Top Stock Picks for Week of May 6, 2019
Sunrun Inc. RUN, develops, owns, manages and sells residential solar energy systems. This is one Solar company that has defied the sideways trend of its industry. The company has created an innovative contract structure that increases their own profit margin while also providing customers with sustainable clean energy. Sunrun is scheduled to report Q1 results after the markets close on Wednesday, May 8, 2019. Estimates have been increasing lately, earning Sunrun a Zacks Rank #1 (Strong Buy). With its unique and innovative financial structure and the giant state of California committed to spending billions of dollars on the creation of new housing that includes solar power, Sunrun is in a position to ride the alternative energy wave to big profits.
JPMorgan Chase & Co. JPM, is a financial services firm, engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. JPMorgan's shares have outperformed the industry over the past six months. The bank has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Its first-quarter 2019 results were driven by higher rates, improved investment banking performance and decent loan growth. Expansion into new markets, focus on strengthening credit card business, higher rates and improving loan balance will continue supporting the company’s revenues.
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