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5 Top Charts to Start Earnings Season

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5 Top Charts to Start Earnings Season

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This story originally appeared on Zacks

Earnings season officially starts this week with the big banks leading off the charge.

– Zacks

We’ll hear from all four of the largest American banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo.

But there’s plenty more to keep an eye on outside of the financials as there’s a diverse group of large cap companies also reporting this week.

These 5 companies have the top charts of the week. One hasn’t missed in 5 years, not even during the pandemic, and another one is up 105% in 2021.

Can those who “won” in 2020 keep winning in 2021 and beyond?

5 Top Charts to Start Earnings Season

1.    JPMorgan Chase & Co. JPM has beat 5 quarters in a row. Considered one of the “top” banks in the country, investors have pushed the shares up 31% year-to-date. They’re at new all-time highs. It’s trading with a forward P/E of 12. Is this just the start of its next big rally?

2.    UnitedHealth Group UNH hasn’t missed in 5 years. Impressive. It’s so consistent. Shares are up 15.5% this year and are trading around its all-time highs. What will be the catalyst for the next break out?

3.    Domino’s Pizza, Inc. DPZ has beat 2 quarters in a row and has come through the pandemic as a “winner.” Shares are up another 25% year-to-date. But will labor and commodity costs as well as the delta variant COVID outbreak bite in the third quarter?

4.    Taiwan Semiconductor Manufacturing Co. TSM has beat 3 quarters in a row but shares have been treading water throughout 2021. Shares are up just 1.1% year-to-date after a 2-year rally of 123%. Manufacturing issues have hit the semiconductor industry in 2021. Will they come out of it in 2022?

5.    Alcoa Corp. AA has beat 6 quarters in a row. It’s been a surprise winner in 2021, with shares soaring 105% after a big 2020 coronavirus rally. Yet it has a forward P/E of just 7.2 as earnings are expected to be up 650% this year. Is there more gas left in the tank?

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JPMorgan Chase & Co. (JPM): Free Stock Analysis Report
 
UnitedHealth Group Incorporated (UNH): Free Stock Analysis Report
 
Alcoa (AA): Free Stock Analysis Report
 
Domino’s Pizza Inc (DPZ): Free Stock Analysis Report
 
Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report
 
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Zacks Investment Research

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