From Nasdaq: 2024-05-09 17:00:00

Earnings season continues with positive results, +5.0% earnings growth and +4.2% higher revenues reported by S&P 500 companies. Outlook for 2024 Q2 cycle and full year also optimistic, reflecting a 9% rebound. Post-earnings positivity seen in companies like Apple, Texas Instruments, and Crocs, with buybacks and sales exceeding expectations.

Apple’s earnings beat with a 1.3% rise in sales and a record-breaking $110 billion buyback. Texas Instruments posted a 13% earnings beat and $6.3 billion cash flow from operations. Crocs reported a 34% earnings beat and a 6% rise in sales, raising adjusted EPS guidance for Q1.

Optimism surrounds upcoming earnings reports, with Apple, Texas Instruments, and Crocs experiencing buying pressure post-earnings. Additionally, an American AI company with promising prospects for exponential growth has been identified as a top pick by Zacks Investment Research analysts.



Read more at Nasdaq: 3 Stocks to Buy Following Positive Earnings Results