5 Earnings Charts at 5-Year Highs

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n Get ready. Earnings season really picks up this week.n

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n Over 900 companies are expected to report earnings, including most of FANGMAN and the rest of FAANG.n

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n But there are dozens of other hot growth stocks that also will be reporting, many of which have great earnings surprise track records and hot charts.n

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n Despite a global pandemic, there are stocks busting out to new 5-year highs in 2020 including these 5 companies.n

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n Not only are these companies hot, but they have solid earnings surprise track records with most of them beating nearly every quarter for years.n

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n That’s not easy to do, especially during a pandemic.n

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n Will they keep up their incredible momentum this week?n

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n n 5 Earnings Charts at 5-Year Highsn n

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n 1.n n Stanley Black & Decker, Inc.n n SWKn n n hasn’t missed on earnings in 5 years. That’s an impressive track record. Shares are hitting new 5-year highs, up 4.1% year-to-date after rebounding off the March coronavirus sell-off. Does it have more gas left in the tank?n

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n 2.n n Crocs, Inc.n n CROXn n n has beat 3 out of the last 4 quarters. Their shoes are back on trend and the result has been the shares surging 23% year-to-date to new 5-year highs. Can it continue to break out?n

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n 3.n n Microsoftn n MSFTn n n has only missed one time in the last 5 years and it was all the way back in 2016. That’s a great earnings surprise streak. Shares are back to 5-year highs. It’s not cheap, with a forward P/E of 34. Will it beat again?n

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n 4.n n Advanced Micro Devices, Inc.n n AMDn n n has only missed once since 2017. Shares have soared 74% year-to-date and it is one of the most popular chip stocks in 2020. But with a forward P/E of 74, is it too hot to handle?n

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n 5.n n Enphase Energyn n ENPHn n n has beat 6 quarters in a row. This solar energy technology company is hitting 5-year highs as shares are up 290% year-to-date. It’s not cheap with a forward P/E of 88. Are the bulls too bullish about the solar story?n

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n n [In full disclosure, the author of this article owns shares of Microsoft in her personal portfolio.]n n

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