Stocks rallied broadly last month on better-than-expected quarterly results, but CNBC Pro found a handful of companies that were outright winners during earnings season. These stocks have led the gains during earnings season and are expected to build on that momentum from here on out. What else? They’re a favorite among analysts, even as Wall Street as a whole continues to face recession and inflation concerns. Stocks that appear on our screens have increased by at least 10% since the start of earnings season. Earnings-per-share growth expectations are on the rise and are now projected to grow more than 10% for these names. They are also expected to grow more than 10% over the next 12 months based on analysts’ consensus price targets. Furthermore, the majority of analysts are telling investors to buy now. Here are 7 stocks that broke earnings season. Chipotle Mexican Grill may have gained about 24% since the start of the earnings season, but the stock is expected to gain another 11% from here, according to a consensus price target from FactSet. The burrito chain signaled in its second-quarter earnings report that it has pricing power to increase menu prices to cover rising food costs, as the majority of its core customers earn household incomes. higher family. Shares of Microchip Technology are up nearly 23% during the earnings season, and Wall Street expects that the microcontroller maker could gain another 18%. Microchip beat profit and revenue estimates in its second-quarter earnings report, versus consensus estimates from FactSet. Shares are down 17% this year. Ametek, an electronics maker, is up 14% this earnings season and is expected to be up nearly 18% above its price target. According to consensus estimates from FactSet, Ametek has exceeded expectations at the top and bottom. As of now, the stock is down 15% year over year. SolarEdge Technologies, Generac, Equinix and Marathon Petroleum also made the list. Generac, a generator maker, is expected to grow 48% over the next 12 months according to analysts.
