5 Blue-Chip Stocks to Buy Ahead of Earnings Results

From NASDAQ.:

The initial stage of the fourth-quarter 2024 earnings season is underway, with 29 S&P 500 companies having reported. Total earnings are up 7.6% and revenues are up 6%, with 93.1% beating EPS estimates and 55.2% beating revenue estimates. Earnings are expected to be up 0.1% on 2.2% higher revenues for the quarter.

A handful of Dow stocks with a favorable Zacks Rank are predicted to beat earnings results. Investment in these stocks is recommended.

Apple Inc. anticipates strong demand for iPhone and expects year-over-year revenue growth for Mac. The company will release its earnings results on Feb 1, after the closing bell.

The Boeing Co. is expected to continue its dominance in aircraft manufacturing, with over 300 commercial airplane orders in the third quarter. Its Defense, Space & Security segment is also likely to see growth.

The Coca-Cola Co. has seen robust sales and earnings trends and expects organic revenue growth of 10% for 2023. The company will release its earnings results on Feb 13, before the opening bell.

The Procter & Gamble Co. has seen consistent top and bottom line beats, with an optimistic fiscal 2024 view. The company will release its earnings results on Jan 23, before the opening bell.

The Travelers Companies Inc. has a solid market presence and expects growth in its personal line of business. The company will release its earnings results on Jan 19, before the opening bell.



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