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6 Stocks Set to Report Earnings Next Week
Tech Giant Meta Platforms
Tech giant Meta Platforms is set to report earnings next Wednesday. Over the past three months, the company has seen its earnings estimates increase by more than 21%. In the past six months, those forecasts have gone up by 57%. Meta shares have had a strong year so far, with a 150% increase. JPMorgan analyst Doug Anmuth has given the company an overweight rating and called it a top pick ahead of the report.
Automotive giant General Motors is also among the stocks set to report earnings next week. Over the past three months, the average earnings per share estimate for the company has gone up by 22%. In the past six months, this metric has increased by 18%. While GM shares have slightly lagged behind the market this year, they have still seen a 16% increase in the past three months. The company recently reached a deal with Tesla that gives it access to the EV maker's charging network.
PulteGroup is another company on the list of stocks reporting earnings next week. Analysts have raised their earnings estimates for PulteGroup by 38% in both the past three months and the past six months. The company's shares have seen a significant increase of over 70% in 2023, and on Thursday, the stock hit a record high.
Other Stocks on the List
In addition to Meta Platforms, General Motors, and PulteGroup, three other stocks are set to report earnings next week. Alaska Air, Paccar, and Royal Caribbean have also met the criteria for this list. These companies will provide valuable insights into the performance of different sectors and give investors an idea of how well corporate America is doing as the market index trades near its highest levels in over a year.
Conclusion: The Impact on New Businesses
As six major stocks prepare to report their earnings next week, it is crucial for new businesses to pay attention to the market trends and implications. These earnings reports can offer valuable insights and potentially impact the business landscape in several ways.
For new businesses in the tech industry, the earning report of Meta Platforms is especially significant. With its consistently increasing earnings estimates and a strong year in terms of stock performance, Meta Platforms' performance may indicate the overall health of the tech sector. This can provide insights into consumer preferences and technology trends that can help new businesses tailor their strategies and offerings.
Similarly, General Motors' earnings report can have implications for businesses in the automotive industry. As the company has recently reached an agreement with Tesla to access its charging network, the report can shed light on the electric vehicle market's growth and potential opportunities for new businesses operating in the EV space.
Additionally, the robust earnings estimates and record-high stock prices of PulteGroup suggest a thriving housing market. New businesses related to construction, home improvement, or real estate can use this information to evaluate market demand and potential areas of growth.
Furthermore, the earnings reports of Alaska Air, Paccar, and Royal Caribbean can provide insights into the performance of the travel and leisure sectors. These sectors have faced significant challenges due to the pandemic, and their recovery is crucial for new businesses operating in industries such as tourism, hospitality, or transportation.
In conclusion, the upcoming earnings reports of these six stocks can offer valuable information for new businesses in various sectors. By analyzing the financial performance and market trends highlighted in these reports, new businesses can make informed decisions, adapt their strategies, and seize potential opportunities based on the current business landscape.
Article First Published at: https://www.cnbc.com/2023/07/20/analysts-are-getting-bullish-on-these-stocks-slated-to-report-next-week-including-meta.html