Analysts have been waiting ahead of some earnings reports. About 150 S&P 500 companies are scheduled to report next week, including Microsoft, Coca-Cola and Boeing. Investors will be looking for clues on how U.S. companies are doing, especially with the broad market index near its highest level in more than a year. Earnings season has been a mixed bag. Of the more than 70 companies in the S&P 500 that have reported results, 78% have beaten expectations, according to Nick Raich of The Earnings Scout. That beat rate is below the three-year average of 80%. That said, some companies showed strong momentum in their reports. CNBC Pro screened the S&P 500 for stocks that meet the following criteria: Scheduled to report next week EPS expected to rise 10% or more over the past three months EPS expected to rise at least 10% over the past six months Here are the six stocks that made the cut. Tech giant Meta Platforms is scheduled to report earnings on Wednesday, with earnings estimates raised by more than 21% over the past three months. Those forecasts have also risen 57% over the past six months. Meta shares have been on fire this year as Facebook’s parent company cut costs and investors sought to cash in on the artificial intelligence boom. The stock is up more than 150% so far this year. JPMorgan analyst Doug Anmuth has an overweight rating on the stock, calling it a top pick. “The online advertising market has been volatile over the past few quarters due to ongoing macro volatility, platform privacy changes and increased competition. However, based on recent surveys, we believe that the broader market has stabilized and advertiser sentiment has improved in the second quarter, although the macro backdrop remains challenging,” he wrote on Thursday. General Motors also made the list. The auto giant’s average EPS estimate has risen 22% over the past three months. Over the past six months, the metric has grown 18%. Shares of GM have lagged the market slightly this year, but have gained 16% over the past three months. Last month, the company struck a deal with Tesla that would allow it to use the electric carmaker’s charging network. The company is scheduled to report earnings before the bell on Tuesday. GM YTD Mountain General Motors 2023 Another promotional name is PulteGroup. Analysts have raised their earnings estimates by an average of 38% over the past three and six months. Shares up more than 70% in 2023. On Thursday, the stock hit an all-time high. Other stocks on the list include Alaska Air, Paccar and Royal Caribbean. —CNBC’s Michael Bloom contributed reporting.
Analysts get bullish on stocks due to report next week, including Meta
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