Welcome to Extreme Investor Network, where we provide you with unique insights and expert advice on all things investing. As earnings season heats up, Morgan Stanley has identified a group of stocks that could potentially see a surge in quarterly results.
According to equity strategist Michelle Weaver, the market is anticipating a potential bottom in earnings for the first quarter, followed by a sequential recovery in the second quarter and an expansion in the second half of the year. In light of this, analysts at Morgan Stanley have highlighted a list of stocks that they believe could experience a significant catalyst in the near term.
Among their top stock picks are e-commerce giant Amazon and artificial intelligence company Nvidia. Despite already having a strong start to 2024, Morgan Stanley believes that both of these companies have room for further growth.
Nvidia, which has seen a 70% increase in its stock price this year, is set to report its quarterly results on May 22. Analyst Joseph Moore is optimistic about the company’s performance, citing robust demand for AI as a key driver. He expects Nvidia to beat consensus estimates for the quarter and provide strong guidance, leading to positive EPS revisions.
On the other hand, Amazon, which has seen a 19% increase in its stock price in 2024, is expected to show progress in reducing its “cost to serve.” Analyst Brian Nowak anticipates a profit beat for the company in the first quarter, driven by operational improvements and cost efficiencies.
At Extreme Investor Network, we believe that staying informed about the latest market trends and stock recommendations is crucial for a successful investment strategy. Be sure to keep an eye on these potential winners as they gear up to announce their quarterly results. Stay tuned for more exclusive insights and analysis on our platform to help you make informed investment decisions.
