Top Stock Picks for Week of August 12, 2019
JPMorgan Chase & Co. JPM, is a financial services firm. JPMorgan's shares have outperformed the industry over the past three months. It has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Its second-quarter 2019 results reflect decent loan growth and lower credit costs, while dismal trading and investment banking performance was on the downside. Improving loan balance, strong balance sheet, branch openings in new regions, focus on strengthening credit card business and deal to acquire InstaMed l support the bank's financials.
IAC/InterActive Corp. IAC, is a leading media and Internet company. IAC/Interactive’s quarterly earnings beat the Zacks Consensus Estimate. This quarterly report represents a double digit earnings surprise. IAC/Interactive, which belongs to the Zacks Internet - Commerce industry, posted revenues of $1.19 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate.
The company has topped consensus revenue estimates four times over the last four quarters. IAC/Interactive shares have outpaced the S&P 500 since the beginning of the year.
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