Expected, that corporations will maintain strong dynamics in their third quarter reports, and some stocks are ready to perform well, said in a study by Wolfe.
The best choice
Companies S&P 500 increased profits by 96,3% in the second quarter, which is the strongest growth since the fourth quarter 2009 of the year.
- “Companies S&P 500 exceeded profit expectations for the last five quarters ", – says Chris Seneca of Wolfe Research. “The streak of strong results should continue into the earnings season for 3 neighborhood 21 года". The Wall Street Firm Expects, that company s&P 500 exceed expectations for profit for profit.
Many stocks have significantly corrected in the last month Many stocks have significantly corrected in the last month
For investors, betting on continued profit growth, Wolfe has identified the shares with the highest dynamics of earnings in the new reporting season. The company checked S&P 500 for the presence of shares with the following criteria:
- Companies, which beat the consensus forecast for revenue and earnings per share in the first and second quarters of this year
- Stocks with positive price action relative to the market following these reports
- Companies, which have EPS forecast for the third quarter 2021 has been revised by more than 5% from mid-July
The list includes several energy companies, including Schlumberger, Hess Corpи Marathon Oil
The energy sector has become one of the biggest winners this year amid economic recovery.
Google can also show good results and eps growth, which will lead to a profit season in the third quarter. IN 2021 year, the company's shares will rise by more than 55%.
Dish Network, Ulta Beauty, Under Armor and Tyson Foods were also honored by the company.