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2 . Earnings surprise and price reaction a ) Find a stock that had a negative earnings surprise in June. Create a chart ( any

2. Earnings surprise and price reaction
a) Find a stock that had a negative earnings surprise in June. Create a chart (any way you want) that shows the stocks and S&P 500s price history on the same chart from one week prior to the negative announcement to one month after.
****Note: I do not want to restrict your creativity here. You can do this any way you want, but one way you can do this is to go to Yahoo Finance, choose markets, choose calendars, choose earnings. Set the date for June and find a company for which the true earnings result was below the street expectation. Then either download prices like you did in the Apple example above and create a figure in Excel; or just use Yahoos built in chart tool and take a screenshot.
b) How large was the negative earnings surprise?
c) Does your chart have similarities with the one on my slide deck (slide 17)?
d) Does your chart give support for market efficiency or market inefficiency? Why?

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