5 Top Blue-Chip Earnings Charts To Watch

Earnings season kicks it up a notch this week with over 300 companies reporting, including a bunch of blue chip large caps.

Over the past few years, most investors didn’t care much about most of these names. They were considered boring, “old” names that paid dividends but didn’t give you the growth and excitement of the FANG stocks.

But in 2018, everything has changed.

Now, it’s some of the oldest companies in the United States in “old economy” industries like the railroads, that are soaring higher.

But how have they looked on earnings beats?

These five have some of the top earnings surprise streaks this week.

5 Top Blue-Chip Earnings Charts to Watch

1. Royal Caribbean (NYSE:RCL) is in one of the hottest industries: travel and leisure. Not only have shares busted out to new 5-year highs but the company has only missed once in the last 5 years. Impressive.

2. Caterpillar (NYSE:CAT) has gained momentum in 2018 after coming off a breakout year in 2017. Who knew this old economy equipment maker would be so beloved suddenly? Caterpillar’s last earnings miss was all the way back in early 2015.

3. Union Pacific (NYSE:UNP) has benefitted from its terminals along the Mexican border. It has missed only 3 times over the prior 5 years. Volumes have been solid with its competitors. Will UNP follow suit?

4. 3M (NYSE:MMM) has missed 3 times in 5 years including just 2 quarters ago, but shares keep grinding higher and now sit at a 5-year high. It’s trading with a forward P/E of 25. Is it too hot to handle now?

5. Raytheon (NYSE:RTN) has a gorgeous chart with just 1 earnings miss in 5 years. Buy and hold has worked with this defense contractor but can it meet elevated expectations?

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