There are a slew of top stocks to buy this earnings season, analysts say. Of the 245 companies in the S & P 500 that have reported earnings to date, 77.6% reported above analyst expectations, according to LSEG as of Friday.
Pro combed through the latest Wall Street research to find the most well-positioned stocks heading into earnings. They include Utz, Rivian , Roku and VF Corp. Roku Shares of the streaming media company are down 17% over the last three months, but don't be fooled, Evercore ISI analyst Shweta Khajuria, said earlier this week. The firm added a tactical outperform rating to the name, saying Roku shares are too attractive to ignore. Roku reports earnings on Nov.
underperforming despite 2023 estimates ticking up. … We are looking at potential Revenue growth acceleration and meaningful margin expansion in 2024. … Q3 Expectations—we expect a Beat … Based on our Ad checks, we are cautiously optimistic." Utz - Stephens, overweight rating "The vast majority of snacking categories continue to perform better than the total store and we believe these categories will show resiliency across various economic backdrops.
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