Wednesday afternoon is separating the compounders from the dumpster fires.
Shopify ($SHOP) jumps 19.82% by posting actual 30% growth across every major metric. Across the ticker, SolarEdge ($SEDG) drops 28.04% on its Q2 results, proving that macro headwinds don't care about your "buy the dip" conviction.
Then there is Insulet ($PODD), sliding 20.30% as law firms flood the tape with class-action fraud alerts over defective manufacturing controls.
Out of 178 historical earnings drops of 20% or more, 54% closed the day even lower. Chasing the knife is just paying someone else's tuition.