Gap Inc (NYSE:GPS): The company releases many of its key metrics on a monthly basis, so its quarterly results aren’t often surprising. After reporting a jump in comparable store sales in June, that metric turned negative in July. Overall comparable sales for the second quarter were down 2%. This includes a 3% decline in its namesake Gap brand, a 9% drop from Banana Republic and flat Old Navy sales. Shares are still up 44% in the past 3 months. Based on the way things are going in the retail space, a small surprise could send the stock soaring.
Ross Stores (NASDAQ:ROST): Discount retailers including Ross Stores have been gaining from the favorable response of value focused customers. Its extensive collection of bargains along with efficient cost control should continue to drive future growth. Besides a weak Q1, earnings have remained upbeat. The company has topped expectations and delivered positive growth in 3 of the last 4 quarters. Shares are up 16% in the past 12 months but historically stay after an earnings report.
Applied Materials (NASDAQ:AMAT): Applied Materials continues to deliver robust revenue growth thanks to a diversified product portfolio and significant market share that keeps growing. The company’s global footprint has been one of the biggest drivers in recent quarters. Orders from China reached a record high in the past quarter. New display and enabling technology will open up fresh opportunities moving forward. The bar is set high this quarter so any slip could be devastating for investors. Shares are up 45% year to date and 63% in the past 12 months.