Reported about 16 hours ago
Post-earnings announcement drift (PEAD) refers to the tendency of a stock's price to move in the direction of the earnings results for some time after they are announced. David Miller, a senior portfolio manager at Catalyst Funds, emphasizes the importance of PEAD in crafting investment strategies, noting that companies consistently beating earnings tend to continue doing well, while those regularly missing earnings tend to perform poorly. He cites examples from the healthcare sector, networking companies, and fintech as sectors where PEAD has been noticeable.
Source: YAHOO