From NASDAQ MarketSite: 2024-07-26 07:16:00

In the early stages of the second-quarter 2024 earnings season, 134 companies of the S&P 500 Index reported better-than-expected financial results. Earnings for these companies increased by 7.6% from the same period last year with 81.3% beating EPS estimates.

Especially after the impressive bull run led by big technology stocks, investors are advised to consider beaten-down stocks with a favorable Zacks Rank and potential for an earnings beat. Investing in these stocks may lead to positive returns after their earnings release.

PayPal Holdings Inc. (PYPL) is expected to benefit from the growth in total payments volume, strong customer engagement, and improving monetization efforts. The company’s core services and stable merchant services have contributed to a positive trajectory, with accelerating transaction revenues driving overall performance.

American Tower Corp. (AMT), a real estate communication portfolio, is well-positioned for growth with increased capital expenditure by wireless carriers to support 5G network deployment. Long-term leases and continued investments in macro-tower expansion support AMT’s robust financial position.

Xcel Energy Inc. (XEL) is set to gain from its capital investment plan geared towards clean power generation and infrastructure strengthening. The company aims to reduce emissions significantly by 2030 and achieve carbon neutrality by 2050, with expanding customer base and rising demand acting as tailwinds.

The AES Corp. (AES) is leading the transition to clean energy with investments in renewable power sources and sustainable growth efforts. EVs and data centers are projected to significantly increase power demand in the U.S., with AES well-positioned to capitalize on the accelerating energy consumption trend.

American Homes 4 Rent (AMH) is a major player in the single-family rental home market, focused on simplifying the leasing experience for households across the country. The company’s strategic approach to acquiring, developing, and managing rental properties positions it for sustainable growth and long-term success.



Read more at NASDAQ MarketSite:: Buy 5 Beaten-Down Stocks Set to Beat on Earnings Next Week