Top Investment Manager’s Updated Quant Ratings: 143 Stocks

Earnings Season Update: 143 Big Blue Chip Stocks Reassessed

The third-quarter earnings season has begun, and it’s a thrilling time for investors as the market typically rewards strong fundamentals. With early results indicating a positive trend, let’s dive into the latest insights and predictions for this earnings season.

Earnings Season Outlook

• FactSet reports that 80% of S&P 500 companies have exceeded analysts’ earnings expectations, with an average surprise of 6.1%.
• Major banks like JPMorgan Chase, Wells Fargo, and Goldman Sachs have posted better-than-expected results, contributing to an average earnings surprise of 13.55% for six big-name banks.
• FactSet anticipates the S&P 500’s average earnings growth rate to reach nearly 10%, surpassing the current estimate of 4.1%.

  Historical Trends

• Over the past 40 quarters, the S&P 500 has exceeded earnings forecasts at the end of the season 37 times.
• In the last decade, the S&P 500 has posted an average earnings surprise of 6.8%, with 75% of companies beating analysts’ estimates.
• FactSet notes that the S&P 500’s earnings growth rate has increased by 5.5 percentage points on average over the past 10 years.

  Stock Ratings Update

• I have revised my Stock Grader recommendations for 143 big blue chip stocks, with upgrades and downgrades across the board.
• Seventeen stocks were upgraded to Strong Buy, while 29 stocks were downgraded to Sell.
• The first 10 stocks rated as Strong Buys include Ameren Corporation, Atmos Energy Corporation, and AptarGroup, Inc.

  Profiting from Earnings Season

  To maximize your gains this earnings season, focus on investing in fundamentally sound stocks. Fundamentally superior stocks tend to outperform during earnings seasons, and our Growth Investor stocks are poised for success with impressive earnings and sales growth.

  Conclusion

  As we navigate through another exciting earnings season, stay informed, stick to the fundamentals, and position your portfolio for success. With careful analysis and strategic investments, you can capitalize on the opportunities presented by the current market conditions.

  Louis Navellier
  Editor, Market 360

  In summary, the current earnings season shows promising signs of growth and profitability for investors. By staying informed, focusing on strong fundamentals, and making strategic investment decisions, you can navigate through the market fluctuations and maximize your returns. Keep an eye on the latest updates, adjust your portfolio accordingly, and position yourself for success in the dynamic world of finance.