This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Names to Trade for Earnings Season

BALTIMORE ( Stockpickr) -- Earnings season is dragging on this week, as firms post an unsurprising level of earnings surprise to Wall Street. Try saying that five times fast.

As I write, just over 175 S&P 500 components have released their earnings for the quarter, and the numbers have been extremely consistent on average. Earnings are up around 3% on the quarter, and more importantly, 73% of those firms have beaten their consensus estimate so far. Translation: analysts are still too bearish on corporate fundamentals.

>>5 Hated Earnings Stocks That Deserve Your Love

But there's a more interesting story in the technicals right now.

In last week's column, as the S&P was dropping hard, I said that "until the technicals say otherwise, we're still in a market where it's paid off to buy the dips. And the technicals don't say otherwise until the S&P falls through its 50-day moving average." Sure enough, that bounce off of the 50-day proved to be a great buying opportunity.

>>5 Toxic Stocks You Need to Sell

Now, as long as that rally remains intact in the S&P, we're going to be in an attractive environment for trading. Today, we'll take a technical look at five big name stocks worth trading for earnings season.

If you're new to technical analysis, here's the executive summary.

Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.

Every week, I take an in-depth look at big names that are telling important technical stories. Here's this week's look at five high-volume stocks to trade for gains.

>>Fight Your Urge to Fight the Fed
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
DLTR $74.93 1.04%
LVS $44.82 -0.18%
PG $75.90 -0.72%
WPPGY $115.62 2.53%
ZMH $0.00 0.00%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs