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Earnings season picks up this week as dozens of big cap companies are expected to report earnings, including the first Magnificent 7 stock, Tesla, and one of the former FANGMAN stocks, Netflix.
With the S&P 500 breaking out to new highs, it’s not surprising to find many big cap stocks also doing the same. 4 out of 5 of these featured stocks have also broken out to new all-time highs. Additionally, they each have excellent earnings surprise track records, with 2 of them having perfect 5-year beat streaks.
It’s not easy to beat every quarter, or nearly every quarter, for 5 years. That time period includes the COVID pandemic, which tripped up many companies. That makes these earnings streaks even more impressive.
Can they beat again? And will it be a catalyst for these stocks to keep breaking out?
Intuitive Surgical has beat on earnings 3 quarters in a row. Shares of Intuitive Surgical have rallied to new highs again, gaining 44.9% over the last year. It has a 5-year return of 107.3%, which is beating the S&P 500’s of 79%.
Intuitive Surgical isn’t cheap though. It trades with a forward P/E of 59.
Will Intuitive Surgical make it 4 beats in a row this week?
ServiceNow is an earnings all-star. It hasn’t missed in 5 years. That’s impressive given the global economic conditions during the pandemic.
Shares of ServiceNow are at new all-time highs. It’s rallied 70% in the last year, easily outperforming the S&P 500 at 21.8%. You won’t get ServiceNow cheap, however. It trades with a forward P/E of 59.
United Rentals has only missed 4 times in the last 5 years but two of them were in the first half of 2023. It has resumed beating, however, and has now beat the last 2 quarters.
Shares of United Rentals have jumped 51% in the last year, which easily beat the S&P 500’s 21.8%. It’s near its all-time highs but United Rentals is still cheap. It has a forward P/E of 13.2.
Should value investors consider United Rentals even as it hits new highs?
Visa has the most incredible earnings surprise streak on the Street. It hasn’t missed since it went IPO in 2008. What a record.
Shares of Visa have finally busted out to new all-time highs again, after treading water for a few years. It has gained 21% over the last year, which is mostly in-line with the S&P 500.
Visa is cheaper than it was in 2021, when it last hit new highs. It is now trading with a forward P/E of just 27. It traded in the 40s in 2021.
Is Visa back?
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5 Red Hot Stocks with Fabulous Earnings Records
Earnings season picks up this week as dozens of big cap companies are expected to report earnings, including the first Magnificent 7 stock, Tesla, and one of the former FANGMAN stocks, Netflix.
With the S&P 500 breaking out to new highs, it’s not surprising to find many big cap stocks also doing the same. 4 out of 5 of these featured stocks have also broken out to new all-time highs. Additionally, they each have excellent earnings surprise track records, with 2 of them having perfect 5-year beat streaks.
It’s not easy to beat every quarter, or nearly every quarter, for 5 years. That time period includes the COVID pandemic, which tripped up many companies. That makes these earnings streaks even more impressive.
Can they beat again? And will it be a catalyst for these stocks to keep breaking out?
5 Red Hot Stocks with Fabulous Earnings Records
1. Intuitive Surgical, Inc. (ISRG - Free Report)
Intuitive Surgical has beat on earnings 3 quarters in a row. Shares of Intuitive Surgical have rallied to new highs again, gaining 44.9% over the last year. It has a 5-year return of 107.3%, which is beating the S&P 500’s of 79%.
Intuitive Surgical isn’t cheap though. It trades with a forward P/E of 59.
Will Intuitive Surgical make it 4 beats in a row this week?
2. Tesla, Inc. (TSLA - Free Report)
Tesla had a rare earnings miss last quarter. It was the first miss in 11 quarters.
Shares of Tesla have not re-taken the 2021 highs, but they’ve gained 59% over the last year which easily beat the S&P 500’s gain of 21.8%.
Tesla isn’t cheap. It trades with a forward P/E of 56. But investors have never cared about Tesla’s valuation.
Tesla shares are down 16% in the last month. Is this a buying opportunity?
3. ServiceNow, Inc. (NOW - Free Report)
ServiceNow is an earnings all-star. It hasn’t missed in 5 years. That’s impressive given the global economic conditions during the pandemic.
Shares of ServiceNow are at new all-time highs. It’s rallied 70% in the last year, easily outperforming the S&P 500 at 21.8%. You won’t get ServiceNow cheap, however. It trades with a forward P/E of 59.
Can the big rally in ServiceNow continue?
4. United Rentals, Inc. (URI - Free Report)
United Rentals has only missed 4 times in the last 5 years but two of them were in the first half of 2023. It has resumed beating, however, and has now beat the last 2 quarters.
Shares of United Rentals have jumped 51% in the last year, which easily beat the S&P 500’s 21.8%. It’s near its all-time highs but United Rentals is still cheap. It has a forward P/E of 13.2.
Should value investors consider United Rentals even as it hits new highs?
5. Visa Inc. (V - Free Report)
Visa has the most incredible earnings surprise streak on the Street. It hasn’t missed since it went IPO in 2008. What a record.
Shares of Visa have finally busted out to new all-time highs again, after treading water for a few years. It has gained 21% over the last year, which is mostly in-line with the S&P 500.
Visa is cheaper than it was in 2021, when it last hit new highs. It is now trading with a forward P/E of just 27. It traded in the 40s in 2021.
Is Visa back?