Investors anticipate increased volatility as earnings season approaches, with Amazon, Pure Storage, Freeport-McMoRan, and Caterpillar highlighted.

From Nasdaq: 2024-09-30 09:46:00

As investors gear up for the third quarter earnings season, stock markets may see increased volatility. Earnings reports, both lagging and leading indicators, can predict future stock price growth. Amazon (AMZN) is one company to watch closely this earnings season due to potential growth from its Prime Big Deal Days event.

Pure Storage Inc. (PSTG) offers an opportunity to invest in data center stocks. With a focus on data storage technologies, the company’s revenue mix is benefiting from the growing demand for AI applications. Despite a recent drop in stock price, analysts forecast positive earnings growth for PSTG.

The surge in gold and silver prices is catching the attention of investors, potentially benefiting mining stocks like Freeport-McMoRan Inc. (FCX). With a focus on copper mining, FCX is expected to see growth driven by increased copper demand, particularly from data centers. Analysts project 37% earnings growth for FCX.

Caterpillar Inc. (CAT) is poised to benefit from interest rate cuts, economic expansion, and infrastructure spending. Recent natural disasters, such as Hurricane Helene, will likely lead to increased public spending, further supporting CAT stock. Watch for guidance from Caterpillar for potential insights into future growth.



Read more at Nasdaq:: Earnings Season Countdown: 4 Stocks Poised for Growth