Unless you live under a rock or just simply missed the memo, then you already know we’re smack dab in the middle of earnings season.
When I sat down to film this video, around 200 S&P 500 companies had reported their third-quarter results.
Total earnings and revenue were up 37.6%, so the proportion of these index members beating both earnings-per-share and revenue estimates is 61.4%. But looking at the calendar year as a whole, earnings are projected to climb 44.4% on 11.6% higher revenue.
So I’ve been pleasantly surprised by this data. In fact, there are a few large-cap stocks standing out on their own this go-round…
I want to highlight both of them because there’s a solid chance we’ll see substantial upside over the next few weeks as a result of the figures I mentioned above.
And keep in mind, the biggest catalyst for stocks is earnings… earnings… and more earnings. Stocks typically move four times a year, and that’s during each earnings season!
2 Large-Cap Stocks Standing out This Earnings Season
The first large-cap stock standing out this earnings season is Microsoft Corp. (Nasdaq: MSFT).
Now, I shouldn’t have to explain what this company does. It’s MSFT, so you should y already have an idea — it’s now the most valuable company in the world, after all!
This tech giant’s revenue climbed about $45 billion — just exceeding analyst expectations of $43 billion.
MSFT’s strong top-line numbers translate to nearly 22% in year-over-year growth.
When we’re talking about small companies and we see a 22% year-over-year growth, that’s impressive. But we’re talking about MSFT!
This is a HUGE company, so to see such a big number could potentially mean even bigger upside for the stock.
So check out my short video below to learn more about MSFT’s Q3 report and get the other large-cap stock standing out this earnings season.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
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