August is the thick of the second-quarter earnings season. This year is particularly suspenseful as companies match up against the second quarter of 2020, where some of them got a huge pandemic boost, and others got a huge pandemic bashing. Many companies have bounced back big, topping 2019 numbers, and others have demonstrated lackluster growth in the face of tough comparisons.
Investors have rewarded stocks accordingly. They sent Home Depot stock down this week after it posted weak comps after a huge surge last year, and they rewarded Coca-Cola in July after it posted a 42% revenue rise.
But things are not quite that simple, and investors should focus on the long-term outlook when evaluating a stock. That's why I'm going with Airbnb (NASDAQ: ABNB), Walt Disney (NYSE: DIS), and Upstart Holdings (NASDAQ: UPST) as hot stocks to buy this month. All three posted incredible growth in the second quarter, and they all have enormous upside.
Source Fool.com