3 Top Stocks to Watch This Earnings Season
Now that we are deep into October, third-quarter earnings season is officially in high gear. It's important for investors to watch earnings reports, as they have the power to send stocks higher or lower, as well as shift investor sentiment. Earnings reports provide a three-month snapshot of how a company performed, as well as commentary from management about the future performance and longer-term strategy of that company. If you think a company has performed well in the quarter, it may also be good to purchase more of the stock prior to the release of earnings.
Three Motley Fool contributors are watching the banking and payments fintech Square (NYSE: SQ), the digital marketplace bank LendingClub (NYSE: LC), and the web developer Wix.com (NASDAQ: WIX). Here is why these stocks are important to watch this earnings season.
Keith Noonan (Square): Fintech services leader Square has been posting stellar growth, with revenue up 195% year over year across the first half of 2021. While it's unlikely that the company will continue to expand at such a rapid clip, the business's long-term outlook remains intriguing, and it will likely be a very influential player in fintech through the next decade.
Source Fool.com
