These stocks reporting earnings next week have momentum on their side

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These stocks reporting earnings next week have momentum on their side

Several companies that report earnings results next week may see their stocks get a post-earnings bump, if history is any indication, according to Bespoke Investment Group. …

Several companies that report earnings results next week may see their stocks get a post-earnings bump, if history is any indication, according to Bespoke Investment Group. More than a dozen firms in the S & P 500 , including Nvidia and Ralph Lauren , are slated to share their financial results with investors, beginning on May 18. The companies span several industries, from electronic testing and measurements to retail and semiconductors. The spate of reports comes as the blockbuster first-quarter financial reporting period is nearing an end. About 90% of S & P 500 firms have reported earnings for the first quarter, per FactSet. Of those companies, 84% posted earnings results that exceeded the mean EPS estimate, marking an exceptionally strong season. Bespoke Investment Group looked through data for S & P 500 companies on next week's calendar that should see some upside. It screened for stocks that met the following criteria: Reporting next week EPS beat rate of 75% or more Earnings day gain of 1% or more Here are a few of the names that made the cut. Nvidia The semiconductor name could get a boost next week, if the stock follows its usual post-earnings trajectory. Its fiscal first-quarter results are scheduled to come out on May 20. The largest stock by market capitalization in the S & P 500 has surged 74% over the past year amid an acceleration in artificial intelligence adoption. …

Original source: CNBC Top News

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AI · Nvidia · FactSet · S & P 500