Buy these five stocks ahead of earnings before it's too late, Bank of America says

📆 4/20/2024 11:40 AM
📰 CNBC

⏱ Reading Time:
26 sec. here
12 min. at publisher
📊 Quality Score:
News: 49%
Publisher: 72%

Weekend Brief News

Breaking News: Investing,Costar Group Inc,Fidelity National Information Services Inc

Bank of America says investors shouldn't hesitate before picking up stock in these companies before they report their latest profits.

First quarter earnings season is underway and Bank of America has named a host of top picks heading into their latest profit reports. Fourteen percent of S & P 500 companies have reported earnings so far and, of those, 79% have posted results above analyst estimates, according to LSEG.

Pro combed through Bank of America research to find the firm's favorite buy-rated stocks ahead of company earnings. They include: CoStar Group, Fidelity National Information Services, Cisco, Home Depot and Adobe. Cisco Time to buy shares of the networking equipment maker. Bank of America upgraded the stock to buy from neutral earlier this week, citing several positive catalysts. In fact, analyst Tal Liani is so bullish on Cisco that he sees a "favorable setup for the next few years.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

British investment bank says buy defense stocks, brace for $100 oil and 10% stock market correctionTurmoil in the Middle East could cause dramatic moves in the financial markets, according to U.K. investment bank Liberum Capital.
Source: CNBC - 🏆 12. / 72 Read more »

Buy this beauty and cosmetics stock ahead of earnings reportBuy this beauty and cosmetics stock ahead of earnings report - Deutsche Bank
Source: Investingcom - 🏆 450. / 53 Read more »