Observed Signal · May 8, 2026 · Earnings Report · Source: CNBC Investing · Impact: 4/5 · Sentiment: Neutral
Applied Materials Among Stocks With Earnings Momentum
CNBC Pro identified S&P 500 companies reporting next week that have seen accelerated earnings momentum using FactSet data. To qualify, stocks required analyst earnings-estimate revisions of at least 10% over the past three and six months and average analyst price targets implying at least 10% upside. Applied Materials is highlighted: analysts raised its earnings estimates by about 54% over the past three months and 46% over six months, and the company is scheduled to report on Thursday. Morgan Stanley reiterated an overweight rating and named Applied Materials a top pick, raising analyst Shane Brett’s price target to $454 from $432. Seaport Research initiated coverage with a buy rating and a $500 price target. The piece notes only eight S & P 500 stocks and one Dow component are posting results next week and names other reporters such as Constellation Energy, Ross Stores and Steris.
Earnings previews and analyst estimate revisions signal potential near-term market moves; updates on major semiconductor-equipment suppliers (Applied Materials) can influence investor allocations and sector momentum.
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Key Takeaways & Evidence Grounding
- CNBC Pro screened FactSet data for S & P 500 companies reporting next week with accelerated earnings momentum.
- Inclusion criteria: earnings estimates revised up by at least 10% in the past three and six months and an average analyst price target implying at least 10% upside.
- Applied Materials reports quarterly results on Thursday and saw analysts raise earnings estimates ~54% (3 months) and ~46% (6 months).
- Morgan Stanley reiterated an overweight rating on Applied Materials and increased Shane Brett’s price target to $454 (from $432); Seaport Research initiated coverage with a buy rating and $500 target.
- CNBC notes eight S & P 500 stocks and one Dow Jones Industrial Average component are scheduled to report next week; other names include Constellation Energy, Ross Stores and Steris.
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Stocks Showing Earnings Momentum Ahead of Next Week's Reports
CNBC Pro highlights S&P 500 companies with accelerated earnings momentum ahead of a heavy corporate reporting week starting April 29, 2026. More than 160 companies—about one-third of the S&P 500—will report first-quarter results for the period ended March 31. CNBC Pro screened FactSet data for firms with rising EPS estimates, meaningful upside to analyst price targets and a majority of buy ratings. The piece spotlights Amazon and Cigna Group: Amazon (reporting April 29) has seen steep upward revisions to EPS estimates driven in part by AWS demand tied to AI workloads and Anthropic’s use of AWS Trainium chips; FactSet consensus EPS for Amazon is cited at $1.63. Cigna (reporting April 30) shows stronger recent EPS revisions with a FactSet estimate of $7.60 for the quarter and remains rated a buy by major banks.
S&P 500 names report next week with earnings momentum
CNBC (Lisa Kailai Han) reports that earnings season continues the week of May 4, 2026, with 121 S&P 500 companies scheduled to report. The piece highlights firms showing recent earnings momentum — including Datadog, Lumentum and Block — and names Dow components McDonald’s and Walt Disney Co as headliners. CNBC Pro screened FactSet data and applied specific filters (estimates revised up >=10% over three and six months; analyst price targets implying >=25% upside; buy ratings from >=55% of covering analysts) to identify names. The article cites recent analyst actions — Rothschild & Co. Redburn initiating coverage on Datadog and Lumentum, and Bank of America reiterating a buy on Block — and notes share performance and analyst price targets ahead of the companies’ upcoming reports.
Ross Stores, TJX among earnings-momentum stocks this week
CNBC reports that 14 S&P 500 companies are scheduled to report quarterly results this week; CNBC Pro screened FactSet data to identify those with accelerating earnings momentum. Screening criteria required at least 10% upward revisions to earnings estimates over the past three and six months and an average analyst price target implying at least 10% upside. Retailers TJX Companies and Ross Stores are highlighted: TJX reports Wednesday and Ross reports Thursday. Deutsche Bank reiterated buy ratings on both and analyst Krisztina Katai set price targets of $182 for TJX (≈23% implied upside) and $253 for Ross (≈19% implied upside). Other names on the list include Keysight Technologies, Nordson Corporation, and AI heavyweight Nvidia as the week’s headliner.
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