Bank of America has recently spotlighted five stocks that it believes are positioned for significant upside as investors prepare for the upcoming quarterly earnings reports. The firm has indicated a preference for companies that demonstrate resilience in the current challenging macroeconomic environment. Among the stocks highlighted are Coupang, PayPal, Fidelity National Information Services, Relx, and Flutter Entertainment, all of which are rated as buy.

Analyst Jason Kupferberg has expressed confidence in PayPal ahead of its earnings report later this month. Even though he has tempered expectations, acknowledging that the company may face hurdles, he also sees signs of a turnaround. Kupferberg stated, While not our base case, in our view, it would not be unreasonable for PYPL to decline to affirm full-year guidance until more macro clarity emerges. Along with this cautious outlook, the price target for PayPal shares has been adjusted from $103 to $93. Notably, the stock has experienced a decline of 28% this year, leading Kupferberg to recommend that investors take advantage of any dips in price, citing several positive catalysts that could unfold in the coming year.

Turning to Fidelity National Information Services (FIS), Kupferberg remains optimistic about the company's prospects. The fintech giant is expected to report its earnings in early May, and according to the analyst, it remains a top choice for Bank of America. A solid 1Q print could be a modestly positive catalyst, as FIS is relatively insulated from current elevated levels of macro uncertainty, given its limited exposure to non-discretionary consumer spending and approximately 80% recurring revenues, he noted. Despite a 7% drop in shares this year, Kupferberg believes the valuations remain appealing, projecting an attractive risk/reward ratio for investors due to FIS' stable revenue streams and sustainable margin growth.

Flutter Entertainment, a key player in the sports betting sector, has seen its shares fall nearly 12% this year. However, analyst Adrien de Saint Hilaire advises investors to buy the dip. He has underscored that the underlying trends for the company are solid, despite facing challenges like slowing consumer spending and increasing competition. De Saint Hilaire explained that while it may take time for the overhang affecting the U.S. market to dissipate, concerns on other fronts may be overstated. He highlighted several positive catalysts on the horizon, including further state legalization of sports betting, the strength of Flutters technical platform, international expansion, and favorable foreign exchange movements. Flutter also figures prominently on the firm's list of top investment ideas for 2025.

Regarding Coupang, the South Korean e-commerce giant, analysts anticipate that its first quarter results will align closely with market expectations, predicting net sales of approximately $7.9 billion and adjusted EBITDA of $402 million. Bank of America believes that Coupang is among the few retailers capable of both gaining market share and enhancing its return profile during this period. The companys earnings are expected to benefit from robust growth and improved margins in its product commerce segment, as well as a successful turnaround in its developing offerings.

Relx, a global provider of information-based analytics and decision tools, is also attracting attention. The firm trades at a discount compared to its peers in the Information Services sector, which presents a potential opportunity for revaluation. Analysts are optimistic that this could occur as Relx demonstrates sustained growth in its Risk & Business Analytics segment, leverages generative AI to boost growth in Legal, and enhances its performance in science, technical, and medical areas through a shift towards higher-growth databases and tools.

In summary, despite the challenges faced by these companies, Bank of Americas analysts are optimistic about their potential for recovery and growth. The current market conditions present both challenges and opportunities for savvy investors willing to navigate them.

As an exciting development for investors, CNBC is hosting an exclusive event, CNBC Pro LIVE, at the historic New York Stock Exchange. This inaugural event, taking place on June 12, will provide in-depth insights from financial experts. Attendees can participate in interactive clinics led by seasoned analysts and network with CNBC talent and fellow investors during a cocktail hour on the trading floor. Tickets are limited, emphasizing the importance of timely registration for those interested in gaining valuable market insights.