Buy 5 Beaten-Down Stocks Set to Beat on Earnings Next Week

分组1: Earnings Overview - Total earnings for S&P 500 companies increased by 7.6% year-over-year, with revenues up by 4.7% [1] - 81.3% of companies beat EPS estimates, while 57.5% exceeded revenue estimates [1] - Expected earnings growth for the second quarter of 2024 is projected at 9.6% with a revenue increase of 4.9% [1] 分组2: Market Trends - Wall Street has experienced a bull run over the past 19 months, primarily driven by big technology stocks and the adoption of generative AI [2] - Many stocks, particularly in rate-sensitive cyclical sectors, did not participate in this rally, presenting potential investment opportunities [2] 分组3: Company-Specific Insights - PayPal Holdings Inc. (PYPL) is expected to benefit from growth in total payments volume and improved customer engagement, with an Earnings ESP of +2.96% for Q2 2024 [3][5] - American Tower Corp. (AMT) is well-positioned for growth due to increased demand from wireless carriers and has an Earnings ESP of +0.71% for Q2 2024 [7][8] - Xcel Energy Inc. (XEL) is focusing on clean power generation and has an Earnings ESP of +6.12% for Q2 2024 [10][11] - The AES Corp. (AES) is transitioning to clean energy and has an Earnings ESP of +10.20% for Q2 2024 [13][14] - American Homes 4 Rent (AMH) aims to simplify the leasing experience and has an Earnings ESP of +2.33% for Q2 2024 [16]