Investors are watching Nvidia as the chip giant prepares to issue earnings, but it’s not the only name worth buying ahead of results, Bank of America says. The firm said there’s still a slew of top companies that have yet to deliver quarterly reports. CNBC Pro combed through Bank of America research to find attractive stocks heading into earnings. The firm rates all of the names below as buy. They include Arista Networks, Penn Entertainment , Nvidia , Global Payments and Sweetgreen. Global Payments Analyst Jason Kupferberg is doubling down on shares of the payment processing company heading into earnings on Feb. 14 . The stock remains undervalued and underappreciated, but Kupferberg said he sees a unique buying opportunity for patient investors. Global Payments has a “competitive differentiation” with a “sizeable portfolio of owned software assets in select verticals,” according to the firm. Meanwhile, Kupferberg remains bullish on management changes announced in 2023, noting a “conservative approach to earnings, which we believe would be welcomed by [the] Street.” The company also has an upcoming analyst day that should serve as a positive catalyst for the stock, he added. With shares up 7% this year, Kupferberg said he’s standing by the stock. “GPN was a top pick in our Year Ahead ’24 report given its growth profile, competitive position, and attractive valuation,” he added. Arista Networks Even in a “weak environment,” Arista is a poised to be a standout, according to analyst Tal Liani. The cloud-networking company entered the year with some uncertainty, but the outlook has improved following strong capex commentary from the likes of Microsoft and Amazon, he said. In fact, Arista might be the right stock at the right time with consensus estimates seemingly too low, Liani said. “Arista is the only Buy-rated stock in our Networking universe,” he said, due to its cloud and artificial intelligence exposure. Liani also raised his price target to $305 per share from $265. “We remain positive on management’s ability to execute, the company’s technological differentiation, product positioning, and its TAM [total addressable market] growing to $47bn by 2025,” he said. Arista shares are up about 20% this year, and the company is scheduled to report quarterly earnings on Feb. 12 . Penn Entertainment Buy the dip in shares of Penn, analyst Shaun Kelley said recently. The firm said expectations remain muted for shares of the gambling company and that’s not…
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