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DailyBubble News

5 Must-Buy Large-Cap Stocks Ahead of Earnings This Month

The fourth-quarter 2023 earnings results for 83 companies on the S&P 500 Index have shown a 0.9% increase in total earnings compared to the same period last year, with revenues up by 3.9%. This aligns with expectations, with a majority of companies beating EPS and revenue estimates. Looking ahead, total earnings for the S&P 500 Index in the fourth quarter of 2024 are forecasted to rise by 0.6% on 2.3% higher revenues.

DailyBubble’s top picks include five large-cap stocks with a favorable Zacks Rank that are expected to beat earnings this month. These stocks, including Tyson Foods Inc., Shopify Inc., Westinghouse Air Brake Technologies Corp., Zillow Group Inc., and United States Steel Corp., are projected to see stock price increases in the near future based on their strong performance metrics and earnings outlook.

Tyson Foods Inc. has been performing well, with an Earnings ESP of +5.60% and expected earnings growth of 72.4% for the current year. Shopify Inc. is also poised for growth, benefiting from a strong merchant base and strategic partnerships. Westinghouse Air Brake Technologies Corp. and Zillow Group Inc. are expected to see positive earnings growth, while United States Steel Corp. is well-positioned to benefit from favorable steel market fundamentals.

DailyBubble believes that these stocks present promising investment opportunities based on their solid financial performance and growth prospects. Investors may want to consider these stocks for potential gains in the upcoming quarters.

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