HSBC reveals 11 US stocks to watch ahead of Q4 2025 earnings, driven by AI, cloud computing, and long-term growth trends.
HSBC analysts have released a new research outlook identifying 11 U.S. stocks to watch ahead of Q4 2025 earnings, with a strong focus on companies that show durable business strength, reliable cash generation, and long-term Ai and cloud growth tied to artificial intelligence and cloud computing.
According to HSBC analyst Nicole Inui, the bank’s investment focus centers on the stability of earnings into 2026, pressure on profit margins, and ongoing capital spending linked to artificial intelligence infrastructure. Despite ongoing market uncertainty, these companies are viewed as well positioned due to their competitive advantages and exposure to long-term demand trends.
Key Stock Highlights
Oracle stands out as a leading pick. The company reported fiscal second-quarter revenue of $16.1 billion, marking a 14 percent year-over-year increase. Its cloud infrastructure business grew sharply, with revenue rising 68 percent to $4.1 billion. A large contract backlog and strong cloud demand support expectations for multi-year growth.
Bloom Energy has gained attention due to its specialized role in supplying power solutions for AI data centers. Shares moved higher as investors reacted to rising demand for natural gas-based electricity and increased spending on infrastructure by data-center operators.
In healthcare, AbbVie received a Moderate Buy rating from HSBC. The firm benefits from a strong patent portfolio and operational efficiency. Johnson & Johnson continues to make progress in immunology and oncology, supporting steady earnings growth.
Salesforce was highlighted for its ability to connect customer data, sales tools, and enterprise platforms into a single ecosystem. In the life sciences space, Thermo Fisher Scientific saw price target increases following solid Q3 results. Analysts raised fair value estimates due to improved demand outlooks through 2026 and the company’s scale in laboratory tools and supplies.
On the consumer side, Walmart, Monster Beverage, and Royal Caribbean were included for their ability to expand market share and maintain strong brand loyalty across different income groups.
Completing the list are PNC Financial Services, representing the financial sector, and Booking Holdings, which reflects ongoing recovery and growth in global travel demand.
Sector Themes
The selected stocks fall into clear categories. AI and cloud computing are led by Oracle and Salesforce. Energy infrastructure is represented by Bloom Energy. Financial services and travel include PNC and Booking Holdings. Healthcare and life sciences feature AbbVie, Johnson & Johnson, and Thermo Fisher. Consumer and cyclical sectors are covered by Walmart, Monster Beverage, and Royal Caribbean.
Market Environment and Outlook
Short-term stock movements have varied. Oracle shares slipped slightly, AbbVie declined during the session, while Bloom Energy posted gains. These fluctuations contrast with the broader investment case, which is based on longer-term earnings strength rather than daily price changes.
HSBC notes that Q4 earnings performance will depend heavily on economic conditions and long-term demand drivers such as data-center expansion. Global data-center infrastructure investment is expected to reach nearly $585 billion by 2032, supporting sustained growth for companies tied to this trend.
Looking ahead, HSBC believes companies with strong backlogs and defensible business positions may deliver better performance into 2026. However, margin pressure remains a key risk, particularly for technology firms where continued investor confidence depends on consistent earnings results rather than market enthusiasm alone.
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