Invest in top business service stocks like Mastercard, S&P Global, and Trane Technologies
From Nasdaq: 2024-10-23 07:20:00
The U.S. Business Services sector has weathered high interest rates and inflation in the past three months, with Zacks ranking it in the top 32% of sectors. Investing in top performers like Mastercard Inc., S&P Global Inc., and Trane Technologies plc could yield high returns. Revenues, income, and cash flows for the sector are expected to reach pre-pandemic levels.
Adapting to post-pandemic changes, Business Services firms focus on technology, digital transformation and cybersecurity to stay competitive. Strategic initiatives aim to leverage the strong U.S. economy, targeting end markets for sustained growth. Three stocks with a Zacks Rank #2 (Buy) and positive earnings outlook are poised for growth and may outperform the market.
Mastercard Inc. has shown consistent revenue growth and strong market position, driven by increased consumer spending and cross-border transactions. The company has an Earnings ESP of +0.94% and is expected to report positive Q3 results with revenues of $7.25 billion and EPS of $3.73. With favorable earnings estimates and positive revisions, MA stock is positioned for growth.
S&P Global Inc. benefits from a growing demand for business information services and innovative products. The company, with an Earnings ESP of +1.84%, is expected to report strong Q3 results with revenues of $3.44 billion and EPS of $3.64. Positive earnings estimates and consistent growth initiatives make SPGI stock a solid investment choice.
Trane Technologies plc benefits from the Commercial HVAC markets and business transformation initiatives. With an Earnings ESP of +1.17%, the company is expected to report robust Q3 results with revenues of $5.31 billion and EPS of $3.23. Positive earnings estimate revisions point to sustained growth for TT stock. Position: Stocks highly likely to double in value in the future, including Mastercard Incorporated, Trane Technologies plc, and S&P Global Inc.
Read more at Nasdaq:: Buy 3 Business Services Stocks Set to Beat on Q3 Earnings This Month