Buy these five stocks ahead of earnings before it's too late, Bank of America says

📆 4/20/2024 5:40 AM
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Bank of America says investors shouldn't hesitate before picking up stock in these companies before they report their latest profits.

First quarter earnings season is underway and Bank of America has named a host of top picks heading into their latest profit reports. Fourteen percent of S & P 500 companies have reported earnings so far and, of those, 79% have posted results above analyst estimates, according to LSEG.

Pro combed through Bank of America research to find the firm's favorite buy-rated stocks ahead of company earnings. They include: CoStar Group, Fidelity National Information Services, Cisco, Home Depot and Adobe. Cisco Time to buy shares of the networking equipment maker. Bank of America upgraded the stock to buy from neutral earlier this week, citing several positive catalysts. In fact, analyst Tal Liani is so bullish on Cisco that he sees a "favorable setup for the next few years.

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