Unlocking Potential: Top Stocks to Watch Ahead of Earnings Reports
As an investor, staying ahead of the curve is crucial to maximizing your returns. Goldman Sachs recently released a list of buy-rated stocks that are poised for major upside ahead of their earnings reports. At Extreme Investor Network, we’ve combed through their research to showcase the most promising opportunities in the market right now.
1. Affirm
Despite a 48% decrease in their stock value this year, Affirm is catching the eye of investors. Analyst Will Nance believes the negative sentiment surrounding the buy now, pay later company is overdone. With a partnership with Apple Pay on the horizon and growth tailwinds from this collaboration, Affirm is positioned as a long-term secular winner in the market.
2. Li Auto
For those looking to invest in the new energy vehicle (NEV) space, Li Auto is a top player with 5% market share in China. As the company prepares to launch five new models and expand its sales network with 400 new stores in 2024, it is projected to experience the fastest earnings growth among China auto OEMs. Keep an eye on Li Auto as it continues to dominate the NEV market.
3. Madison Square Garden Entertainment
With assets unparalleled in the entertainment and sports industry, Madison Square Garden Entertainment is set to report earnings in mid-August. Analyst Stephen Laszczyk upgraded the stock to a buy rating, citing positive catalysts ahead. The company’s market characteristics, such as strong concert tours and fan demand for live entertainment, position it for increased venue utilization and pricing power.
4. Waystar
Debuting on the Nasdaq in early June, Waystar is a health-care payments service provider that has garnered attention from Goldman Sachs. Analyst Adam Hotchkiss highlighted Waystar’s undervalued platform and its unique position within the market. With a $15 billion total addressable market and a nascent market share of approximately 5%, Waystar is poised for compounding growth in the coming years.
5. CAE
As the market leader in commercial aviation simulation and training, CAE offers a highly regulated, recurring, and high-margin business model. Goldman Sachs’ SOTP analysis indicates that CAE’s stock is significantly undervalued, presenting a compelling opportunity for investors. With a competitive advantage stemming from its size and data quality for customers, CAE is positioned for continued success in the aviation industry.
At Extreme Investor Network, we strive to provide our readers with valuable insights and unique investment opportunities. By staying informed on top stocks ahead of their earnings reports, investors can position themselves for success in the ever-changing market landscape. Stay tuned for more updates and analysis on the latest trends in investing.