.

On July 20, 2011, the stock rose 2.7% during pre-market trading after the company beat Q2 expectations. Shares ended regular trading down 0.04% later that day.

On April 19, 2011, the stock gained 1.4% after meeting with earnings, beating with revenue and offering mixed guidance. Shares rose a stronger 4.6% during regular trading later that day.

On Jan. 25, 2011, the stock fell 1.3% after an earnings and guidance beat. Shares rebounded to gain 2.3% the next day.

On Oct. 19, 2010, EMC declined 0.7% in pre-bell trade after beating Q3 revenue estimates, meeting on EPS, and setting its 2010 guidance above the Street view. The stock reversed direction in that day's regular session, ending up 0.1%.

On July 21, 2010, EMC shed 2.4% in pre-market action despite beating Q2 estimates and setting its outlook to exceed its prior guidance. The stock added modestly to its losses in that day's regular session, ending down 3.7%.

On April 21, 2010, the stock gained 2.3% after a Q1 beat and full-year guidance above the Street view. Shares rose a nearly comparable 2.2% the next day.

In the Jan. 26 pre-market, the stock gained 3.3% after a Q4 beat and guidance above the Street view. Shares were up 3.9% during regular trading.

On Oct. 22, 2009, EMC slipped 0.6% in pre-bell action despite reporting better-than-expected results and guidance. The stock added slightly to its downside in that day's regular session, ending down 1%.

On July 23, 2009, EMC gained 5.1% after a Q2 earnings and guidance beat. The gain was trimmed to 4% the next day.

On April 23, 2009, EMC declined 3.2% in pre-bell action after missing revenue expectations and meeting on earnings. The stock shed a fatter 4.1% in the follow-on regular session.

On Jan. 27, 2009, the stock fell 3.5% during pre-market trading despite a beat; company can't guide for Q1. The stock fell 2.5% in that day's regular session.

On Oct. 22, 2008 EMC gained 5.8% in pre-market trade after meeting on revenue and beating on earnings. It saw that gain narrow the following regular session, ending the day up 3%.

On July 23, 2008, EMC advancd 2.9% in pre-market trade after topping Q2 expectations. The stock soared higher in that day's regular session, advancing 13.7% by the closing bell.

On April 23, 2008, EMC gained 5.2% in pre-bell action after beating on revenue and posting earnings in line with expectations. It lost much of that gain in the following regular session, ending up a more modest 1.9%.

On Jan. 29, 2008, EMC declined 8.9% in pre-market trade after topping Q4 expectations and setting its full year earnings view above the Street consensus. The declined was cut back just a bit in the following regular session, ending Jan. 29 down 6%.

On Oct. 25, 2007, EMC advanced 6.4% in pre-market trade after posting results up over year ago levels. It added to its gains in the following regular session, closing the day up 8.5%.

On July 24, 2007, EMC declined 1.5% in pre-market trade after beating Q2 estimates and issuing mixed guidance. The stock added to its downside in the following regular session, losing 2.3% by the closing bell.

On April 17, 2007, EMC gained 4% in pre-market trade after beating Street estimates. It scaled back that morning upside in the regular session, gaining 3.1% by the closing bell.

On January 23, 2007, EMC edged up 1.8% in the pre-market session after beating Q4 and FY estimates and forecasting FY07 sales above Street views. However, shares could not hold all their gains and ended the day session only up 0.6%.

On Oct. 17, EMC shed 1.8% in pre-bell trade after the company beat Q3 estimates but also announced expectations of taking a Q4 charge. The downside narrowed slightly to a 1% decline in the regular session.

On July 14, 2006, EMC shares declined 2% in pre-market trade after the company's Q2 revenue miss, better-than-expected EPS, and guidance for Q3 and the full year that was mostly in line with expectations. It narrowed that downside slightly in the regular session, ending the day down 1.5%.

A brief look at the longer-term historical performance data follows:

4/20/06 Pre-Market: +3.1%; 4/20/06 Regular Session: +3.9%

1/24/06 Pre-Market: +2.1%; 1/20/06 Regular Session: +2.9%

10/19/05 Pre-Market: +1.8%; 10/19/05 Regular Session: +3.9%

7/21/05 Pre-Market: -3.6%; 7/21/05 Regular Session: -2.2%

4/19/05 Pre-Market: +6.3%; 4/20/05 Regular Session: +13.2%



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: EMC

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