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Momentum Monday – The Next One-Trillion-Dollar Company And Some Ideas For August

Published 08/07/2018, 01:58 AM
Updated 07/09/2023, 06:31 AM

Chinese tech stocks might be trouble but their U.S. counterparts are hitting on all cylinders. And there are good fundamental reasons: 75% of the S&P 500 companies reported earnings already. So far, the average year-over-year earnings growth is 30%, the average y/y sales growth is 10%. We haven’t seen such high growth rates since 2010.

We take a look at some new and some old ideas: SendGrid (NYSE:SEND), DocuSign Inc (NASDAQ:DOCU), Five Below Inc (NASDAQ:FIVE), Nike Inc (NYSE:NKE), Walt Disney Company (NYSE:DIS), Blackline Inc (NASDAQ:BL), MercadoLibre Inc (NASDAQ:MELI), NVIDIA Corporation (NASDAQ:NVDA), Apple Inc (NASDAQ:AAPL), Twilio Inc (NYSE:TWLO), Etsy Inc (NASDAQ:ETSY), Amgen Inc (NASDAQ:AMGN), Seattle Genetics Inc (NASDAQ:SGEN), Myriad Genetics Inc (NASDAQ:MYGN), and others.

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