A handful of stocks reporting results in the next few days could have the upper hand against their competitors. The coming week will be another busy one for third-quarter earnings, with nearly one fifth of the S & P 500 — or 96 companies — on deck to post their latest results. A variety of semiconductor makers, travel companies and restaurant names will headline the results over the next few days. So far, the earnings season has been a success.
"In addition to the potentially positive catalyst of lower mortgage rates for Zillow's core brokerage business, we see Zillow's software and services initiatives adding to potential upside risk to our estimates," wrote analyst Jay McCanless. McCanless raised his price target by 60%, to $80 from $50. This updated forecast implies that shares of Zillow could jump 39% from their Wednesday closing price.
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