Summary: Five hot stocks to watch in Q2 earnings season for potential growth opportunities.

The second quarter earnings season is here, with many stocks trading at new highs. Focus on technology, travel, and retail stocks rather than banks this season. Keep an eye on these 5 hot stocks with strong earnings track records and potential for growth.

1. Costco Wholesale Corp. (COST) is near all-time highs with a solid earnings surprise track record, only missing 3 times in the last 5 years. The stock is up 7.3% this year with a forward P/E ratio of 55.

2. Palo Alto Networks, Inc. (PANW) is a cybersecurity company with a perfect earnings surprise record for 5 years. Shares are up 10.3% year-to-date, hovering near 5-year highs.

3. Microsoft Corp. (MSFT) is a tech giant with a great surprise record, missing only once in the last 5 years. The stock is up 18.2% this year, hitting new all-time highs.

4. Royal Caribbean Cruises Ltd. (RCL) has a strong earnings surprise record, not missing since early 2022. Shares are up 44.2% this year, trading at an attractive P/E ratio of 21.7x forward earnings.

5. D-Wave Quantum Inc. (QBTS) had a big earnings beat last quarter, but had missed in the two prior quarters. Despite no positive earnings yet, shares are up 92.4% in 2025.

Watch these stocks during the earnings season for potential boosts and growth opportunities.

Read more at Nasdaq: 5 Hottest Charts to Watch in Q2 Earnings Season