A handful of tech companies, including Amazon, are set to report their earnings this week:
Several of the "Magnificent Seven" tech giants, including Apple, Microsoft, Meta Platforms, and Amazon, will release their earnings on Wednesday and Thursday:
CNBC Pro screened data from FactSet to find S&P 500 companies that have seen accelerated earnings momentum:
- Analysts have raised their earnings estimates by at least 10% in the past three and six months:
- At least 55% of analysts have rated the stocks as buy or overweight:
- The average upside to the price target is 20% or more:
Amazon sits at the top of the list and is expected to report earnings on Thursday:
Investors have high expectations, with earnings estimates revised up by over 400% in the past 90 days:
Truist Securities reiterated its buy rating and price target of $320, indicating a 38% increase:
Other companies on the list include IQVIA Holdings, Vertiv Holdings, Generac Holdings, CBRE Group, and Cigna:
