Goldman Sachs says buy these stocks now, ahead of their earnings
The firm said this week that it sees several quality buying opportunities ahead of companies' quarterly reports.
TL;DR
- Goldman Sachs identifies buying opportunities in stocks like Disney, UPS, Omnicom, Nu Holdings, and Baker Hughes ahead of Q3 earnings.
- Disney is seen as a multi-year earnings compounder with early stages of a product and experiences investment cycle.
- Baker Hughes is expected to see margin and revenue growth due to operational and geographic synergies from the Chart Industries acquisition.
- Nu Holdings is favored for its potential in U.S. consumer credit lending through its digital approach.
- UPS is anticipated to show consistent profit growth after the Amazon volume drawdown and cost reduction.
- Omnicom is expected to see growth driven by double-digit increases in media, benefiting from strong end-market growth.