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Dos Hombres: Forget JPMorgan — Watch These Stocks Instead

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After a week-long drubbing, investors looking for buy signs amid today's earnings and economic headlines will likely be left wanting.

But here at "Breakout," our modus operandi is to bring unique ideas and insights ... in short, to turn the stones that others aren't. And so it is a result of this mandate that we said no thanks to the earnings news from JPMorgan Chase (JPM) and chose to look elsewhere.

In Macke's case, he's far more interested in what one of the nation's biggest supermarket chains will have to say about consumer trends and pricing power than whether such and such blue chip can beat estimates by a penny. And that's why this native Minnesotan is going to be all over SuperValu (SVU) when the hometown heavyweight reports its latest results Thursday morning -- and then tells analysts what's really going on inside it's 2,500 stores.

The earnings and revenue figures for the latest quarter aren't what he's watching. "I'm listening to the call to see whether or not they have pricing power," Macke says. "Why does pricing power matter? Because 70% of the GDP comes from consumer expenditures, and if they're not willing to raise what they're going to pay in terms of the basket of food, consumers aren't going to buy anything else."

As for me, my ritual routine of sorting indexes led me to the short-term outperformance of the health care equipment industry and specifically Intuitive Surgical (ISRG). Upon closer scrutiny, I discovered that the maker of the da Vinci robotic surgery system, which is set to report earnings next Tuesday afternoon, has an impressive track record of delivering positive surprises for EPS and sales. Additionally, it has defied its skeptics by leaving their neutrality and price targets in the rear view mirror.

The $14 billion market cap company has advanced 31% in the past six months, and in the past month it has easily outpaced the S&P 500. Be sure to watch the accompanying video for more of my thoughts, and Macke's, on today's topics.

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