Every week, I take a look at a few companies that lapped their profit targets. Leaving Wall Street's pros with quizzical looks on their faces can be a good thing. It usually means the companies have more in the tank than analysts figured, and capital appreciation often follows.
Let's take a look at a few companies that humbled the prognosticators this past week.
We can start with Baidu.com
The bottom line would have clocked in ever chunkier if the company hadn't entered the Japanese search engine market earlier this year. Baidu has now beaten Wall Street's profit targets in five of the past six quarters.
After simply meeting expectations in each of this year's first two quarters, it's encouraging to see Akamai step ahead of the Wall Street crowd for a change.
Finally, we had Amazon.com
Amazon's win also came a week after smaller rival Overstock.com
So, keep watching the companies that lap expectations. Over time, it will be a rewarding experience for investors, as the market rewards the overachievers. That's the kind of surprise we look for in the Rule Breakers newsletter service. Want in? Check out a 30-day trial subscription.
Either way, come back next Monday to learn about more stocks that blew the market away.