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Top Stocks In Buy Zone Ahead Of Results: Investing Action Plan

Top Stocks In Buy Zone Ahead Of Results: Investing Action Plan

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Here’s your Investing Action Plan for Tuesday: what you need to know as an investor for the coming day.

As perhaps the busiest week for earnings gets underway, stocks like Dow Jones industrial average component McDonald’s (MCD), Alphabet (GOOGL) and Lockheed Martin (LMT) are flashing buy signals before results come out. Meanwhile, strong quarterly numbers from Dow stock Caterpillar (CAT) could propel it into buy range, and Chipotle (CMG) is expected to show its first bottom-line improvement in more than a year.

Stocks To Watch

McDonald’s reports early Tuesday, and analysts expect EPS to rise 8.1%, to $1.33, while revenue slips 6.3%, to $5.53 billion. Shares closed up 0.6%, at 134.23 on the stock market today, still in buy range after clearing a 130.10 entry earlier this month. Analysts have been bullish on the Golden Arches lately, especially on its mobile ordering and payment plans.

Lockheed also reports before the market opens Tuesday, and Wall Street sees EPS rising 8.1%, to $2.79, and revenue up 8.3%, to $11.23 billion, as F-35 production continues quickening. Shares added 1.1% Monday, to 276.21, after re-entering buying territory last week.

Google parent Alphabet reports late Thursday, and analysts estimate 23% EPS growth, to $7.40, with revenue rising 19.5%, to $24.22 billion. Shares are also back in buy range after breaking out in March, selling off, almost falling low enough to cancel out its entry, then recovering.

Home Depot (HD), another stock on the Dow average, reports May 16, but shares topped a follow-on buy point of 149.10 Monday, rising 1.3% to 151.89. It previously broke out in January.

Chipotle Mexican Grill

The fast-casual chain releases Q1 numbers after the close.

Estimates: Per-share profit of $1.27, swinging from a year-ago loss of 88 cents a share, and revenue to jump 26%, to $1.05 billion, as the results finally lap the fallout from a food-borne illness outbreak.

Stock: Shares 2.1% to 468.79, but remain above buy range after shooting above a 434.79 entry late last month.

Caterpillar

The maker of mining and construction equipment reports Q1 financials before the market opens.

Estimates: EPS to fall 7.5%, to 62 cents, with revenue down 2%, to $9.27 billion.

Stock: Shares rallied 2.6% to 96.81, as quarterly equipment sales by retailers rose 1%, ending a 51-month slump.

Illumina

The maker of gene-sequencing equipment reports Q1 results after the close.

Estimates: EPS to drop 10%, to 64 cents, while revenue rises 3.3%, to $590.8 million.

Stock: Shares climbed 2.8% to 180.20, gapping above buy range. Illumina (ILMN) broke out last month.

[“Source-investors”]