Daily Traders Edge

5 Big Stocks to Buy for Earnings Season Gains – The Street

April 25
14:20 2016

Earnings season is upon us. So far, 130 S&P 500 components have reported their numbers to Wall Street, and on average, they’re overwhelmingly beating expectations. As of this writing, 81% of reporting companies have posted profits that were better than expected for the quarter.

But things really start heating up this week.

Over these next five days, 186 more S&P stocks are scheduled to release their earnings numbers. That’s more than 35% of the entire index. If companies continue to beat expectations, it could help to launch the broad market higher this week. That’s important this April, as the S&P sits just 2% shy of hitting a new all-time high — it wouldn’t take much of a move for the big index to break through to record territory this week.

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