Bank of America analysts say there are still plenty of opportunities to buy shares as earnings reports continue. The company has recommended a number of companies for investors to own ahead of its quarterly results. CNBC Pro combed through a recent Bank of America survey to find the most attractive stocks that were better positioned than the report. They include Grab, Urban Outfitters, Block, SolarEdge and Fox. Analyst Jessica Reif Ehrlich recently said Fox would buy stakes in companies that are “best positioned” in the media. The company plans to announce its financial results in early February. Fox has the right mix of content to “perform well relative to the market,” Reif Ehrlich said in a recent note to clients. The company’s news and sports programming is a “must-have” combination for some consumers, she added. Additionally, Reif Ehrlich said he likes the company’s solid balance sheet and evaluated its direct-to-consumer strategy “carefully”. “We expect FOX’s F2Q23E to not only reflect the resilience of Fox’s portfolio, but also show signs of a softening macro environment,” he said. I do,” she said. Still, the stock remains the most attractive, as the stock has fallen 9% in the past 52 weeks and her free cash her flow has increased significantly, she writes Reif Ehrlich. increase. Grab Holdings Singapore-based tech company was recently upgraded to buy from Neutral by her analyst Sachin Salgaonkar. Shares of Grab, which offers delivery, mobility and financial services through mobile apps, are down 35% from last year. But Bank of America said the risks and rewards have become more “favorable.” “Grab is well-positioned to balance revenue growth and profitability in both its core businesses of delivery and mobility,” Salgaonkar said. Grab has also seen a lot less competition and the company’s management is focused on controlling costs, he said. “Also, Grab’s super app gives it a competitive edge over its competitors and the ecosystem he believes will help unlock synergies across the four divisions,” he wrote. With a strong balance sheet as well, Salgaonkar said he expects EBITDA profitability by 2025. The company expects he will report earnings in mid-February. The solar products company is on full blast, according to SolarEdge analyst Julien Dumoulin-Smith. “There will be an overall turnaround in the fourth quarter of 2022,” he said ahead of his SolarEdge quarterly earnings call in mid-February. Dumoulin-Smith said the stock is “in the right place at the right time,” and earlier this week he raised his price target to $382 from $367. “Looking into Q4 2022, SolarEdge Technologies is rated Buy and appears poised to benefit from the macro environment as headwinds persist throughout 2022,” he said. According to the company, SolarEdge has clearly benefited from anti-inflation laws, but it has also benefited from a stronger euro as it gives consumers more pricing power. “The EUR/USD recovery was marginally positive for the SEDG top line, with earnings taking him above $20 million,” he added. The stock has gained more than 46% last year, but Dumoulin-Smith’s higher price target suggests there is still room for execution. “The combination of tailwinds and structural improvements makes Q4 2022 a particularly attractive entry point for investors. (Square only) to $190 billion in 2022. 2) Square continues to gain traction in the luxury market and internationally 3) SQ has sufficient It has not gained credibility and has expressed its intention to maintain its discipline in 2023. 4) Combining cryptocurrencies and BNPL, 3Q22. But we also expect the macro environment to show signs of softening….Fox’s collection of sports and news assets should perform relatively well against the market, but Fox is not completely immune to macro pressures in the advertising market … As for Fox, it is a media company best positioned to profit from sports betting, with a more cautious DTC strategy, Owner of must-have news and sports Grab Holdings “upgrading Grab from Neutral to Buy as risk rewards become more favorable. Thesis: 1) Grab finds itself well positioned to balance revenue growth and profitability in both its core businesses of delivery and mobility. ….Also, Grab’s super app will give him a competitive edge over his competitors, and he believes the ecosystem will help him unlock synergies between his four divisions. Agile Supply reiterates our buy rating for Urban Outfitters given our view that stock is in a clean position on his F24 (C23) now that his chain has normalized. ….In our opinion, Urban is one of the most compelling growth stories in specialty retail. Its three proven concepts each have room to grow their profit margins, and their products are differentiated and compelling. … .right place at right time + structural advantage. ….SolarEdge is rated Buy going into Q4 2022. This looks poised to benefit from the macro environment against persistent headwinds through 2022. has generated approximately $20 million in revenue. …. A combination of tailwinds and structural improvements should make Q4 2022 a particularly attractive entry point for investors.
