From Nasdaq: 2024-11-13 02:20:00

Zacks.com highlights 5 U.S. corporate behemoths for short-term momentum plays: Amazon.com Inc., KLA Corp., Newmont Corp., Uber Technologies Inc., and S&P Global Inc. The stock market’s impressive rally in 2023 is expected to continue, with solid economic fundamentals and earnings growth. The Fed’s rate cuts also contribute to the positive outlook.

Amazon.com Inc. saw strong third-quarter results, driven by Prime and AWS momentum. The stock has a 13.7% upside potential, with expected revenue and earnings growth rates of 10.8% and 78.3% for the current year. KLA Corp. benefits from wafer inspection demand, with a price upside potential of 20.8% and strong revenue growth.

Newmont Corp. is making progress with growth projects, especially in the gold market. The stock has a price upside potential of 31.6%, with expected revenue and earnings growth rates of 53.3% and 95.7%. Uber Technologies Inc. benefits from its Delivery business and recovery in Mobility operations, with a price upside potential of 26.8% and strong growth projections.

S&P Global Inc. stands to gain from the demand for business information services. The stock has a price upside potential of 15.8%, with expected revenue and earnings growth rates of 12% and 20.1%. Zacks Investment Research suggests considering these top stock picks for potential gains in the short term.



Read more at Nasdaq: The Zacks Analyst Blog Amazon, KLA, Newmont, Uber Technologies and S&P Global