Goldman Sachs named a slew of stocks to buy following a busy earnings season.
Sifting through the flood of financial reports this week, Goldman Sachs analysts have named a slew of stocks poised for more growth ahead. Prior to these reports investors were afraid earnings would slow down, but the majority of companies are managing to post results that are better than feared. Of the 267 companies in the S & P 500 that have released earnings to date, 78% topped analyst expectations, according to Refinitiv.
Pro combed through top Goldman Sachs research to find the firm's favorite ideas coming out of quarterly reports. They include Hershey , Amazon , Planet Labs, Constellation Brands and Braze. Planet Labs The earth imaging company reported a mixed fourth-quarter report on March 29, but analyst Noah Poponok is standing by the stock. He called Planet Labs a "compelling long-term story" that investors should keep close watch on.
's Q1'23 earnings report produced a strong set of results with almost every Q1 operating metric beating expectations ." Hershey "HSY reported robust 1Q results, on strong organic sales and greater than expected gross margin expansion. Importantly, the company raised its full year outlook at the high end of prior range, with ~8% net sales growth and ~11% adj. EPS growth for the year, which follows an above-consensus initial outlook heading into the year.
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