These are Goldman's top tactical stock picks going into earnings season

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Stock Markets,Royal Caribbean Cruises Ltd,Nasdaq Inc

As first-quarter earnings kick off, Goldman Sachs shared its most out-of-consensus ideas with the potential for upward earnings revisions.

The earnings season is kicking off this week, and Goldman Sachs thinks investors can capitalize on short-term opportunities arising from the reports. JPMorgan Chase, Citigroup and Wells Fargo are slated to post first-quarter results Friday before the bell. These names could set the tone for the overall reporting period. Analysts expect the S & P 500 to have a year-over-year earnings growth rate of 3.2%, FactSet data shows.

Other catalysts include the company's private island expansion and fleet optimization, which includes several new ships. "The company will be the first to re-launch in China, the highest yielding market for RCL back in 2019 and sees ~60% premium pricing for the company's upcoming Asia voyages vs. other similar peer itineraries," Goldman said. Per Goldman, the options market is pricing in a move of 7.7% on earnings day.

 

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