These companies set to report next week typically beat earnings estimates and trade higher

Published Thu, Apr 21 20222:31 PM EDT

A new batch of companies will report earnings next week as the season kicks into full gear. Not all companies will see a win, but some names have a better track record of beating expectations and trading higher as a result. Rising inflation, supply chain bottlenecks and rate hikes from the Federal Reserve dominated chatter during the first quarter of the year, sparking fears of a looming recession and a broader market sell-off. Now, investors will get a clue into how the volatile backdrop hit behemoths such as Apple , Alphabet , Amazon and many more. Amid the uncertainty, CNBC Pro reviewed data from Bespoke Investment Group to find the companies that beat estimates and gain on the back of those results Check out some of the big names that made the cut: Alphabet Tech stocks lagged during the first quarter, ending the period as the worst-performing sector, as investors rotated out of growth names and into safe-haven industries like consumer staples. Alphabet was no stranger to the trend and is trading down 13.5% year to date. The stock is also down about 10% this month. Despite the murky outlook for the sector, Google's parent company beats earnings per share estimates 71% of the time. The stock also averages a 1.78% daily gain after Alphabet reports earnings, according to Bespoke. Sid Choraria, a senior portfolio manager at Gordian Capital, recently named Alphabet as a "must own" tech stock during a discussion with CNBC Pro. Alphabet reports earnings Tuesday after the bell. Apple The technology company reports results Thursday. Its earnings per share beat estimates 89% of the time, according to Bespoke data. Following a beat, shares of Apple trade 1.28% higher on average, the data shows. Supply chain disruptions and lockdowns in China have hard hit the iPhone creator, as suppliers paused production lines amid strict Covid-19 lockdowns . Shares of Apple are trading down 5.6% for the year and 4% this month. Amazon The e-commerce giant reigned as a clear pandemic winner, as consumers sheltered at home and ordered more online. But as the tech sector faces more turbulence and the global economy reopens, its shares have dipped 10% this year. To be sure, Amazon shares typically do well on earnings. Based on Bespoke data, the e-commerce company surpasses expectations 63% of the time and sees its shares gain 1.02% on average as a result. Morgan Stanley named Amazon among the e-commerce stocks to buy , noting that despite the sell-off it offers a strong path to growth. Amazon reports first-quarter earnings on Thursday. Chipotle Mexican Grill The restaurant chain is expected to report earnings on Tuesday and typically surpass estimates 75% of the time, Bespoke data shows. After reporting, Chipotle's stock rises 1.64% on average. Restaurants have struggled as inflation rises and surging labor costs eat into margins and profits. Amid the uncertain backdrop, shares of Chipotle Mexican Grill have slipped 3.1% this month and 12.3% this year. But some analysts see major growth opportunities and profit for the restaurant chain. UBS called Chipotle the "best house on a tough block," saying in a note to clients Thursday that Chipotle can withstand rising inflation and gain as it rapidly adds stores. Valero Energy The company exceeds earnings estimates 85% of the time and its shares rise 1.19% on average on the back quarterly results, Bespoke data shows. Energy companies shined during the first quarter as tensions between Russia and Ukraine put pressure on supply and demand for oil. Gas prices skyrocketed and the national average for gas topped $4 in March, its highest level since 2008 . Amid the volatile commodities market, shares of Valero Energy have surged 41% year to date and are trading up 4.2% this month. Valero reports first-quarter earnings on Tuesday. Align Technology Align Technology 's stock has cratered 41% this year and 11.4% in April, but brighter moments could be in store for investors when the Invisalign maker reports earnings on Wednesday. Bespoke data indicates the orthodontics company beats estimates 82% of the time and shares enjoy a 3.73% on average.

Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018.

Dado Ruvic | Reuters

A new batch of companies will report earnings next week as the season kicks into full gear.

Not all companies will see a win, but some names have a better track record of beating expectations and trading higher as a result.