No. of Recommendations: 5
A number of sites/services/papers say that stocks that have the strongest reaction to good earnings reports tend to have more momentum.
https://www.sciencedirect.com/science/article/pii/... examined weighting momentum by days where it was most significant, citing earnings announcement days
Bespoke reports
bespokepremium.com - Volatile stocks in reaction to earnings Stocks that move big on earnings announcement days (MUST have 2.5 years worth of announcements,>$5 price; typically move up or down 11.75%) move the most
Zacks uses a measure "EarningsEPS" that claims that stocks with a strong reaction to the difference between the consensu and the most sensitive, accurate estimates move the most.
