3 Blue-Chips Primed for Growth This Earnings Season
As we enter a new earnings season, optimism about the economy is tempered by potential headwinds. Analysts predict 5% YOY earnings growth for S&P 500 companies, with tech stocks leading the way. Uncertainty around tariffs and slow growth rates are key factors affecting forecasts and investment decisions.
Alphabet Inc. (NASDAQ: GOOGL) reported a 12% YOY revenue increase and 49% YOY EPS growth in Q1. Google Cloud is growing rapidly, and the company is investing in innovative technologies like autonomous driving. Analysts forecast a 13% upside for GOOGL stock, making it an attractive investment option.
Eli Lilly & Co. (NYSE: LLY) leads in the GLP-1 category with promising drugs like Mounjaro and Zepbound. The company’s pipeline includes treatments for Alzheimer’s and cancer, driving future growth. Despite a recent dip in stock price, LLY stock beat earnings estimates and is expected to grow by over 34% in the next year.
JPMorgan Chase & Co. (NYSE: JPM) remains a solid choice for investors, with a 256% total return in the last five years. The bank’s strong balance sheet positions it well in uncertain market conditions. While modest earnings growth is expected, JPM stock offers a 1.92% dividend yield and stability even in changing interest rate environments.
Read more at Nasdaq: Don’t Miss Out: 3 Blue-Chips Set to Pop This Earnings Season