U.S. markets closed
  • S&P 500

    +11.90 (+0.34%)
  • Dow 30

    -28.13 (-0.10%)
  • Nasdaq

    +42.28 (+0.37%)
  • Russell 2000

    +10.25 (+0.63%)
  • Crude Oil

    -0.86 (-2.12%)
  • Gold

    -1.20 (-0.06%)
  • Silver

    -0.01 (-0.04%)

    +0.0042 (+0.36%)
  • 10-Yr Bond

    -0.0070 (-0.83%)

    -0.0042 (-0.32%)

    -0.1200 (-0.11%)

    -2.27 (-0.02%)
  • CMC Crypto 200

    -1.40 (-0.54%)
  • FTSE 100

    +74.63 (+1.29%)
  • Nikkei 225

    +42.32 (+0.18%)

5 Important Earnings Chart to Watch This Week

Tracey Ryniec
·3 mins read

Third quarter earnings season is upon us.

Buckle up. It could be a wild ride.

While it starts off quietly, with just about 80 companies expected to report this week, the opening week includes many of the large banks and companies in a host of important industries and sectors.

The other sectors will move into the spotlight as the week goes on, including energy, medical products, retail and the rails.

Some have excellent earnings surprise track records, with beats nearly every quarter for years.

That’s not easy to do, especially with a recession and pandemic thrown in.

Can they keep up their earnings surprise streak this quarter?

5 Important Earnings Charts to Watch This Week

1.    Walgreens Boots Alliance WBA has been going the wrong way all year. Shares are down 39% year-to-date and near 5-year lows. It’s only missed 3 times in the last 5 years but the last miss was last quarter. It’s dirt cheap, with a forward P/E of 7.2. Is it too cheap to pass up?

2.    Intuitive Surgical ISRG has a good earnings surprise track record with just 2 misses since 2017. It has beat 5 quarters in a row. Shares are up 27% year-to-date and are testing the 5-year highs again. It’s got a forward P/E of 86, so it’s not exactly cheap. How much more is there in the tank?

3.    Schlumberger SLB has a good track record of beating. It has only missed once in the last 5 years and it was back in 2016. That’s impressive given what has gone on over the last few years in the energy industry. Yet, shares are still near 5-year lows and are down 60% year-to-date. Is it a value trap?

4.    V.F. Corporation VFC has beat 3 out of the last 4 quarters. The owner of North Face, Timberland and Vans, will be the first major retailer to report since Nike. Shares are down 24% year-to-date, but have rallied 26% over the last 3 months. Are the apparel retailers a deal here?

5.    Kansas City Southern KSU has a good track record of beating. It has put together a 7-quarter winning streak. Shares are near 5-year highs, up 20% year-to-date. They trade with a forward P/E of 26. Are the railroads still hot going into the end of the year?

Have You Seen Zacks’ 2020 Election Stock Report?

The upcoming election could be a massive buying opportunity for savvy investors. Trillions of dollars will shift into new market sectors after the election. The question is, which sectors will soar for each candidate? Zacks has put together a new special report to help readers like you target big profits.
The 2020 Election Stock Report reveals specific stocks you’ll want to own immediately after the results are announced – 6 if Trump wins, 6 if Biden wins. Past election reports have led investors to gains of +71%, +83%, even +185% in the following months. This year’s picks could be even more lucrative.

Check out Zacks’ 2020 Election Stock Report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
V.F. Corporation (VFC) : Free Stock Analysis Report
Intuitive Surgical, Inc. (ISRG) : Free Stock Analysis Report
Kansas City Southern (KSU) : Free Stock Analysis Report
Schlumberger Limited (SLB) : Free Stock Analysis Report
Walgreens Boots Alliance, Inc. (WBA) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research