Earnings momentum: Analysts are raising expectations on these stocks going into their reports

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These S&P 500 stocks are expected to outperform as Wall Street enters another earnings season.

As Wall Street gears up for another earnings season, analysts see some stocks better positioned than others for gains. The S & P 500 jumped a hair more than 7% in the first quarter of 2023, marking its second positive quarter in a row. A tech-stock rally helped fuel the broad market's rise, even overshadowing a regional banking crisis caused by the failure of Silicon Valley and Signature banks.

mountain Shares of Booking Holdings Another stock expected to outperform during earnings season is Paccar . The truck manufacturer's shares have surged more than 26% over the past 12 months , and analysts polled by Refiniv estimate the shares will gain another 9% over the next year. Per-share earnings estimates have increased 42% over the past six months. The Peterbilt and Kenworth truck maker has also seen its price target rise nearly 11% over the last three months.

 

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