Earnings season is in full swing, and some names reporting this week are positioned for major moves. This week marks the busiest week of the season , with almost one-third of companies in the S & P 500 and exactly a third of those in the Dow Jones Industrial Average set to post quarterly results. That includes five of the "Magnificent Seven," including Amazon , Apple and Meta .
So far, 37% of those in the broad market index have reported this quarter, resulting in what has been a mixed reporting period. According to LSEG, earnings have come in 6.1% above expectations, while revenue is 1.
5% higher, as of Monday. While that sounds upbeat, profits are on track to grow about 3% from the third quarter of 2023, according to FactSet. If this pace continues, earnings growth will be weaker than the 4.
2% expansion analysts forecast heading into the period. Against this backdrop, CNBC Pro screened for stocks that could see meaningful post-earnings moves in either direction based on expectations among investors in the options market. Below are the ones that came up.
Snap is slated for the second-highest post-earnings move in the screen, facing an expected rise or fall of 16.5% following its results on Tuesday. While shares have fallen more than 36% in 2024 and more than 19% in the past three months, the Snapchat parent company has seen some gains heading into its report, rising nearly 3% in afternoon trading Monday.
Last week, the stock advanced more than 1% on Wednesday thanks to JMP Se.
