Here at Bespoke, our job is to identify winners and losers, and one of the ways we try to find earnings-season winners is through our list of “triple plays.”
Long-term Bespoke subscribers know how much we like triple plays, but for those that haven’t heard of the term, we came up with it back in the mid-2000s for companies that beat analyst earnings estimates, beat analyst revenue estimates and also raise guidance. Investopedia.com is one of the best online resources for financial markets education, and they’ve actually given us credit for coining the “triple play” term on their website. We consider triple play stocks to be the cream of the crop of earnings season, and we are constantly finding new long-term buy opportunities from this basket of names each quarter.
So far this earnings season, the net positive guidance spread (spread between companies raising guidance minus lowering guidance) is at its highest level in six years. Companies are finally getting aggressively bullish on the future. With the increased number of companies raising guidance, there’s also been a significant pickup in the number of triple plays this season. Just since Wednesday’s close, there have been 25! We can’t remember a day in the 15+ years we’ve been doing this where that many triple plays were registered.
Since earnings season began back in early July, there have been 103 total triple plays. Last season there were 102 for the entire reporting period, and we still have two weeks to go this season. Throughout earnings season, Bespoke sends Premium and Institutional members its “Earnings Triple Plays Report.” The report keeps a running tally of recent triple plays, and it also provides a list of “Top Triple Plays.” This is a list of the triple-play stocks that we think look the best from a fundamental and technical perspective coming out of their most recent earnings reports. We’ve just published our first Earnings Triple Plays Report for the current earnings season. Learn how to see the stocks below!
See our Top Earnings Season Triple Plays by signing up for a monthly Bespoke Premium membership now. Click this link for a 14-day free trial.