From Nasdaq: 2024-05-07 15:34:00

During earnings season, standout performers emerged, exceeding expectations and offering strong growth potential. Amazon’s recent earnings report showcased robust profits, particularly in its cloud computing division AWS, with a 17% YoY growth and $25 billion revenue for the quarter. Coinbase Global also reported stellar earnings, beating estimates and benefiting from the cryptocurrency market. Transdigm Group saw a 20.5% revenue jump and significant net income increase, reflecting recovery in the aerospace industry.

Amazon, Coinbase Global, and Transdigm Group are top picks post-earnings, backed by Zacks Rank ratings. Amazon’s forecasted 29.6% annual EPS growth is impressive, while Coinbase has a Zacks Rank #1 (Strong Buy) and significant earnings upgrades. Transdigm Group, a lesser-followed stock, consistently delivers strong returns and has a promising outlook in the aerospace sector.

Investors seeking opportunities post-earnings should consider these top performers. The market historically remains bullish in presidential election years, regardless of the party in power. Zacks offers a Special Report with 5 stock picks with substantial upside potential for both Democrats and Republicans, covering diverse sectors like medical manufacturing, rental, energy, aerospace, and defense, and chipmaking industries.

Read more at Nasdaq: 3 Must-Buy Stocks Buy Following Earnings