Gold miner Newmont and artificial intelligence hardware supplier Amphenol are among the companies reporting quarterly results next week with momentum on their side. The third-quarter earnings season is off to a strong start, with results from major banks earlier this week helping lift the market even amid recent volatility tied to macroeconomic concerns and credit worries. According to FactSet’s John Butters, the S & P 500 will likely report earnings growth above 13% for the third quarter. That would mark the fourth straight quarter of double-digit profit growth for the broad market index. To find the companies with earnings momentum behind them, CNBC Pro searched for stocks in the S & P 500 that analysts have become more bullish on as of late. The companies that made the cut fulfill the following criteria: Have at least 10 upward earnings estimate revisions in the past three months Average price target from analysts revised up 10% or more in the past three months Earnings estimates from analysts revised up 10% or more in the past three months Newmont has had analysts revise earnings estimates 26 times in the past three months. The average analyst earnings estimate for the stock has also grown by 21% in that time. The stock has been on a tear this year as gold prices shoot to record highs. Year to date, it’s up more than 140%. However, shares fell 8% on Friday as gold pulled back from its all-time highs. That said, Wall Street remains bullish on the trajectory of gold as the safe haven asset soars amid continued central bank buying and broader volatility. Joe Terranova, chief market strategist for Virtus Investment Partners, stuck by his ownership of Newmont earlier this week. He told CNBC’s “Fast Money” on Monday that the metal continues to act as a diversifier in one’s investing portfolio. UBS analyst Daniel Major reiterated his buy rating on Newmont in a Thursday note to clients. “We think NEM is well placed with expectations lower in 2026 and improving returns and buybacks to underpin the narrative of improving operational performance,” he said. Lam Research and Amphenol, both hardware suppliers in the AI space, also have momentum behind them. Shares of both names are up about 96.5% and 80% this year, respectively. Analysts have revised Lam Research’s earnings upwards 29 times in the last three months, and upwards 21 times on Amphenol during the same time span. Bank of America upgraded Amphenol and set a price target of $150, significantly higher than analysts’ average price target of $131, per FactSet. The firm’s price target suggests Amphenol shares could rally more than 17% from Thursday’s close as the company benefits from strong AI rack volume, increased data center buildout and strong M & A activity. Other stocks that could jump on the back of their upcoming earnings reports are Valero Energy and Globe Life .
