Wolfe Research has identified companies like Walmart, Apple, TJX Companies, and others as strong plays during the earnings season. Despite analysts lowering EPS estimates, S&P 500 earnings are still expected to grow by 4.2% year-over-year. Walmart is particularly highlighted for its potential in both improved and worsened macro environments, with opportunities for margin expansion. TJX Companies is also seen as a good investment due to continued consumer strength. Apple, although facing some challenges, still remains a strong contender in the tech sector. Other companies performing well around earnings reports include Kellanova, ON Semiconductor, and Morgan Stanley.
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