5 Winning Stocks Halfway Through Q4

We are halfway through the fourth quarter of 2019 and markets have been performing quite well. Major benchmarks are reaching fresh highs, thanks to rise in optimism on the trade front and strong third-quarter earnings results.

Given such positives let’s have a look at five stocks that have performed well halfway through the fourth quarter and are poised to grow further.

So Far in Q4

Major benchmarks have been performing well since the beginning of October and stocks have closed higher in most of the trading sessions. The S&P 500 has hit nearly 20 new highs so far this year, two of them in November itself, while the Dow Jones crossed the coveted 28,000 mark on Nov 15.

Major factors that helped the benchmarks soar halfway through the fourth quarter are progress in the U.S.-China trade deal, Fed Chairman Jerome Powell’s optimism over U.S. economic strength and stronger-than-expected third-quarter corporate earnings.

The prolonged trade tiff between the United States and China has been a concern, but since the beginning of the fourth quarter, several positive developments on the trade front have lifted investors’ sentiments. Both economic giants have agreed to sign a phase one deal soon. Further, America has halted tariffs that were scheduled in October.

Additionally, Powell has expressed optimism about the U.S. economy and cited that “sustained expansion of economic activity, a strong labor market, and inflation near our symmetric 2%” will help the economy grow at a solid pace. Moreover, the third rate cut by the Fed in October has lowered borrowing costs on mortgages and several other loans, boosting home sales and in turn the broader economy.

What’s more, majority of the companies that have reported their third-quarter earnings have come out with positive results despite prevailing trade tensions and global economic slowdown.  As of Nov 8, 447 S&P 500 companies have reported results with 72.5% beating EPS estimates and 57.9% surpassing on revenues.

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