economy
These stocks reporting next week are seeing their earnings momentum rise
Stocks reporting earnings next week that are also seeing accelerating earnings momentum include Vertiv and Amazon.
TL;DR
- Next week features a substantial number of S&P 500 and Dow Jones Industrial Average companies reporting first-quarter earnings.
- Companies like Vertiv and Amazon are highlighted for experiencing accelerated earnings momentum, with revised upward earnings estimates and positive analyst price targets.
- Vertiv, a provider of infrastructure and data center services, has seen its shares surge 89% this year, with Bank of America reiterating a buy rating and increasing its price objective.
- Amazon is also expected to benefit from its upcoming earnings report, with Truist Securities maintaining a buy rating and an increased price target, anticipating growth acceleration in AWS, eCommerce, and Digital Ads.
- Major cloud service providers are projected to significantly increase their capital expenditures through 2027, driven by AI workloads and data center expansions.