Three 'Other'-Tagged Surgers All Fell. What About Press-Only Picks?
Of the surging stocks we covered, 12 had a trading day afterward. The three tagged 'Other' all fell, while press-only picks barely moved.
Seoul — Of the surging stocks we covered this week, 12 had at least one trading day afterward. The three tagged 'Other' (earnings, rights offering and similar) all fell, averaging -12.3%. The seven that rested on press reports alone averaged +0.2%, roughly flat.
This week in markets
On Oct. 30, the KOSPI fell 3.48% to 5,730.74. The KOSDAQ lost 3.83% to 724.38. The S&P 500 fell 1.82% and the Nasdaq Composite fell 2.86% the same day.
Paper Trail's own market note, written Oct. 25, put the prior week at -2.08% for the KOSPI and -5.42% for the KOSDAQ. It said small-cap Russell 2000 rose 1.96% on its own and gold dropped 4.14%. The note labeled the causes as estimates, and it does not cover this week's moves.
The stocks we covered, and what came next
| Stock | Verdict then | Day's move | Since | Note |
|---|---|---|---|---|
| Seoul Semiconductor | Press | +29.93% | +2.1% | Rare-earth-free LED report; no filing |
| ADT | Press | +33.2% | -0.1% | Flat at $9.86 after buyout reports |
| Glaukos | Earnings (counted as Other) | +33.65% | -2.0% | Gave back a little after the earnings 8-K |
| Bausch Health | Earnings (counted as Other) | +28.76% | -8.0% | Gave back part of the jump |
| RaonSecure | Press | +16.94% | Excluded | No trading day since the article |
| Sangji Construction | Rights offering (counted as Other) | +8.97% | Excluded | No trading day since the article |
RaonSecure and Sangji Construction were covered on Oct. 30, so no trading day followed. The gap between the article-time price and the close is a same-day change, so we left both out. We also left out Intellivix, which rose 251.67% on its debut day.
Press. The seven press-only stocks averaged +0.2%, and three of them rose. Seoul Semiconductor added 2.1% after its limit-up day. Lunit gained 4.8% and Contec 7.8% from Oct. 26. Vuno fell 11.8% from the same day. Genmab (-0.4%) and ICON (-1.3%) barely moved.
Other. All three fell. TNE Korea rose 39.87% on its day and then dropped 26.9%. Glaukos fell 2.0% and Bausch Health 8.0%. Both had earnings filings behind the jump. Three stocks is a small sample.
Filing and no reason. Axogen was the only filing-backed case and rose 0.2%. CTR Mobility, with no reason found, fell 8.9%. Each is a sample of one, too small for a comparison.
Calendar for next week
The note lists these dates:
- Nov. 3: JOLTS job openings
- Nov. 6: nonfarm payrolls
- Nov. 10: CPI
- Nov. 13: PPI
This is not investment advice.