economy
Bank of America says stocks like Apple have plenty of upside following earnings
The firm named five stocks that have more room to run following earnings.
TL;DR
- Bank of America identified Apple, Baker Hughes, Caterpillar, Evercore, and Disney as stocks with significant upside potential post-earnings.
- Caterpillar is seen as being in a 'sweet spot' with growth opportunities, despite already strong past performance.
- Baker Hughes' diversified business and strong execution are expected to offset short-term challenges.
- Apple benefits from gross margin upside, potential new products, a new CEO, and improved revenues.
- Evercore is well-positioned to capitalize on expected increases in M&A activity, particularly in tech and AI.
- Disney's outperformance is attributed to price increases, DTC profitability, improving theme park trends, and strong ad demand.