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5 Earnings Charts in the Spotlight

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Third quarter earnings season really picks up this week with about 200 companies reporting. Many of them will be large cap companies, with some being Dow Industrial components.

Many are large multinational companies who face exposure to trade disputes and tariffs. Additionally, some are feeling the pinch from the tight US labor market and rising commodity costs.

If you want to know what’s happening in the global economy right now, tune into the earnings reports of these 5 companies this week.

5 Stocks to Watch for Earnings This Week

1.    Abbott Labs (ABT - Free Report) hasn’t missed in 5 years. Shares had been trading in a narrow range for several years but they finally broke out in 2017 and have continued to soar. Shares are up 20% year-to-date. Are the drug stocks finally “back”?

2.    United Rentals (URI - Free Report) has missed just once in the last 5 years. The largest equipment rental company in North America is a good barometer of the economy. Shares have pulled back off 2018 highs on rate jitters. Will this earnings report turn it around?

3.    Winnebago (WGO - Free Report) has beat 3 out of the last 4 quarters but demand for RVs has been strong thanks to the Baby Boomers and Millennial interest in hitting the open road. Shares are trading at just 8x now, however, as investors are worried about rising commodity cost and the super tight Northern Indian labor market. Tune in if you want to know what is happening with labor costs.

4.    Pool Corporation (POOL - Free Report) missed last quarter but shares are still up 12.8% year-to-date. Pools and pool supplies are discretionary items. Business has been strong in this hot economy. But can the red-hot growth continue or is consumer spending slowing?

5.    Snap-On (SNA - Free Report) , the diagnostic repair tool maker for the auto industry,hasn’t missed in 5 years but shares are still stuck. They looked like they were finally breaking out, but the recent sell off has brought them back down to earth. Shares are now down 3.4% year-to-date. Will it see tariff or trade impacts?

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

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