Q1 Superstars: 3 Stocks to Buy After Stellar Earnings

Core Insights - The first quarter earnings season has shown strong results, with 92% of S&P 500 companies reporting, and 78% exceeding profit expectations [1][2] - Notable companies have reported exceptional earnings, leading to significant stock price increases and improved investor sentiment [2] Company Summaries Honda Motor (HMC) - Honda reported a 70% increase in net profit year-over-year, totaling $7 billion, driven by a 21% rise in sales [4][6] - Global vehicle sales rose to 2.8 million, up from 2.3 million, with strong performance in the U.S. offsetting weak sales in China [5] - Despite strong results, Honda anticipates a nearly 10% decline in profit for the current fiscal year due to increased R&D spending of $7.7 billion [6] Robinhood Markets (HOOD) - Robinhood achieved record Q1 results with EPS of 18 cents and revenue of $618 million, significantly surpassing Wall Street forecasts [8][10] - The surge in crypto trading contributed to a more than tripling of crypto transaction revenue, with assets under custody increasing 65% year-over-year to $129.6 billion [9] - The number of Robinhood Gold subscribers rose 42% to 1.7 million, and the stock price has increased by 86% over the past year [10] Reddit (RDDT) - Reddit reported its first financial results as a public company, with a loss per share of $8.19, which was better than the expected loss of $8.71 [12] - Revenue reached $243 million, exceeding expectations of $212.8 million, with a 48% year-over-year increase [13] - The company anticipates Q2 revenue between $240 million and $255 million, surpassing Wall Street's expectation of $224 million [14]