economy
These stocks have the earnings mojo before they report next week
Several companies with earnings momentum at their back, including Amazon.com and Cigna Group, are slated to report first-quarter earnings next week.
TL;DR
- Over 160 S&P 500 companies, representing one-third of the index, will report Q1 earnings next week.
- CNBC Pro identified companies with accelerated earnings momentum, including Amazon and Cigna Group.
- Amazon's earnings estimates have risen significantly, driven by AWS growth and AI workloads; analysts expect a 25% acceleration in AWS revenue growth.
- Cigna Group's earnings estimates are up, with a business overhaul expected to boost performance, and analysts anticipate 10-15% annual EPS compound growth after 2026.
- Both Amazon and Cigna have strong analyst buy ratings and price targets suggesting potential upside.