For a week, at least, Tesla Motors Inc (NASDAQ:TSLA)’s likely to be due for a breather. My first call is for this Wall Street darling to close lower on the week.
2.The Nasdaq Composite will beat the Dow Jones Industrial Average 2 Minute (INDEXDJX:^DJI) this week
Tech has been a big winner in recent years, so betting on tech over stodgy blue chips has been a good bet for me more often than not.
I’m going to stick with this pick. Most of the names in the composite are just too cheap at this point, and tech should be what carries us through the economic recovery. Earnings reports were rough in some places this past season, but the long-term outlook is still quite favorable. The market is ripe for the tech-stacked secondary stocks to continue to outpace the 30 megacaps that make up the Dow Jones Industrial Average 2 Minute (INDEXDJX:^DJI).
3. Bazaarvoice Inc (NASDAQ:BV) will beat Wall Street’s earnings estimates
Some stocks are just flat-out better than others.
Bazaarvoice Inc (NASDAQ:BV) is a leading provider of social commerce solutions. More than 1,000 retailers lean on Bazaarvoice Inc (NASDAQ:BV)’s data — covering more than 400 million questions and experiences on roughly 20 million different products — to drive sales, awareness, and customer loyalty.
Another thing it does is make analysts look like perpetual underachievers. If analysts say the company posted a loss of $0.08 a share in its latest quarter, I’ll argue that it held up better than that. History’s on my side!
One of my best tricks to beating the market is finding stocks that perpetually land ahead of the prognosticators. Let’s go over the past year of earnings reports.
Things can change, of course. Bazaarvoice Inc (NASDAQ:BV) isn’t profitable, so the beats so far have merely resulted in its posting a smaller loss than Wall Street was expecting. New projects or hiring sprees can bump costs and deficits higher. This is also a competitive market, as tech companies armed with data try to reach out to businesses.
However, it’s hard to argue against the trend. Everything seems to be falling into place for another market-thumping quarter on the bottom line.
Three for the road
Well, there are three predictions right there. Let’s see how I fare this week.
The article 3 Predictions for the New Week originally appeared on Fool.com is written by Rick Munarriz.
Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Tesla Motors and owns shares of Microsoft and Tesla Motors.
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