Group 1: Earnings Season Overview - The upcoming earnings season is expected to cause significant stock movements as investors react to company results and guidance [1] - Experienced investors often take action before earnings reports, especially when anticipating strong results, to capitalize on potential gains [1] Group 2: UnitedHealth Group (UNH) - UnitedHealth Group has experienced a 48% decline in stock price over the past three months due to missed earnings and lowered guidance [2][4] - The stock has shown signs of forming a bottom and is currently consolidating with bullish sentiment, facing resistance around $325 [3] - Analysts have a Moderate Buy rating on UNH with a consensus price target of $415.57, indicating a potential 38% upside from its recent close [4] Group 3: Tesla (TSLA) - Tesla's stock has been volatile, influenced by CEO Elon Musk's actions and market sentiment, particularly regarding demand in China [5][7] - The stock is trading near its 50-day simple moving average, which has acted as both support and resistance [8] - Upcoming earnings on July 23 are expected to provide clarity on the stock's direction [8] Group 4: Netflix (NFLX) - Netflix's stock is currently experiencing a pause after a strong performance following its last earnings report, with analysts forecasting a 22% earnings growth [10][11] - The stock is trading at a high price level, raising speculation about a potential stock split, although the company is focused on content creation and international growth [12] - Despite a Moderate Buy rating, Netflix is not among the top stocks recommended by leading analysts at this time [13][14]
3 Stocks to Buy Ahead of the Upcoming Earnings Season