There’s a crisp chill in the air, pumpkin spice everything is being shoved down our throats, and the abomination that is candy corn is gracing the aisles of stores across America.
Yup, that’s right—it's Q3 earnings season.
And while we’ve already discussed the big picture, here are some specific stocks that analysts say will emerge as winners among a sea of mediocrity.
According to Bank of America analysts, a handful of companies are most likely to beat expectations based on their current valuations, how much further analysts believe they could run, and Q2 earnings performances.
The analysts searched for stocks that beat on both EPS and revenue last quarter, stocks that they think will beat EPS and revenue expectations even if the rest of Wall Street doesn't, and stocks that Bank of America gives a “buy” rating to.
The results are below:
- Ralph Lauren, reporting Nov. 8
- Meta Platforms, reporting Oct. 30
- Thermo Fisher Scientific, reporting Oct. 23
- 3M Co, reporting Oct. 22
- DTE Energy Co, reporting Nov. 1
- Qualcomm, reporting Nov. 6
But if BofA didn’t convince you, that’s fine. We’ll try another bank.
Goldman Sachs analysts parsed through options activity to find the companies that the market believes could move higher after their earnings announcements. They then whittled those down to stocks that have a “buy” rating from the firm’s analysts.
- Gap, reporting Nov. 15
- Citi, reporting Oct. 15
- Boston Scientific, reporting Oct. 23
- Broadcom, reporting Dec. 6
- Nvidia (surprise, surprise), reporting Nov. 21
So get on your jacket, jump in a pile of leaves, and prepare your portfolio for earnings season by buying these stocks ASAP.—LB
Making sense of market moves
Stay up to date on the latest market news with daily analysis of the investing landscape, served up Brew-style.