Pretty much every stock is up since the post-Christmas bounce. However, some are looking more impressive than others. Not just because of their recently strong price action, but because they enjoyed strong earnings this past quarter. This serves as the key fundamental catalyst that should keep shares on the upswing going forward.

Below I share 5 stocks enjoying impressive technical and fundamental momentum.

Intuit (INTU) 

This is a timely stock to discuss as tax day approaches on 4/15. However, to just focus on their products like TurboTax would be to overlook the full line up of products they have created to help small businesses become more organized and productive. Shares are unlikely to fall to Q4 correction levels anytime soon given their string of earnings beats. Likely you can count on more growth on the way pushing shares to even greater heights.

Cisco (CSCO) 

Cisco doesn’t enjoy the same level of love investors pour into the FAANG stocks. However, they have gone 4 years without an earnings miss. And this past year the earnings growth trajectory has accelerated substantially leading shares to attain a new all time high. If this trend continues you can appreciate why CSCO will continue to stay on the upswing.

Automatic Data Processing (ADP) 

Only 1 earnings miss in the past 3 years tells you the roll ADP is on. And why shouldn’t they be? Unemployment is at a 50 year low and their payroll services is at peak health. This led to a 13% earnings beat this past quarter with more growth expected in the year ahead. The 2% dividend yield helps pad the already impressive annual return for these shares.

Costco (COST) 

This former retail growth darling went through a rough patch in 2016 and 2017 that had shares going sideways for a long time. Gladly management got growth back on track in 2018. That party continued with their recent 19% earnings beat that put everyone on notice that COST is still one of the best investment stories in retail.      

Starbucks (SBUX) 

Shares were stuck under $65 for the last few years as the company had one earnings stumble after the other with investors questioning if they could get their mojo back. The answer is YES especially with an increased focus on China and innovation. The most recent earnings report had analysts revise earnings projections upwards with investors once again clamoring for shares. This had SBUX break the spell under $65 and now pressing new all time highs above $70.

All 5 of these stocks (ADP, COST, CSCO, INTU and SBUX) are currently enjoying a POWR Rating of A – Strong Buy. You can learn more about the benefits of the POWR rating system at https://stocknews.com/powr-ratings/.


About the Author: Steve Reitmeister


Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...