Earnings season is in full swing, and investors can make or
lose a bundle depending on the stocks they own. For my money,
three of the best blue chip stocks to bank on for a big earnings
) took a hit, along with all the automakers, as the recession
took hold. But thanks to smart management, Ford was the only
member of the Big Three automakers to avoid bankruptcy. That's
not to say it has been an easy ride for the company. It wasn't
until January of this year that the company posted its first
annual profit in four years!
Expectations are still low for automakers-including Ford-and
that's why I think the company is gearing up for an earnings
surprise when it reports on July 27. Its monthly sales numbers
have been strong and it has improved its market share
drastically. Analysts have also raised estimates 53% in the last
90 days. All this taken together makes me think Ford could break
the $0.40 per share mark when it reports. I would encourage you
to buy shares ahead of earnings because its price will shoot
higher if it posts a big surprise.
) is another huge company that you should own this earnings
season and into the future. BIDU has continued to kick Google's
behind when it comes to Chinese market share (the company says it
hopes to control 79% of this market by next year). Last quarter,
BIDU posted a whopping 165% surge in net income, to $70.4
million, or $2.02 per share. Sales also rose an incredible 60%,
to $189.6 million, blowing past analysts' expectations and
resulting in a +33% earnings surprise. The stock jumped 14% on
that news and a repeat this quarter should do the same.
That's why BIDU is one of my 19 top-rated buys in
Blue Chip Growth
Express Scripts Inc
) is continuing to perform remarkably well. The company's Q1
profit rose 21%, earning it $260.2 million and beating analysts'
forecasts. Full-year numbers have been on the rise and the
company's recent stock split is a bullish signal. Earnings will
be released on July 26 and, considering the company has a history
of posting 100%+ surprises, I think it will beat the Street. This
stock should have another great quarter and would make a nice
addition to any diversified portfolio.
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