Even though earnings season is mostly behind us — at least for the large caps — reports still look strong.
I mean, just look at the stats so far… The amount of companies beating both earnings-per-share and revenue estimates is 62.9%, which is better than what Wall Street first expected.
I’ve found a few trending large-cap stocks with exceptional numbers that will lead to even bigger catalysts for upside moves ahead.
But keep in mind that both of these trending large-cap stocks are mature companies that have gained a lot over time. However, sometimes an earnings report can clue us in on what’s about to happen.
I say we’re looking at more upside for some of Wall Street’s darlings…
2 Trending Large-Cap Stocks Gearing up for a Big Move
The first trending large-cap stock on my list is Thomson Reuters Corp. (NYSE: TRI).
It’s a leading provider of news and information for professional markets such as law, accounting, higher education, corporate training, scientific research and financial services.
In a nutshell, if you need data, go to Reuters.
It’s the perfect example of combining technology and finance.
Those who keep up with my analysis know how much I love companies that combine age-old data with technology. That combo seems to be doing well these days.
TRI’s one-year return is about 36%, which is good for a mature company.
I have a price target on the stock at $140 per share over the next quarter, which is possible in light of the fact that fundamentals and the economy is heating up. So there’s a great chance we’ll see more upside ahead from TRI.
But that’s just a little bit about this first name…
Check out my short video below to learn more about TRI and to get the next trending large-cap stock on my list.
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!
P.S. Joy of the Trade’s Jeff Zananiri is pulling back the curtain on a trading method that mainly pushes our attention to the stock market right before it closes.
That’s because from the time the market opens until about 3 p.m. EST, Wall Street has the upper hand. But once 3 o’clock rolls around, the big funds on Wall Street tend to bleed cash…
Which sends certain stocks crashing lower.
Ready to take advantage of Wall Street’s weakest hour and learn why these massive opportunities may exist?
