Many expected a dismal earnings season, but that hasn’t stopped Wall Street analysts from naming some of their favorite buying opportunities ahead of the results. There are a bunch of stocks this week that still have the potential for strong gains in their latest quarter results, analysts say. CNBC Pro conducted research recently to find the best-positioned stocks for earnings. These include: Ulta, Tractor Supply, Bill.com, Boeing and DR Horton. Tractor Supply “TSCO remains one of our favorite stocks as we believe many of the long-term top drivers continue,” Truist analyst Scot Ciccarelli said recently. The home improvement and lawnmower company will report earnings on July 21, and Truist said the stock has more room to work. Ciccarelli wrote in a note to clients that Tractor Supply is a long-term winner even though the company has been a major beneficiary of the pandemic. The analyst further cites investment in housing and land, rural migration and pricing power as keys to the company’s success now and in the future. “We believe this inflation helped drive solid 1-H22 results including last month’s positive Q2 22 announcement,” he wrote. The company lowered its price target to $246 per share from $266 to account for what it calls “the multiple decline in the market over the past few weeks,” but says the stock is too attractive. to forgive. “We are still buyers of TSCO, given its defensive character (daily demand) and growing upside potential,” he said. Shares of Tractor Supply are down nearly 15% this year. Boeing Goldman Sachs has named the aerospace company one of its favorites when it hits profitability later this month. Analyst Noah Poponak said in a preview note to clients that he sees many positive catalysts likely to propel Boeing higher. These include a change in free cash flow, a recovery in travel and the possibility of continued deliveries of 787 units in August. “Based on our conversations, we believe this is a large increase. on equities and would reduce the risk for other narratives such as around a potential equity raise,” he said. However, the company said that investors should buy shares of Boeing. Shares are up 8% this month, and Poponak says investor sentiment continues to be too “negative”. Like many other companies, the supply chain has certainly caused a lot of production disruptions, but the analyst expects an upbeat tone from management when Boeing releases the results on July 27. expectations remain very low while the potential for cyclical growth remains very high,” he wrote. DR Horton Higher mortgage rates and faster inflation continue to wreak havoc on consumers as well as the housing industry. For example, shares of the S&P 500 Homebuilders ETF are down nearly 32% this year. However, Argus Research said in a recent note that homebuilder DR Horton stands out for earnings on July 21. “In our view, DHI has the edge in home supply. affordable,” said analyst Christopher Graja. Argus said DR Horton has many brands and can take market share from smaller manufacturers. “More than 60% of the homes DHI delivered in the 12 months through March 31, 2022 sold for less than $350,000, a sign that the company is well positioned to serve discerning buyers. in terms of value, who are likely to drive the housing market over the next few years,” Graja said. The company said DR Horton also has a strong balance sheet along with “broad geographical diversification”. Graja acknowledged the risks, especially as they relate to interest rates. “However, we expect significant upside potential for homebuilders given the massive shortage of affordable homes,” he continued. Shares are up nearly 11% this month. Bill.com – Deutsche Bank, Buy Rating “Potential for the upside remains strong. … For BILL’s Q4 22 earnings announcement in August, we expect revenue growth of ~134% Y/Y (~62% organic) with the potential to increase ~10 percentage points to gross and ~6 percent to profit to organic.More year 23 revenue growth of ~47-49% Y/Y (with potential for further growth) along with details on profitability progression with the potential for sustained profitability starting as early as Q4 of 23” . Ulta – Piper Sandler, Overrated “Dig deeper into ULTA’s Partnership with TGT; We see significant growth potential.… Financial improvement has never been a major driver for growth, though. ULTA x TGT (more on expanding customer reach), our analysis shows a clear path to profitability According to our calculations, price increase relative to long-term goals management and up to 9% above current stock levels from the partnership.In short, this partnership is not news, but digging deeper makes us even more lost. more concerned about the opportunity here.” DR Horton – Argus Research, Buyer Review “DHI has an edge in providing affordable homes. … Over 60% of the homes DHI delivered in 12 months through March 31, 2022 on sale for less than $350,000, a sign that the company is doing well positioned to serve value-conscious buyers who have likely to drive the housing market over the next few years. … DR Horton will also benefit from broad geographic diversification and a healthy balance sheet. … We expect significant upside potential for home builders because there is a huge shortage of affordable homes. “Tractor Supply – Actual Review, Buy” TSCO remains one of our favorite stocks given our belief that many long-term top drivers continue. … We are still buyers of TSCO, due to its defensive (daily demand) character and potential upside potential. … We believe this inflation has helped drive solid 1-H22 results including positive announcements ahead of last year’s second quarter. “Boeing – Goldman Sachs, Buy Review” Investor sentiment remains negative for Boeing, despite some recovery from recent lows. … Based on our conversations, we believe this is the biggest upside for the stock and will reduce the risk of other such narratives around potential equity gains. … Expectations remain very low while cyclical upside potential remains very high. “