It’s official, Q1 earnings season is upon us. The expectations for this quarter are very high and the market needs some distraction from the geopolitical concerns that have roiled the landscaped recently. After last week’s soft launch of the season, this week is very hard hitting. We’ll have reports from streaming giant Netflix (NFLX), Lam Research (LRCX), steel company Nucor (NUE), shoe-maker Skechers (SKX) and oil services giant Schlumberger (SLB). This first week will have a smattering of financial firms, tech companies, along with commodity stocks. It should prove to be an exciting week.
If you’re looking for the best stocks to trade this week, check out the video above where I, Dave Bartosiak, walk through the charts on these five stocks, looking for the best setups for the coming week. Long-term investors will also find value as I uncover earnings trends underlying each of these stocks. Pullbacks following earnings could be the perfect opportunity for value investors looking to add to positions while breakouts could offer momentum traders swing trades to profit from. A little something for everyone, along with live chat to answer your questions.
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The 5 Best Stocks to Trade This Week