News Formal

These stocks beat earnings and should outperform in months ahead, Wolfe Research says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 72%

Servicenow Inc News

Molina Healthcare Inc,Goldman Sachs Group Inc,S&P 500 Index

Wall Street is in the thick of earnings season, and some companies that have already reported could outperform going forward, Wolfe Research found.

More than 40% of S & P 500 companies have already reported their latest quarterly results. Nearly 76% of those have posted an earnings surprise to the upside, according to FactSet. On revenue, 60% of companies have beaten expectations. "Price action trends saw a reemergence last quarter as companies beating on the top and bottom-lines saw outsized relative performance. With 3Q reporting season coinciding with the U.S.

"Goldman Sachs is undergoing a transition to become a more stable firm, with greater contributions from durable revenue streams," Wells Fargo analyst Mike Mayo wrote. "GS also looks to expand its addressable market in areas of strength such as investment banking and lending to corporate clients." Molina Healthcare also made the list. Shares rallied nearly 18% on Thursday after the health-care company posted earnings and revenue beats. Molina Healthcare earned an adjusted $6.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks the most at risk from tariffs and other ways to play the election, per Wolfe ResearchStocks with higher overseas exposures could suffer under Trump's proposed economic tariffs, Wolfe Research said.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street analysts get it wrong on two of our portfolio industrial stocksNew research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.
Source: CNBC - 🏆 12. / 72 Read more »