Get Ready for Earnings Season: Stocks to Watch This Year 📈
With earnings season in full swing, it’s crucial to keep an eye on companies that consistently exceed expectations and experience positive stock movement post-reports. Companies like Alphabet, Amazon, and Tesla are scheduled to report their earnings next week. Following the recent successful reports from major banks like Goldman Sachs, Morgan Stanley, and Bank of America, investors are eager to see if the trend continues with upcoming reports.
Stocks to Watch for Positive Performances 🚀
- Chipotle
- Beaten consensus estimates nearly 80% of the time
- Rallied an average of 1.8% on earnings day
- UBS predicts a positive outlook for Chipotle due to customer brand affinity and sales momentum
- Buy rating with a price target of $70, implying 31% upside
- ServiceNow
- 90% beat rate on earnings day
- Rallied 3.1% on average post-earnings
- Considered a top pick by Bank of America
- Buy rating with a target price of $900, suggesting 22% upside
- Deckers Outdoor
- 94% rate of surpassing expectations
- Average gain of 1.7% post-earnings
- Analyst sees buying opportunity following stock dip
- Outperform rating with a target price of $1,030, indicating 16% upside
Hot Take: Stay Tuned for Earnings Reports 📊
As the earnings season unfolds, it’s essential to monitor these companies that have a history of outperforming and driving positive stock movements. Keep a close watch on Chipotle, ServiceNow, and Deckers Outdoor as they gear up to release their latest earnings reports this year. 🌟
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