Goldman Sachs says these 'compelling' stocks are earnings season winners

Sifting through the flood of financial reports this week, Goldman Sachs analysts have named a slew of stocks poised for more growth ahead. Prior to these reports investors were afraid earnings would slow down, but the majority of companies are managing to post results that are better than feared. Of the 267 companies in the S & P 500 that have released earnings to date, 78% topped analyst expectations, according to Refinitiv.

Pro combed through top Goldman Sachs research to find the firm's favorite ideas coming out of quarterly reports. They include Hershey , Amazon , Planet Labs, Constellation Brands and Braze. Planet Labs The earth imaging company reported a mixed fourth-quarter report on March 29, but analyst Noah Poponok is standing by the stock. He called Planet Labs a "compelling long-term story" that investors should keep close watch on.

's Q1'23 earnings report produced a strong set of results with almost every Q1 operating metric beating expectations ." Hershey "HSY reported robust 1Q results, on strong organic sales and greater than expected gross margin expansion. Importantly, the company raised its full year outlook at the high end of prior range, with ~8% net sales growth and ~11% adj. EPS growth for the year, which follows an above-consensus initial outlook heading into the year.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Goldman Sachs and Morgan Stanley say these chip stocks have more upside — giving one nearly 50%Chip stocks have rebounded this year after performing poorly in 2022. CNBC Pro takes a look at semiconductor stocks that the banks are giving further upside to.
Källa: CNBC - 🏆 12. / 72 Läs mer »

First Republic asset sales would pose 'contained damage' to residential mortgage bond market, says GoldmanAny rescue plan of First Republic Bank that includes sales of its government backed housing bonds is unlikely to stress the market, says Goldman Sachs.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Stock market news: Investors eye Big Tech earnings, US GDP growthUS stocks rise as Big Tech earnings stay strong and US GDP growth slows
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Stock market today: Meta's surge fuels big Wall Street rallyWall Street rallied to its best day since January after Meta Platforms became the latest Big Tech company to blow past profit forecasts.
Källa: KPRC2 - 🏆 80. / 68 Läs mer »