EarningsBeats Digest

Published: Mon, 09/20/21

EarningsBeats.com Digest for September 20, 2021

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An Industrial To Consider For The 4th Quarter

Any company that's on both our Strong Earnings ChartList (SECL) and Strong AD ChartList (SADCL) is a company worth considering. It means that you have a company that's beaten Wall Street's consensus estimates as to both revenues and earnings, and also appears to be under accumulation. That's a nice combination to have. Textainer Group Holdings (TGH), an industrial, is such a company. It's also a company that historically has performed very well in Q4. You can see that TGH seems to perform extremely well during October and November - at least since this secular bull market kicked in back in 2013:

Technically, I'd look for TGH to make another run for its August high near 38.00, while near-term price support is in the 31.50-32.00 area. TGH is also a part of the transportation services group ($DJUSTS), which set a new relative high vs. the benchmark S&P 500 in late August. TGH set a 52-week relative high vs. its transportation services peers in early August, so it's a leading stock within a leading industry group. I expect this to continue throughout Q4.

Happy Trading!

Tom Bowley
Chief Market Strategist

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