XOM - Top sticky stocks most immune to big earnings misses and beats
Stability can be a great attribute for stocks coming off a big selloff and facing an generational tightening cycle.
As earnings season shifts into high gear, AllianceBernstein looked at stocks that tend to underreact to better-than or worse-than consensus numbers.
"Stocks with the highest levels of 'sticky' ownership (including passive and non institutional ownership) have experienced more muted reactions to both beats and misses than other stocks based on data on average since 2014," Ann Larson, head of quant, wrote in a note. (See chart at bottom.)
"These types of investors are less likely (than active institutional investors) to pay close attention to quarterly earnings reports and either can't or generally don't trade based on the latest print," Larson said.
The screen "shows the S&P 500 ( SP500 ) ( NYSEARCA: SPY ) stocks to report over the next two weeks that are in the highest quintile ranked by share of sticky ownership."
The stocks in the screen that haven't yet reported are:
- Apple ( AAPL ), ownership passive 20%, ownership retail 41%
- Amazon ( AMZN ), 17%, 40%
- AT&T ( T ), 21%, 46%
- Pfizer ( PFE ), 23%, 31%
- Exxon Mobil ( XOM ), 24%, 43%
- Verizon ( VZ ), 21%, 36%
- Intel ( INTC ), 24%, 36%
- Ford ( F ), 22%, 47%
- Johnson & Johnson ( JNJ ), 24%, 30%
- P&G ( PG ), 23%, 34%
- Kinder Morgan ( KMI ), 23%, 39%
- Chevron ( CVX ), 25%, 29%
- Altria ( MO ), 22%, 40%
- AbbVie ( ABBV ), 22%, 31%
- Advanced Micro Devices ( AMD ), 22%, 32%
- T-Mobile ( TMUS ), 10%, 58%
- Southern Company ( SO ), 24%, 38%
- Tesla ( TSLA ), 16%, 57%
- Las Vegas Sands ( LVS ), 10%, 62%
- McDonald's ( MCD ), 23%, 31%
- Dow ( DOW ), 23%, 34%
- Boeing ( BA ), 19%, 45%
- 3M ( MMM ), 24%, 33%
- Caterpillar ( CAT ), 26%, 30%
- Franklin Resources ( BEN ), 21%, 55%
- Rollins ( ROL ), 13%, 58%
- Phillips 66 ( PSX ), 26%, 29%
- PACCAR ( PCAR ), 24%, 35%
- Eversource Energy ( ES ), 32%, 20%
- Goldman Sachs ( GS ), 24%, 29%
- LyondellBasell ( LYB ), 22%, 29%
- United Airlines ( UAL ), 22%, 38%
- Lockheed Martin ( LMT ), 32%, 24%
- W.R. Berkeley ( WRB ), 21%, 31%
- T. Rowe Price ( TROW ), 27%, 26%
- DTE Energy ( DTE ), 27%, 26%
- Garmin ( GRMN ), 22%, 46%
- Nasdaq ( NDAQ ), 18%, 35%
- Skyworks Solutions ( SWKS ), 29%, 24%
- Genuine Parts ( GPC ), 30%, 21%
- Enphase Energy ( ENPH ), 28%, 28%
- Cintas ( CTAS ), 23%, 35%
- W.W. Grainger ( GWW ), 26%, 28%
See Goldman Sachs' list of stocks least vulnerable to margin pressure .
For further details see:
Top sticky stocks most immune to big earnings misses and beats