|
Dear EarningsBeats Community Member:
Our focus at EarningsBeats.com is on companies that beat earnings expectations and have charts that look promising. In today's EarningsBeats Digest, StockCharts.com Senior Technical Analyst Tom Bowley takes a look at two stocks that made our Strong Earnings ChartList.and have powered his Model portfolio higher.
Today's focus: Shopify (SHOP) and Everbridge, Inc. (EVBG.)
While many eyes have been on software companies Adobe Systems (ADBE) and Oracle Corp (ORCL) after both beat top and bottom line estimates this week, mine have been focused on two stellar software out-performers that have contributed to my Aggressive Portfolio and Model Portfolio gains since their May 19th unveiling of +10.98% and +9.21%, respectively. The S&P 500, by contrast, has risen just +3.31%. The Model Portfolio actually began on November 19th, 2018 and has swamped the S&P 500, +42.12% to +9.79%. That's serious out-performance and it's driven by sticking with fundamentally and technically sound companies. Shopify, Inc. (SHOP) and Everbridge, Inc. (EVBG) are the two software companies that have been helping to drive my portfolios higher:
SHOP and EVBG are two powerhouses in software. Relative strength should play a key role in your portfolio construction. By trading only companies that are leaders in their industries (and those industries are leaders vs. the S&P 500), you will find that you own the best of the best. That leads to the type of outperformance discussed in the two portfolios above.
Happy trading!
Tom Bowley
Sr. Technical Analyst
StockCharts.com
|
|
