There is no doubt that the markets have been choppy recently. But according to one market expert the future still looks bright. “The market moves with the direction of earnings,†Canaccord Genuity’s chief strategist Tony Dwyer told CNBC. “As long as the economy is positive, that direction of earnings is going up.â€
In fact, Dwyer believes that we are set up for an “unbelievable†earnings season. “This quarter alone we’re probably going to be close to 24 percent growth rate versus a year ago in S&P operating profits,†he said.
And for those investors who remain skeptical, Dwyer has this advice: “Outside of a very clearly identified recession period, you don’t want to sell weakness,†Dwyer said. “You want to buy it.â€
So with this bullish analysis in mind, we turned to TipRanks’ Earnings Calendar to pinpoint three of the most promising stocks for you to track this earning season.
This nifty calendar enables you to find stocks with upcoming earnings that have a ‘Strong Buy’ rating from the Street’s best-performing analysts. As well as the stock’s consensus rating, you can also filter by market cap and sector.
Let’s take a closer look at how that works out here:
1. Zions Bancorp (NASDAQ:ZION)
This Utah-based bank, which boasts assets of over $65 billion, is out with its earnings results on July 23.
Five-star Vining Sparks analyst Marty Mosby is impressed by large-cap bank earnings results so far. He highlights Zion as a stock set to bounce on its announced earnings.
“We believe a wave of potentially favorable earnings announcements started today, and should play out over the next 2 weeks of continuous earnings announcements.We look forward to hopefully being able to highlight the beginning of a rebound in the stock prices for the Super Regional and Trust Banks, especially over the next couple of weeks†Mosby wrote on July 14. As we can see from TipRanks, Mosby is one of the Street’s best analysts. For his precise stock picking ability, he ranks a very impressive #49 out of over 4,800 tracked analysts.
