Many companies are struggling this year amid turbulent macroeconomic issues. Supply chain problems, inflation, and rising interest rates are crippling forecasts this year. Most recently, Target trimmed its outlook for its current quarter as mounting inventory levels threaten to chip away at its margins.
But there are some companies that are optimistic about this year, even despite the adversity. Three stocks that recently raised their guidance include Thermo Fisher Scientific (NYSE: TMO) , Home Depot (NYSE: HD) , and Pembina Pipeline (NYSE: PBA) . Here's why these companies remain positive about this year.
Healthcare giant Thermo Fisher provides businesses with consumables, including scientific instruments, that are essential to the industry as a whole. And so with hospitals resuming more normal, pre-pandemic operations, this is a company that can benefit.
For further details see:
3 Growth Stocks That Raised Their Guidance This Year