MARKETS SPECTATOR: Caught short

Looking at the best performing stocks post earnings season, it seems their rallies have been underpinned by shorters betting stocks would fall and driving prices even higher as they exit.

In looking back at the earnings season that has just finished, I thought it was topical to have a look at some of the best performers as measured by the announcement effect. The ‘announcement effect’ looks at the stock performance three days after its earnings were released.

Below is a list of some of the better known top performers.

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