Login to your account

Lost your password?

Five stocks to buy after blowout earnings

The current earnings season is winding to a close, and as expected we have seen our fair share of both positive and negative earnings surprises.

For companies that have managed to report better than expected results, the timing could not be better considering the level of uncertainty in the market at this point in time.

Following the presidential election, traders drove the overall market to record highs, but the strong bull-run has cooled off in recent weeks, as uncertainty in Washington has brought caution back into the market.

The strength that occurred following the election resulted from expectations that President Trump’s economic agenda would result in stronger overall economic growth for the nation moving forward. Trump promised tax reform, and higher spending on both infrastructure and military projects, which many believed would lead to the job creation, and the economic growth he promised on the campaign trail.

However, Trump encountered problems with his immigration reform, repealing Obamacare, and is currently facing a special counsel investigation into Russia’s meddling with the election, and possible collusion between the Trump campaign team and Russia during the election.

The problems Trump has faced, and continues to face, as well as the manner in which he has dealt with these hurdles, has raised concerns over his ability to get Congress to pass some of his large ambitions, such as tax reform.

As uncertainty surrounding his presidency grows, the market has taken a pause, and will likely remain cautious while things work themselves out. As a result, it more important than ever to find stocks that the market believes in, and right now the best way to spot those stocks are to look at the big winners from the current earnings season.

Keeping that in mind, let’s take a look at five of the biggest winners from the current earnings season.

Symbols: , , , ,

Michael Fowlkes

Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va.