The Dow Jones Industrial Average is pushing to fresh highs on Monday, continuing the post-election melt up.
After Friday’s better-than-expected payroll report, everything seems to be going right for the bulls. The economic data is improving. Corporate earnings growth has returned. And now, even the prospect of another interest rate hike from the Federal Reserve is being taken in stride.
That isn’t to say that everything is moving higher. Much of the market has lagged, including utilities, telecoms and real estate investment trusts. Large-cap tech stocks have disappointed. So, unless your portfolio concentrated in things like industrials and financial stocks, you’ve likely missed out on the bulk of the move.
For those looking to make up for lost time, here are five large-cap stocks to concentrate on.
Large-Cap Stocks to Buy: Disney (DIS)
Walt Disney Co (NYSE:DIS) shares have retaken the $100-a-share threshold for the first time since July — up 10% from its October low — as investor fear surrounding ESPN subscription losses ease.
On Monday, RBC analysts see the potential to boost share price value by separating or divesting the ESPN franchise, potentially through a spinoff or a sale.
The company will next report results on Feb. 9 after the bell. Analysts are looking for earnings of $1.51 on revenues of $15.3 billion.
Large-Cap Stocks to Buy: Nike (NKE)
Nike Inc (NYSE:NKE) shares are popping up and out of a two-month consolidation range near $50. It’s also pushing over its 50-day moving average for the first time since early September, thanks in part to an upgrade by analysts at HSBC on Monday.
NKE will next report results on Dec. 20 after the close. Analysts are looking for earnings of 43 cents per share on revenues of $8.1 billion. The company reported better-than-expected quarterly numbers in September, but investors were disappointed by weak margins and light future orders.
Large-Cap Stocks to Buy: ConocoPhillips (COP)
ConocoPhillips (NYSE:COP) shares are testing over the $50-a-barrel level for the first time since late 2015, thanks to the rally in crude oil.
West Texas Intermediate looks ready to retake the $52 level — a feat it hasn’t mustered since the summer of 2015 — thanks at last to an actual pen-to-paper agreement by OPEC nations to cap production and freeze output levels.
COP will next report results on Jan. 26 before the bell. Analysts are looking for a loss of 45 cents per share on revenues of $7.8 billion.
Large-Cap Stocks to Buy: Exxon Mobil (XOM)
Exxon Mobil Corporation (NYSE:XOM) shares appear to be on the verge of breaking up and over a multi-month consolidation range with resistance near $88.
After building strength near critical support at the 50-day and 200-day moving average, the energy giant looks ready for a push higher on the boost to crude oil delivered by OPEC’s recent production-freeze agreement.
The company will next report results on Jan. 27 before the bell. Analysts are looking for earnings of 77 cents per share on revenues of $66.6 billion. Edge Pro subscribers are holding a position in the Dec $88 XOM calls.
Large-Cap Stocks to Buy: Netflix (NFLX)
Netflix, Inc. (NASDAQ:NFLX) shares are consolidating near $120, cooling their heels after the gapped jump higher in October. For a big-cap tech stock, NFLX has been remarkably resilient in the face of sector-level post-election selling.
Investors remain excited by the company’s international growth prospects, solid U.S. user base and compelling content offerings, including a Disney movie distribution agreement and rights to the upcoming Star Trek television reboot from CBS Corporation (NYSE:CBS).
The company will next report results on Jan. 16 after the close. Analysts are looking for earnings of 13 cents per share on revenues of $2.5 billion.