As Wall Street gears up for another earnings season, analysts see some stocks better positioned than others for gains. The S & P 500 jumped a hair more than 7% in the first quarter of 2023, marking its second positive quarter in a row. A tech-stock rally helped fuel the broad market's rise, even overshadowing a regional banking crisis caused by the failure of Silicon Valley and Signature banks.
mountain Shares of Booking Holdings Another stock expected to outperform during earnings season is Paccar . The truck manufacturer's shares have surged more than 26% over the past 12 months , and analysts polled by Refiniv estimate the shares will gain another 9% over the next year. Per-share earnings estimates have increased 42% over the past six months. The Peterbilt and Kenworth truck maker has also seen its price target rise nearly 11% over the last three months.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 companies' earnings could drop as much as 7%: reportCorporate America is facing its bleakest first-quarter since the pandemic — S&P 500 companies' earnings could drop as much as 7%, new data says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news today: S&P 500 falls after jobs reportUS stocks fall as investors weigh how Friday's jobs data will impact the Fed's next rate decision stocks didn't 'fall', they were UP!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market analysis: 20 stocks make up nearly all S&P 500 gains this yearJust 20 stocks on the S&P 500 are responsible for nearly all its gains this year as Big Tech leads rally
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WSJ - 🏆 98. / 63 Read more »