The recent market correction has left many investors shell-shocked and bottom picking value seekers in the red. From financials to tech to energy, the fate of stocks like Citi (C), Exxon (XOM), Apple (AAPL) and Google (GOOG) have left investors scratching their heads. How is it that the world's most powerful name in banking has fallen by 67% in a year for their mortgage exposure? How is Exxon at 52-week lows even as oil is still up 100% over the last year? Why are oil refiners like Valero (VLO) and Tesoro (TS) down over 50% each even as gas prices at the pump are up 30% over last year? Why is Apple down 15% this year despite selling a million 3G iPhones within 3 days of launch last month and gaining market share in PC sales? And Google, how does it drop 35% despite generating $1.25 billion in earnings at a 35% growth rate?
These are some of the questions many investors are asking, and while some can be answered with a little more certainty than others, it does not negate the fact, that markets are extremely finicky. Stocks go up and down, sometimes without any reason.
Consider two such stocks that are down after reporting top-notch earnings ...
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