Welcome to Extreme Investor Network, where we provide unique insights and analysis to help you navigate the world of investing. Today, we’re diving into earnings season as it kicks into high gear, and Morgan Stanley has named a few stocks to buy ahead of their results.
One top pick is Colgate-Palmolive, a consumer products company with a solid track record. Analyst Dara Mohsenian is bullish on Colgate-Palmolive’s upcoming earnings report, citing positive catalysts like pricing power and share gains. The stock is up 23% this year, but Mohsenian believes there is still plenty of room for growth, especially in the company’s pet business.
Another standout stock on Morgan Stanley’s list is Apple. Analyst Erik Woodring has elevated the tech giant to top pick status, citing Apple Intelligence as a key catalyst for future growth. According to Woodring, the impending upgrade cycle for iPhones and iPads could drive record device upgrades, but this powerful tailwind is still underappreciated by the market.
Next up is Datadog, a cloud-scale applications software company that is set to report its earnings on August 8th. Despite a slight dip in share price this year, analyst Sanjit Singh believes the stock is worth buying ahead of earnings. Singh sees potential for sustained growth and margin upside, along with a slew of new products in the pipeline.
In addition to Colgate-Palmolive, Apple, and Datadog, Morgan Stanley also highlighted Spotify Technology and Nu Holdings as favorable picks ahead of earnings. Spotify’s recent price increases and strong margins have boosted analyst estimates, while Nu Holdings (Nubank) is poised for significant growth with the potential to reach a $100 billion valuation by 2026.
At Extreme Investor Network, we provide in-depth analysis and unique insights to help you make informed investment decisions. Stay ahead of the game with our expert analysis and stay tuned for more updates on the latest market trends and investment opportunities. Happy investing!