EarningsBeats.com Digest for August 4, 2021
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Our ChartLists
Upcoming Earnings
Our ChartLists for this week's upcoming earnings are now available. Click below to access the ChartLists. If you like what you see, consider joining us for a NO COST 30-day trial to receive access to our member-exclusive content.
Seasonality: August
Our Monthly Seasonality ChartList is typically only offered to paid members at EarningsBeats. However, this month we're allowing all subscribers in our community to access the list. To find out which 20 stocks are among those that perform the best historically in August, click below.
Seasonality Should Provide Additional Tailwinds for This Software Stock
We're including our August Seasonality ChartList (above) to our entire EB Digest community as a thank you for your continuing commitment. Each month, we provide our EB.com members a ChartList that contains 20 stocks from the S&P 500 and/or the NASDAQ 100 that have shown bullish tendencies for that month. The #1 stock on this month's August Seasonality ChartList is Paycom Software, Inc. (PAYC). You can take one look
at PAYC's August historical track record and quickly understand how powerful seasonal knowledge can be:
PAYC has been a public company for 8 years. It has yet to see an August where it's lost ground. PAYC reported its quarterly results after the bell on Tuesday and the stock is higher by roughly 7.5% after hours. They beat revenue and EPS estimates soundly. PAYC's all-time price high was 471.08, set on December 23, 2020. After hours on Tuesday, PAYC's 7.5% advance landed it at approximately 430, still 10% or so away from that all-time
high. Given the strong earnings report and the historical tailwinds, don't be surprised to see PAYC challenging those all-time highs sooner rather than later.
Happy trading!
Tom Bowley
Chief Market Strategist
EarningsBeats.com
Better Timing. Better Trades.
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