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However, the major stock market indexes have advanced significantly of late thanks to the strong corporate earnings results and investors’ optimism surrounding the Senate’s approval of the $1.2 trillion bipartisan infrastructure plan on August 10. According to a FactSet research report, more S&P 500 companies beat the EPS estimates in the second quarter than average.
So, we think it is wise to bet on Activision Blizzard, Inc. (ATVI), Regeneron Pharmaceuticals, Inc. (REGN), Western Digital Corporation (NASDAQ:WDC), Continental Resources, Inc. (CLR), and Yelp Inc. (YELP). These companies crushed earnings estimates in their last reported quarter and we think have the potential to continue advancing in the coming quarters.
