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.
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