Which Large-Cap Stocks Are Winning This Earnings Season? 15 Stocks To Watch (April 28-May 4, 2024)

Author: Lekha Gupta | May 05, 2024 08:48pm

These large-cap stocks were the best performers in the last week amid earnings season. Are they in your portfolio?

1. Carvana Co. (NYSE:CVNA) shares escalated 39.1% after it reported Q1 revenue of $3.061 billion, which beat the consensus estimate of $2.673 billion. Several analysts raised their forecasts.
2. NIO Inc. (NYSE:NIO) shares jumped 21.5% after the company's April vehicle deliveries increased 134.6% year-over-year.
3. Paramount Global (NASDAQ:PARAA) shares surged 21.5% after it reported first-quarter revenue of $7.685 billion, which missed the consensus estimate of $7.732 billion. The company said CEO Bob Bakish is stepping down from the studio. Paramount reportedly got a $26 billion acquisition offer from Sony Group Corporation (NYSE:SONY) and Apollo Global Management, Inc. (NYSE:APO).
4. Tenet Healthcare Corporation (NYSE:THC) shares rose 20.0% after it reported first-quarter sales of $5.37 billion — beating the consensus of $5.15 billion — and also raised the FY24 outlook. Multiple firms raised their respective price targets on the stock.
5. Pinterest, Inc. (NYSE:PINS) shares increased 19.9% after the company reported first-quarter revenue of $740 million, which beat the consensus estimate of $699.872 million and a loss per share of $0.04, which beat analyst estimates for a loss of $0.09 per share. Several analysts raise forecasts on the stock.
6. Bio-Techne Corp (NASDAQ:TECH) increased 17.2% following upbeat Q3 quarterly results and the announcement of a distribution agreement with Thermo Fisher Scientific.
7. Howmet Aerospace Inc. (NYSE:HWM) shares were up 14.9%  after the company reported better-than-expected Q1 revenue of $1.82 billion, beating the consensus of $1.736 billion, and adjusted EPS stood at $0.57, beating the consensus of $0.52. Few analysts raised the price target on the stock.
8. Garmin Ltd. (NYSE:GRMN) shares grew 13.9% after it reported first-quarter FY24 revenue of $1.38 billion, beating the consensus of $1.25 billion and proforma EPS of $1.42 beat the consensus of $1.01. Some analysts raised the price target on the stock.
9. Moderna, Inc. (NASDAQ:MRNA) shares are up 12.5% after it reported sales of $167 million, beating the consensus of $97.5 million, and reported smaller-than-expected Q1 losses.
10. Snap Inc. (NYSE:SNAP) shares are up 12.5%. The company reported better-than-expected first-quarter results last Thursday. 
11. Woodward, Inc. (NASDAQ:WWD) shares increased 11.2% after the company reported better-than-expected Q2 financial results and raised FY24 guidance.
12. KE Holdings Inc. (NYSE:BEKE) shares are up 9.7%.
13. JD.Com, Inc. (NASDAQ:JD) shares grew 9.2%.
14. Amcor Plc (NYSE:AMCR) shares gained 9.1%.
15. Mobileye Global Inc. (NASDAQ:MBLY) shares rose 8.9%.

See Also: Last Week’s Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

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Posted In: AMCR APO BEKE CVNA GRMN HWM JD MBLY MRNA NIO PARAA PINS SNAP SONY TECH THC WWD