Positive.

From Nasdaq: 2024-11-04 17:48:00

This week’s earnings lineup includes large-cap stocks like MercadoLibre MELI, Toyota Motor TM, and Qualcomm QCOM, all set to release their Q3 results on Wednesday, November 6. MercadoLibre is expected to show 40% sales growth and a 57% increase in earnings. Toyota Motor’s stock trades at less than 1X sales, while Qualcomm is projected to have a 14% increase in sales and a 27% spike in EPS for Q4.

Investors are eyeing MercadoLibre, Toyota Motor, and Qualcomm as potential top performers post-earnings, with favorable guidance expected. These stocks offer long-term investment potential and could be even more attractive in the event of a post-earnings selloff. Additionally, a single best stock pick has been identified with the potential to double in value, targeting millennial and Gen Z audiences with nearly $1 billion in revenue last quarter.



Read more at Nasdaq: 3 Large-Cap Stocks to Buy as Earnings Approach: MELI, TM, QCOM