Up 9% premarket, this stock could keep rallying after solid earnings beat
Investing.com—While investors who bet on big tech companies ahead of earnings reports are still yet to see sizable profits from Q2 earnings season, other lesser-known names are rallying big time under the radar.
Such is the case for Manhattan Associates (NASDAQ:MANH), up 9% in premarket trading today after betting earnings expectations by a hefty margin. Similarly, Enphase Energy (NASDAQ:ENPH) is up 6.5% after posting solid results.
But how could one know enough to buy these companies ahead of their reports? Well, not to put you down, but the fact is picking the right winners amid the myriad of reports is a tough game to play for retail investors.
Not for our state-of-the-art AI stock-picking tool, though. It gave our premium users both stock picks at the beginning of the month for less than $8 as part of our exclusive summer sale - among several others.
In fact, several other picks for this month are riding the broader market rotation with double-digit gains. Just to name a couple:
Builders FirstSource (NYSE:BLDR): +22.3% in July. Bread Financial Holdings (NYSE:BFH): +14% in July.
But how do we do it?
Simple; by compiling the history of the stock market in data, ProPicks' state-of-the-art AI models update you with the best stock selection in the market at the start of every month.
Differently from everything else out there, our AI-powered stock picks stocks before they become too expensive, thus not just following a "momentum" model.
That's how our composed Tech Titans strategy managed to simply obliterate the market since our official launch in November last year (numbers as of premarket today):
Tech Titans: +79.00% S&P 500: 31.10%
This is not a backtest; this is real-world performance, unfolded in real time to our users. In fact, our backtest suggests that going for the long run will give you even heftier gains. See chart below for reference.
Source: ProPicks
This means a $100K principal in our strategy would have turned into an eye-popping $1,879,800K by now.
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