Potential Bounce Candidates: IAR, RHD, OESX, SCSS, EXBD
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Potential Bounce Candidates: Theses stocks were sold off aggressively yesterday and traders will look for possible bounces in the stocks in the days ahead. Of course, they can continue lower.
Idearc Inc. (NYSE: IAR): The publisher of yellow pages directories sold off 24% yesterday following disappointing Q4 results. Today, the stock is down another 14% following a downgrade from Deutsche Bank. DB cited a "massive deterioration" in year-over-year and quarter-over-quarter print and ad sales.
RH Donnelley Corp. (NYSE: RHD) fell nearly 20% yesterday following disappointing results from rival yellow pages directory publisher Idearc. Today, the stock is down another 17% today following a downgrade from Deutsche Bank.
Orion Energy Systems, Inc (Nasdaq: OESX) sold off 43% yesterday following Q3 results. Today, the stock is up 6%.
Select Comfort (Nasdaq: SCSS) sold off 31% yesterday after reporting Q4 results 8 cents below analysts' estimates and weaker revenues also. Today, the stock is down another 1%
Corporate Executive Board (Nasdaq: EXBD) sold off 22% yesterday after reporting so-so Q4 results, but providing disappointing guidance. Today, the stock is down another 1.6%
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