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Stocks to focus before Q2 earnings

The second quarter earnings season already commenced last week. Here are the 5 stocks that have good potential and are worth snatching up on the dip before their results are released.

Stocks to focus before Q2 earnings

Well, it looks like it has been a disappointing first half of the year for stock investors, the strong bearish momentum was caused by continuing war in eastern Europe, higher inflation and central banks that are scrambling to tighten policy to control rising prices.

With this in mind, Investors are now going to pay close attention to the earnings season. The second quarter earnings season already commenced last week with disappointing results from the largest US investment banks. Meanwhile, the beverage and snack giant PepsiCo (NASDAQ: PEP) reported impressive second-quarter results.

However, here are the 5 stocks that have good potential and are worth snatching up on the dip before their results are released. Let’s dive in.

American Airlines

The Airline giant American Airlines (NASDAQ: AAL) is scheduled to report second-quarter financial results on July 21, 2022. The stock jumped almost 10% last week after the company said that it expects its second-quarter revenue to be better than the same quarter pre-pandemic by 12%. The stock is expected to extend the gains in the coming days and there is a good chance for a nice value pop when earnings come out.

American airlines

Rivian

The electric-vehicle automaker Rivian Automotive (NASDAQ: RIVN) is scheduled to report its second-quarter 2022 earnings on August 11. $RIVN stock had declined almost 68% this year and the stock trade now at $30 per share. While recently the stock regained bullish momentum after the company announced Q2 delivery and production figures. The company produced 4,401 electric vehicles and delivered 4,467 during the quarter ended June 30.

Rivian

Boeing

The airplane manufacturer Boeing (NYSE: BA) is expected to release its second-quarter fiscal year 2022 earnings on July 27. The stock sinks to a fresh 52-week low of $113 on June 14th. Boeing released second-quarter deliveries on July 12, the company delivered 121 jets in the second quarter, up from 95 in the first quarter of the year. As of this writing, the stock is up 4% in pre-market trading on Monday after the major airline carrier Delta Air Lines announced a firm order for 100 models of the Boeing 737 MAX-10.

Boeing

Airbnb

San Francisco-based vacation rental company Airbnb's (NASDAQ: ABNB) earnings release for the second quarter is slated for August 11. The stock dropped more than 45% in the first half of 2022; the strong bearish sentiment was fueled by an aggressive rate hike by the Federal Reserve. But the stock is already reached a crucial buy point and there is a possibility that it may regain upside momentum if the company exceeds expectations.

Airbnb

Snowflake

The data warehousing firm Snowflake (NYSE: SNOW) is set to announce its second-quarter 2022 financial results on, August 24. $SNOW was struggling to find further upside momentum and traded sideways since the last earnings announcement. During the first quarter, the company generated impressive 85% revenue growth to $422.4 million. With a longer-term view, there's plenty of scope for $SNOW to grow in the coming days if the company continues to report solid revenues and healthier margins.

Snowflake

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