This is a big week for investors!

There are more companies expected to release earnings reports this week than any other week this season.

Which means we should see a lot of movement for individual stocks as investors digest the news.

My team and I are hard at work picking out the very best opportunities — and scouring these reports to find any hidden risks to the positions we're tracking.

But while we do our work behind the scenes to analyze these reports, I wanted to bring you three stocks that have already reported strong earnings.

As you'll see, these names are in a very important area of the market, benefiting from the global economic reopening.

You'll want to consider these stocks for your account right away — before they move any higher!

(As always, I'm sharing my video notes below in case you prefer to read through the details instead of watching)

Video Notes:

The industrial sector looks poised for big gains.

After a strong run earlier in the year, stocks in this group have been consolidating. Meanwhile, earnings are growing which gives the group more fuel to trade higher.

Shares of industrial stocks are somewhat expensive compared to historical earnings.

But as companies grow earnings and guide for higher profits next year, the higher stock prices look very reasonable.

Compared to other areas of the market, industrial stocks are still very cheap.

The industrial sector has been posting more job openings than other groups. This tells us that these companies are gearing up to expand in the weeks ahead!

Raytheon Technologies (RTX)

The company has two main divisions. Its commercial component is known for aviation technology and jet engines. And its defense business manufactures missiles, weapons systems, satellite communication programs and more.

RTX had a great earnings report last week, beating Wall Street expectations. The company earned $1.03 per share in profit -- well above the $0.93 target number.

Management increased its guidance for full-year profits thanks to its strong commercial aerospace business. The stock traded higher in response.

RTX pays a 2.35% dividend yield. If you buy shares today, you'll pay just about 17.6 times 2022 expected earnings.

That's well below valuations for many other areas of the market.

United Parcel Service (UPS)

UPS traded lower following its earnings report. But to put this in perspective, this comes after a sharp rally a few weeks ago. So the stock is still up quite a bit over the last year.

The company reported a strong quarter but told investors to expect growth in the coming year to be less than their growth last year.

No kidding!

This makes sense because last year was such a strong year for the company. It's natural for growth to come back to a more normal level.

It's still very encouraging that management expects profits to increase in the year ahead (on top of very strong results from the past year).

UPS is receiving more revenue per package, which means the company can pass higher inflation on to its customers.

The business generates a lot of cash each quarter. And that cash is being used both to pay down debt and also to pay dividends. Investors currently receive a 2.13% yield.

The stock's recent pullback gives you a chance to buy this quality company at a discount. Shares are now trading near 16.5 times next year's expected earnings.

With the bar set so low, there's now a lot more room for management to impress investors in the next earnings report this fall.

Honeywell International (HON)

Honeywell has its hands in many important areas of the economy. Its businesses operate in aerospace, buildings, chemicals & materials, healthcare, manufacturing and plenty of other sectors.

The stock is hitting new highs and is a big part of what is driving the overall industrial sector higher.

Its recent earnings report showed two areas of surprising strength.

First, investors were excited to hear about gains in the energy industry. With oil prices moving higher, energy companies are starting to drill again. Honeywell's services to this industry are naturally benefiting.

Also, HON reported strength in its factory automation business. Thanks to the tight job market, manufacturing companies need to figure out how to do more with fewer employees. So demand for automation is soaring.

The management team raised profit guidance, telling investors to expect more profits than previously anticipated.

The stock is a bit more expensive than other industrial companies, trading at 29 times this year's expected earnings. But with profits set to grow in years ahead, that multiple is starting to look a bit more reasonable. HON also pays a 1.6% yield.

All three stocks look like great investments thanks to strong earnings reports. And as we move through this important earnings season, my team and I will be sharing more attractive opportunities along the way. So stay tuned!

As always, I love hearing your feedback! Shoot me your candid thoughts on this video by emailing me at RichRetirementFeedback@StPaulResearch.com.

Or better yet, send me a tweet and let me know what you think!

Here's to living a Rich Retirement!

Zach Scheidt
Editor, Rich Retirement Letter
RichRetirementFeedback@StPaulResearch.com