5 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats

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In this article, we will list the 5 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats. Please visit 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats if you would like to see the extended list and the methodology behind it.

5. Phillips 66 (NYSE:PSX)

On April 30, 2026, Morgan Stanley raised its price target on Phillips 66 (NYSE:PSX) to $180 from $174 and maintained an Overweight rating following the company’s Q1 results. The firm noted Q1 adjusted EPS of 49c exceeded the (39c) consensus, driven by stronger Refining margins and improved performance in Chemicals and Renewable Fuels, partly offset by weaker results in Marketing & Specialties and Midstream.

On April 29, 2026, Phillips 66 (NYSE:PSX) reported Q1 adjusted EPS of 49c versus (39c) consensus. CEO Mark Lashier said the company remains confident in navigating market volatility, citing its integrated business model, balance sheet strength, and “disciplined execution.”

Prior to the earnings release, Morgan Stanley upgraded Phillips 66 to Overweight from Equal Weight and raised its price target to $174 from $147, pointing to upside in the Chemicals segment and relative valuation. The firm described Chemicals as a “key differentiator” and expects disruptions tied to the Iran conflict to keep polyethylene prices elevated in 2026 before easing in 2027.

Phillips 66 (NYSE:PSX) operates as an integrated downstream energy provider across the United States, the United Kingdom, Germany, and international markets.

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