2 Top-Notch Stocks to Buy as Q2 Earnings Approach: GE,TSM

Outside of Q2 results from big banks, this week’s earnings lineup will feature quarterly reports from several top-rated stocks, including GE Aerospace GE and Taiwan Semiconductor TSM.As two of the market’s top performers in recent years, GE stock has spiked over +50% year to date, with TSM sitting on respectable gains of +15%. Even better, GE and TSM are now up over +300% and +160% in the last three years, respectively.  Furthermore, both sport a Zacks Rank #2 (Buy) and are expected to help reconfirm their expectations of double-digit earnings growth in fiscal 2025 and FY26.Image Source: Zacks Investment Research GE Aerospace’s Q2 ExpectationsSeeing high demand for its commercial engines and services, GE Aerospace’s Q2 earnings are expected to spike 19% to $1.43 per share from EPS of $1.20 in the comparative quarter. On the top line, GE Aerospace’s Q2 sales are thought to have climbed 18% to $9.7 billion versus $8.22 billion a year ago.Notably, GE Aerospace has surpassed the Zacks EPS Consensus for 10 consecutive quarters with an average earnings surprise of 17.97% over the last four quarters. More intriguing, The Zacks ESP (Expected Surprise Prediction) suggests GE Aerospace could continue this impressive streak with the Most Accurate and recent estimates among Wall Street having Q2 EPS pegged at $1.50 and nearly 5% above the Zacks Consensus.Image Source: Zacks Investment Research Taiwan Semiconductor’s Q2 ExpectationsAs the go-to chip foundry provider for AI giants like Nvidia NVDA, AMD AMD, and Broadcom AVGO, among others, Taiwan Semiconductor’s Q2 EPS is expected to climb 60% to $2.37 compared to $1.48 a share in the prior year quarter. This comes as Taiwan Semiconductor’s sales are slated to stretch 44% to $30.04 billion from $20.82 billion in Q2 2024.Taiwan Semiconductor has surpassed earnings expectations for 18 consecutive quarters, with an average EPS surprise of 6.91% over its last four quarterly reports. Plus, the Zacks ESP suggests Taiwan Semiconductor can keep its impressive earnings streak alive as well, as the Most Accurate estimate has Q2 EPS slated at $2.45 and 3% above the Zacks Consensus.Image Source: Zacks Investment Research   Bottom LineWith strong quarterly reports expected from both of these iconic companies, GE and TSM shares looked poised for more upside. Reassuringly, FY25 and FY26 EPS estimates have already trended higher for GE Aerospace and Taiwan Semiconductor over the last 60 days, and a Q2 earnings beat could certainly cause a surge in these two top-performing stocks.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Aerospace (GE): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Broadcom Inc. (AVGO): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks