Citi flags 16 stocks to buy that are primed to pop after Q1 earnings

Citi predicts share-price upside for 16 stocks in particular this earnings season.
Its analysts forecast a 3% to 12% price increase for the stocks post-earnings announcements.
All of the stocks on the list have a "Buy" rating from the bank.

Earnings season is set to kick off, and Citi has some ideas on how you can capitalize on the action.

In a note to clients on Friday, the bank shared a list of 16 stocks it thinks could rise on the back of strong first-quarter results that investors are underestimating.

Citi compiled the list by identifying which "Buy"-rated stocks its analysts are most bullish on relative to Wall Street's consensus. The bank sees a post-earnings pop of 3% to 12% for the stocks on the list.

Consensus estimates for broader-market earnings were revised higher in March. However, stocks have sold off recently amid surging oil prices, prompting some on Wall Street — like Deutsche Bank — to point out the dislocation.

Citi said that investors should keep an eye on comments from executives about both cost pressures and AI disruption.

Below are the 16 stocks that it thinks are most poised for near-term gains after earnings are reported, along with the earnings upside from market consensus to Citi's estimates and the implied share price moves. Stocks are listed in alphabetical order of their respective sectors.

Meta Platforms

Ticker:META
Sector: Communication Services
Earnings date: April 28
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 6%

Netflix

Ticker:NFLX
Sector: Communication Services
Earnings date: April 16
Upside to consensus for the upcoming quarter: 2%
Earnings day implied stock move: 6%

Amazon

Ticker:AMZN
Sector: Consumer Discretionary
Earnings date: April 29
Upside to consensus for the upcoming quarter: 3%
Earnings day implied stock move 7%

Burlington Stores

Ticker:BURL
Sector: Consumer Discretionary
Earnings date: May 27
Upside to consensus for the upcoming quarter: 6%
Earnings day implied stock move: 7%

General Motors

Ticker:GM
Sector: Consumer Discretionary
Earnings date: April 28
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 6%

Instacart (Maplebear)

Ticker:CART
Sector: Consumer Staples
Earnings date: April 29
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 6%

Walmart

Ticker:WMT
Sector: Consumer Staples
Earnings date: May 21
Upside to consensus for the upcoming quarter: 2%
Earnings day implied stock move: 4%

Affirm

Ticker:AFRM
Sector: Financials
Earnings date: May 7
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 12%

Chubb

Ticker:CB
Sector: Financials
Earnings date: April 21
Upside to consensus for the upcoming quarter: 4%
Earnings day implied stock move: 3%

Eli Lilly

Ticker:LLY
Sector: Healthcare
Earnings date: April 30
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 6%

Natera

Ticker:NTRA
Sector: Healthcare
Earnings date: May 6
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 10%

General Electric

Ticker:GE
Sector: Industrials
Earnings date: April 21
Upside to consensus for the upcoming quarter: 4%
Earnings day implied stock move: 6%

Broadcom

Ticker:AVGO
Sector: Information Technology
Earnings date: June 3
Upside to consensus for the upcoming quarter: 3%
Earnings day implied stock move: 8%

Cadence Design Systems

Ticker:CDNS
Sector: Information Technology
Earnings date: April 27
Upside to consensus for the upcoming quarter: 1%
Earnings day implied stock move: 7%

MongoDB

Ticker:MDB
Sector: Information Technology
Earnings date: June 2
Upside to consensus for the upcoming quarter: 1%
Earnings day implied stock: 11%

Celanese

Ticker:CE
Sector: Materials
Earnings date: May 5
Upside to consensus for the upcoming quarter: >10%
Earnings day implied stock move: 10%

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