While the major indices of the USA are trading at record peaks, the excitement may be further increased as companies start to publish the first quarter results next week with signs of recovery in the country’s economy.
The first quarter earnings reporting period will also help to eliminate some uncertainty about the future performance of technology stocks, which benefit greatly from the epidemic and stuck out period. If the tech giants continue to announce strong profits and revenues, this will be a sign that players can continue the gains they made during the COVID-19 pandemic.
Below, we have listed three stocks from different industries, which we will follow closely as the first quarter earnings reporting period begins:
1. JPMorgan Chase
After a few bad quarters, the company is recording a rapid return to profitability with the help of its corporate and investment banking groups and the trading division. Investors will want to find out whether the volatility seen in the markets in the first quarter again helped the bank exceed expectations.
JPM stock closed Friday at $ 156.28, having recorded a strong rally so far this year as the recovery in the US economy gained momentum. Shares gained 23% in 2021, easily over the 9% performance of the S&P 500.
2. Delta Air Lines
Local air travel in the USA is recovering with the acceleration of corona virus vaccines. More than a million passengers have flown with Delta in the last few days. The company had seen these levels last before the epidemic.
The U.S. Center for Disease Control and Prevention (CDC) said last month that a COVID-19 test and quarantine are not required on local travel for vaccinated individuals. Delta Air shares, which have more than doubled in value in the past year, closed Friday at $ 49.27.
In an interview with Bloomberg in February, CFO Hugh Johnston described the company’s recent performance as one of the best in its history.
“People need to eat and drink, and we figured out how to get these products to them through the channels they want,” Johnston said. Despite this impressive performance, PEP stock struggled a little this year and lost 4% of its value. The shares closed Friday at $ 142.57.