EarningsBeats.com Digest for February 15, 2021
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Announcements
It's Webinar Day! "Sneak Preview: Top 10 Stock Picks"
To Join EarningsBeats.com Chief Market Strategist Tom Bowley later today for a “Sneak Preview: Top 10 Stock Picks." Click here to learn more.
After Earnings Last Week, This Industrial Is Likely To Be A Repeat Portfolio Stock
Generac Holdings, Inc. (GNRC) has one week left as part of our spectacularly-performing Strong AD Portfolio, which has gained a staggering 42.78% this quarter! That's the average return of 10 equal-weighted stocks from 10 different industry groups. GNRC is part of the building materials & fixtures industry ($DJUSBD) and it's been a tremendous leader in that space. It also sports a very healthy AD line that broke to a fresh new high, along
with price, after reporting stellar quarterly earnings results:
After gapping up on Thursday, GNRC continued pushing higher, so I believe the top of gap support (293.50) is likely to provide excellent support on any future period of consolidation/selling. GNRC reported revenues of $761.08 million (vs. consensus estimate of $725.77 million) and its EPS of $2.12 easily surpassed its consensus estimate of $1.96. Given the breakout in its AD line, there's a very good chance that GNRC receives another 90-day stint in
one of our portfolios. It'll certainly be a finalist for sure.
I'll be hosting a very informative and educational, "Top 10 Stocks - Sneak Preview" event later this afternoon. I hope you'll be able to join me!
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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