Stocks reporting earnings are often big movers: http://www.briefing.com/GeneralContent/Investor/Active/ArticlePopup/PagePopup.aspx?PageId=3270
I found stocks reporting earnings to be too volatile for me ... I just ended up sticking with a basket of heavily traded stocks and ETFs ... mainly just the big names
Volatility can be played to your advantage. You can use option straddles to capture the volatile moves either up or down.