If you’re one of those people who are having trouble finding the silver lining in this poor U.S. economy, where wallets are tightening and gas prices are rising, then you’re probably not alone, but you’re probably not traveling in the right circles.
Right now, there is an incredible amount of growth happening in blue chip growth stocks and if you keep your head in your hands too long, you’ll miss one of the most exciting quarters for select U.S. companies in years.
Speaking of earnings, four of my Blue Chip Growth companies reported this week, and the growth and resulting profits have been astounding. Let’s take a look at a few:
CSX Corp’s (CSX) first-quarter earnings rose 63% to $351 million, or 85 cents per share. Analysts were only expecting earnings of 64 cents per share, so the company posted a whopping 32.8% earnings surprise!
This increase was primarily caused by an increased amount of shipments in ethanol, grain and coal. The company’s outstanding earnings report on Wednesday, April 16 led CSX to hit a new 52-week high of $61.16 by market close. This brings our current Blue Chip Growth gain at over 75%! The best may still be yet to come and my subscribers are buying more every time the stock hits my buy limit.
Not only did Baxter International (BAX) report a 6% earnings increase during their first-quarter earnings report, the company also raised its full-year outlook. Specifically Baxter reported that its earnings rose to $429 million, or 67 cents per share aided by strong cost cuts and a weaker dollar. Revenue rose 8% to $2.88 billion. Based on this excellent first-quarter announcement, the company now expects full-year earnings of $3.18 or $3.24 compared with previous estimates of $3.10 to $3.18 per share.
Blue Chip Growth subscribers have a 20% gain in the stock so far, and the momentum from strong earnings should keep the stock rolling!
An interesting thing happened to my current solar stock recommendation. Even though the company’s profits rose more than 11-fold to 15 cents per share, analysts still weren’t happy. They expected earnings of 35 cents per share! Are you kidding me?
Honestly, if Wall Street had been a bit more realistic about what we can all expect, then on Thursday they would have been celebrating this company’s success, instead the stock took a small hit to its ego. I think it’s only a matter of time before Wall Street comes to its senses and realizes that when a company not only reports that its first-quarter revenue increased 92%, as well as raises its second-quarter and full-year guidance, then that stock’s on fire.
Check out my Blue Chip Growth newsletter to get the name and full buy advice on this solar stock!
If you’re ready to get in on the incredible profits to be made from companies that are set to report earnings in the coming weeks, join Blue Chip Growth today! Try it now risk free for the next 6 months! That’s right–take 6 months to decide if Louis Navellier’s Blue Chip Growth is right for you. If you’re not fully satisfied at any time in the first 6 months, simply cancel your subscription and we’ll refund your money!
