Earnings season is coming to an end, with some corporations still to report this week and next. The earnings results so far this reporting cycle have generally been encouraging, and momentum should remain high over the remainder of the reporting period.
Despite better-than-expected earnings results, investors have become increasingly anxious as a result of market uncertainty over inflation, political disturbances, rate rises, supply-chain challenges, labor issues, and other factors.
In such a market, TipRanks’ Smart Score System, which allows investors to do a more thorough analysis of a firm before investing in it, may be beneficial.
Based on eight critical features, including hedge fund and insider trading activity, this tool scores the stock on a scale of one to ten, with ten being the best. Using TipRanks’ Top Smart Score Stocks, we selected two stocks that score a “Perfect 10.”
GlobalFoundries (GFS)
GlobalFoundries is a semiconductor foundry that manufactures complicated integrated circuits (ICs) for electrical devices used in almost every industry.
The corporation recently released its fourth-quarter financial figures for 2021. Quarterly sales increased by 74% year-over-year to $1.85 billion, while adjusted earnings increased by 117% year-over-year to $0.18 per share.
During the Q4 earnings call, GlobalFoundries CEO Tom Caulfield expressed optimism about the company’s potential in 2022. Caulfield said, “We are executing well, and believe we are on track to deliver another year of strong growth in revenue and profitability in 2022.”
Analysts are upbeat about this stock, with 12 Buy and 2 Hold ratings. GFS shares are currently priced at $49.71, and the average GFS price target of $81.25 implies around 63.5% upside potential over the next 12 months.
In addition, investors have been enthusiastic about the stock. It’s worth mentioning that investors holding portfolios on TipRanks maintain a Very Positive outlook on GFS stock. The data shows that 8.5% of these investors have increased their holdings of GFS stock in the last 30 days.
IQVIA Holdings (IQV)
Next up is IQVIA Holdings, which also scores a “Perfect 10”. The firm serves the life sciences industry with advanced analytics, technological solutions, and contract research services.
The company is well-positioned in the life sciences market with its healthcare-specific global IT infrastructure and analytics-driven clinical development skills.
IQVIA Holdings recently announced solid fourth-quarter earnings, with both revenues and profits per share increasing from the year-ago quarter. Revenues climbed 10.2% year-over-year to $3.64 billion, while adjusted profits increased 20.9% to $2.55 per share.
In addition, the corporation has a solid track record of stock repurchases. In the fourth quarter, the business spent $174 million on stock repurchases. The ongoing share repurchase program not only boosts investor confidence but earnings per share as well.
The majority of experts are optimistic about this firm. On TipRanks, IQVIA Holdings commands a Strong Buy consensus rating based on 9 Buys and 1 Hold. The average IQV price target is $287.40, representing 25.9% upside potential.
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