Got $1,000? 4 Stocks to Buy Before Earnings
Third-quarter earnings season will kick off soon, which makes this an opportune moment to start looking around for stocks that could jump after they deliver their reports. Earnings serve as a three-month snapshot for how a company has performed and can often provide hints regarding future performance including guidance from management, the launch of new products, as well as updates on current initiatives.
While you always want to focus on stocks that will be good holdings for the long term, earnings reports can serve as a great catalyst for a quick upward move, which is why buying in in the weeks ahead of them can be a good way to start a new position. Here are four stocks to invest $1,000 in before they deliver their next earnings reports.
I have been quite bullish on LendingClub (NYSE: LC) for much of this year. The company, which is now the largest holding in my portfolio, is mainly in the business of originating personal loans online, using technology to streamline the underwriting of those loans as well as the application and approval processes for borrowers.
Source Fool.com
