Stocks

Investors, Enhance Your Portfolio with These Tech Stocks Poised to Outperform Earnings Estimates

Published May 15, 2024

For investors aiming to boost their returns by identifying stocks likely to surpass quarterly earnings expectations, a key resource to utilize is the Zacks Earnings ESP (Expected Surprise Prediction). This tool helps detect companies with the highest probability of beating earnings estimates, based on the most recent analyst revisions. By focusing on the latest analyst forecasts, the Earnings ESP attempts to provide a leading edge in earnings season investment strategies.

Applied Materials, Inc. AMAT – A Tech Sector Powerhouse

Within the semiconductor industry, AMAT stands tall as a leading provider of manufacturing equipment, services, and software. As crucial components in the production of electronics, flat panel displays for an array of devices, and solar products, AMAT's offerings play a significant role in powering our modern digital world from its strategic base in the heart of Silicon Valley. Additionally, they serve the growing market for flexible electronics coatings, bringing innovation to electronics packaging and other applications. Investors eyeing the tech sector should not overlook AMAT as a promising candidate for earnings outperformance.

Western Digital Corporation WDC – At the Core of Data Storage Innovation

Another contender for an earnings surprise is WDC, widely recognized as Western Digital. Operating from San Jose, California, WDC is acclaimed for its broad range of data technology products. From pioneering storage devices and data center systems to state-of-the-art cloud storage services, WDC's solutions are integral to managing, preserving, and capitalizing on the world's data. As the data revolution continues to accelerate, WDC's footing in the technology market suggests it might deliver stellar earnings results, rewarding investors looking for solid performance in the tech arena.

investing, earnings, technology