Investors looking for ways to play the next batch of earnings may want to look at names with a history of outperforming expectations — and tend to rise on the back of those results. This week has seen a swath of tech companies beat expectations, including Microsoft , Amazon and Google-parent Alphabet , despite concerns over slower ad spending on the platforms. Other companies, including industrial giant Honeywell, have also posted strong results.
mountain Shares of Garmin have gained more than 16% over a five-year period on earnings day. Shares of NXP Semiconductors are up 2.6% so far this year. The company beats earnings expectations by 3.58% over a five-year period, while beating overall 85% of the time over the same timespan. NXP will report quarterly results on May 1. Motorola stock has added 12.8% so far this year. The company also has an unblemished record over the past five years, beating earnings expectations 100% of the time.
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