3 “Buy Rated” Stocks Reporting Earnings THIS WEEK

The S&P 500 had been in a trading range for most of June, in between 3,000 and 3,200.  That changed last week when stocks rallied on positive coronavirus vaccine data.

Where is the market headed from here?

This question will be answered over the next month as publicly traded companies release their quarterly earnings report…

Earnings season is underway with 74 companies reporting their results yesterday. This is an important time for investors to learn more about a company’s performance over the last quarter and its guidance for the next quarter and/or year. This year’s second quarter’s earnings are especially crucial in light of the coronavirus pandemic and ensuing recession.

Here are three stocks that currently have a “Buy” rating, or better, in our exclusive POWR Ratings system that could see major moves after reporting earnings:

Chipotle Mexican Grill (CMG)

CMG is the largest company in the $16 billion domestic fast-casual Mexican restaurant industry. It has a menu that includes burritos, bowls, tacos, and salads, all of which are made from high-quality ingredients. The company operates over 2,600 restaurants in North America, the U.K., France, and Germany. CMG relies on a consumer awareness model to drive business, such as its loyalty program, Chipotle Rewards, which was launched in 2018 and has more than 11.5 million enrolled members.

In 2016, the company suffered through a series of embarrassing news coverage due to foodborne illnesses that customers received from eating at the chain. CMG has recently bounced back and revived its brand image. In addition to appointing Brian Niccol to CEO, it has also relaunched its restaurant standards by focusing on food safety. The company has also spurred growth through its e-commerce initiatives. CMG is reporting earnings tomorrow, July 22nd.

CMG is one of the top-rated stocks in our POWR Ratings system with a Strong Buy Rating. The stock also holds grades of A in Trade Grade, Buy & Hold Grade, and Peer Grade. Overall, it is the #1 ranked stock in the Restaurants industry.

Intel (INTC)

INTC is one of the world’s largest chipmakers. It designs and manufactures microprocessors for personal computers and data center markets. The company has recently shifted its focus from the PC market to data-rich business such as artificial intelligence and autonomous driving. Revenue from data-focused businesses already accounts for 48.3% of the company’s $71.97 billion in revenue last year…

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