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Commentary
We’re approaching another earnings season, starting in mid-April, when many of our stocks shine the brightest. Some of the fundamentally superior stocks in our portfolio may bend, but they do not often break due to their strong underlying forecasted sales and earnings growth, so in a market like this, where it’s every stock for itself, we seek out fundamentally superior stocks – those likely to pop during earnings season.
One example is Argan (AGX), which surged 37.9% on March 27, a day when the Dow lost 793 points. Argan announced quarterly sales up 12.7% in the latest quarter. Better yet, earnings rose 56.3% to $49.2 million ($3.47 per share). Analysts expected sales of $255.3 million and earnings of $1.98 per share, so Argan posted a 2.7% sales surprise and a stunning 75.3% earnings surprise. Also, since Argan is a data center-related stock, it helped lift other data center stocks, which continue to exhibit relative strength….
We’re approaching another earnings season, starting in mid-April, when many of our stocks shine the brightest. Some of the fundamentally superior stocks in our portfolio may bend, but they do not often break due to their strong underlying forecasted sales and earnings growth, so in a market like this, where it’s every stock for itself, we seek out fundamentally superior stocks – those likely to pop during earnings season.
One example is Argan (AGX), which surged 37.9% on March 27, a day when the Dow lost 793 points. Argan announced quarterly sales up 12.7% in the latest quarter. Better yet, earnings rose 56.3% to $49.2 million ($3.47 per share). Analysts expected sales of $255.3 million and earnings of $1.98 per share, so Argan posted a 2.7% sales surprise and a stunning 75.3% earnings surprise. Also, since Argan is a data center-related stock, it helped lift other data center stocks, which continue to exhibit relative strength….
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