From CNBC: 2025-01-04 10:00:01

Another earning season is over, with 23 out of 33 portfolio names delivering third-quarter reports deemed good or great by the Investing Club. Technology companies led with 86% beating sales estimates, followed by healthcare (79%) and real estate (74%). Communication services had the highest bottom-line beats at 95%, followed by technology at 86%.

Some notable moves included initiating a position in Goldman Sachs after strong results, and exiting Advanced Micro Devices due to lackluster performance. Quarterly reports are not the sole analysis factor, but a strong indicator for buying and selling decisions based on business fundamentals. Companies were grouped into four categories: The Great, The Good, The Not So Bad, and The Ugly.

Some standout companies in The Great category included Alphabet, Amazon, and Broadcom, with notable AI integration and revenue growth. In The Good category were companies like Apple, Abbott Laboratories, and Bristol-Myers Squibb, showing strong performance and earnings growth. The Not So Bad category included companies like Coterra Energy and Eaton, focusing on cost discipline and profitability. In The Ugly category were companies like Honeywell and Eli Lilly, with mixed results and outlooks.

Overall, the earnings season showcased a mix of strong performers and those with room for improvement. The Club’s portfolio saw positive results from core holdings like Costco, Meta Platforms, and Salesforce. While some companies faced challenges, the focus remains on long-term growth and profitability, guided by solid business fundamentals and strategic decision-making.



Read more at CNBC:: Investing Club’s Q3 2024 Earnings Report Card