As we move into April, the dust is settling on fourth quarter 2023 earnings season, and, by most accounts, it was a success. According to data from FactSet, 73% of companies listed in the S&P 500 index exceeded their earnings estimates. Overall, earnings for the last quarter of 2023 grew 4% year-over-year, marking the second consecutive quarter of annualized growth.
The S&P 500 is closing out Q1 up 11%, its strongest start to a year since 2019. All three major stock indices in the U.S. are currently at record highs. A lot will be riding on earnings for this year’s first quarter that will start rolling in mid-April. As we wait for those results, here are the three most compelling stocks to buy now that the Q4 earnings dust has settled.
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