Independent research firm Bespoke Investment has uncovered an earnings trend that hasn’t happened since the bull market started.
According to its co-founder Paul Hickey, companies are seeing their strongest stock price performances on the days they’re reporting earnings in a decade.
“The average return of companies reporting earnings so far this earnings season has been a gain of 1.1 percent,” Hickey said Monday on CNBC’s “Trading Nation.” “We haven’t seen that strong of a pace of performance since the Q1 2009 and Q2 2009 reporting periods.”
