These stocks could get a bump after reporting earnings next week

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Stock Markets,Intuitive Surgical Inc,S&P 500 Index

With sticky inflation and doubts about the Fed's rate-cutting in 2024, the market's health will depend on the state of corporate earnings.

With sticky inflation and increasing uncertainty about the Federal Reserve's rate-cutting path, first-quarter earnings could be the next-best sign of the stock market's health, and whether equities can make further progress or manage to hold on to recent gains. After a stellar first quarter, stocks have had a rough start to the second quarter, with all three major U.S. stock indexes trading in the red this month.

23 reflecting higher demand for its surgical robots used in minimally-invasive procedures. Citigroup recently raised its price target on Intuitive to $462 from $428 and kept a buy rating on the stock, saying in an early April note that the Food and Drug Administration's long-awaited approval of the company's Da Vinci 5 robotic surgery system should drive the stock higher.

 

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