Major Companies Exceed Earnings Estimates, Sparking Stock Price Increases
- Occidental Petroleum Corp. (OXY) experienced a 1.7% rise in shares following its third-quarter 2024 adjusted earnings per share of $1.00, surpassing the Zacks Consensus Estimate of $0.80.
- Spotify Technology S.A. (SPOT) saw an impressive 11.4% jump in stock price after announcing third-quarter 2024 revenues of $4,382.93 million, which exceeded the Zacks Consensus Estimate of $4,367.05 million.
- Suncor Energy Inc. (SU) shares surged by 3.9% after reporting third-quarter 2024 adjusted earnings per share of $1.08, outpacing the Zacks Consensus Estimate of $0.88.
- CAE Inc. (CAE) also enjoyed an 11.4% increase in its stock price after announcing second-quarter fiscal 2025 adjusted earnings per share of $0.18, which exceeded the Zacks Consensus Estimate of $0.13.
Opportunities Arise from U.S. Infrastructure Spending
The U.S. government has allocated trillions of dollars to enhance and repair the nation’s infrastructure. This funding will focus not only on traditional projects like roads and bridges but also on modern initiatives such as AI data centers and renewable energy developments.
In this context, several stocks are well-positioned to take advantage of this significant spending trend that is underway.
Discover 5 unexpected stocks that stand to benefit most from this infrastructure boom.
To receive detailed insights on how to capitalize on the trillion-dollar infrastructure initiative, download your free report today.
Occidental Petroleum Corporation (OXY): Free Stock Analysis Report
Suncor Energy Inc. (SU): Free Stock Analysis Report
CAE Inc (CAE): Free Stock Analysis Report
Spotify Technology (SPOT): Free Stock Analysis Report
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