Earnings Season Continues To Boost Consumer-Focused Stocks This Week

There were a number of stocks that outperformed the market amid the flurry of news this week, including consumer names. Half of the S&P 500 companies have now reported their quarterly results.

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Weekly gains were expected for all major averages. As of Friday afternoon trading, the S&P 500 is up about 0.7% for the week so far. While the Nasdaq Composite gained 1%, the Dow Jones Industrial Average gained 1%.

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In recent months, several big names in the technology sector and industrial giants have posted their latest earnings reports. Additionally, investors were anticipating the Federal Reserve's announcement next week. FedWatch, a tool developed by CME Group, estimates an 86% chance of a 25-basis-point rate hike on Friday afternoon.

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Following is a list of the stocks that had the largest gains this week, as well as the analysts' prediction for where they will go in the future.

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• Hasbro, Inc.

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• Chipotle Mexican Grill, Inc.

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• Meta Platforms Inc. 

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• Costar Group, Inc.

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• Charter Communications, Inc.

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• Mondelez International, Inc. 

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• Molina Healthcare, Inc.

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• Comcast Corporation

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• Allegion Public Limited Company

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• Pentair PLC

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In response to Hasbro's first-quarter revenue exceeding analysts' expectations, its shares rose 18% this week. As both companies strive to expand their intellectual property reach, they also announced a multiyear licensing agreement with rival Mattel.

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Hasbro shares are bullish on FactSet, according to almost 70% of analysts covering the company. Based on the stock's consensus price target, it is expected to rise 22.4% over the next year.

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