These well-liked stocks are cheap and set for big earnings growth

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Earnings season kicks off next week. Here are some cheap opportunities for investors.

Despite some uncertainty about the job market weighing on the stock market, there are good opportunities as investors gear up for earnings season. Companies will begin reporting their first-quarter financial results next week, beginning with Delta Air Lines, UnitedHealth and a number of large banks. First-quarter estimates for the S & P 500 are $50.71, down 5% from the same period last year, according to Refinitiv.

Pro used FactSet data to screen for names that are cheaper than the S & P 500, loved by Wall Street and expected to grow earnings this week. Each stock in the table below meets the following criteria: Forward price-to-earnings multiple less than 18 Expected earnings growth of at least 25% this year Buy ratings from at least 60% of analysts Here are the stocks: Delta , which will report next Thursday, has among the highest amount of buy ratings from analysts at 85.

Pro screen. Among the energy group, Halliburton has the biggest upside potential at about 49%. Ahead of it in earnings growth is Vici Properties , the real estate investment trust. It's poised to grow earnings 93.5% in 2023, with a forward price-earnings multiple of 13.1. Some 83% of analysts have buy ratings on Vici, and JPMorgan just added it to its April focus list . In tech, Microchip Technology 's earnings growth is projected at 30% and potential upside to its stock price at 19%.

 

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