What to Expect as 11 of the Top 25 Stocks Report Earnings
What to Expect as 11 of the Top 25 Stocks Report Earnings
Upcoming earnings and a template for overall market expectations
- Measures by market cap, this is the biggest week for earnings.
- We provide the expected move, and a breakdown of past earnings moves in the stocks reporting earnings this week.
- We examine potential movement in the SPX and NDX based on the earnings expectations.
There is a whole lot going on this week—earnings announcements and an interest rate decision from the Fed, among a slew of noteworthy economic numbers.
All that with the markets at highs and volatility near lows.
For this week's cherry picks report (sign up free HERE!), we dive into the upcoming earnings and provide a template for overall market expectations.
Some of the biggest players to report this week
By market cap, this week represents the biggest weighting for both the S&P 500 and the Nasdaq 100. For the S&P 500, 11 of the top 25 stocks report earnings this week with a weighting to the index of just under 28%.
We took the current weekly expected move in these stocks and extrapolated it out into points in the index. So here, Microsoft (MSFT) represents the highest weighting at 7.3% with an expected move through the end of the week of $17.53. If MSFT were to go up $17.53—this would equate to $15.42 points in SPX.
In total, the deviation of the expected range accounting for these 11 stocks equates to roughly $60 in either direction, representing a potential swing of roughly 1% to 2% in the S&P 500 on these stocks alone.
The Nasdaq 100 outlook
The Nasdaq 100 on the other hand is much more heavily weighted toward the top 10 stocks. Given its rise, we included Advanced Micro Devices (AMD), which has the No. 11 weighting in the Nasdaq.
At almost 18% of the weighting, Apple (AAPL) and Microsoft have the potential to swing the Nasdaq 0.50%-1%. In total, these seven stocks account for roughly 35% of the weighting of the Nasdaq 100.
Of course, it's unlikely that all these stocks would move in the same direction, or that they all would move equally in the expected direction. But it would not be a shock to have a 1% to 2% up/down range in the S&P 500 and the Nasdaq 100 through the end of the week.
Check out the full email HERE to download the helpful earnings PDF.
What do you think, are we setting up for a squeeze higher or a move to the downside? Hit me up on X @tradernickybat.
Nick Battista, tastylive director of market intelligence, has a decade of trading experience. He appears Monday-Friday on Options Trading Concepts Live. On Wednesdays, he co-hosts Johnny Trades. @tradernickybat
For live daily programming, market news and commentary, visit tastylive or the YouTube channels tastylive (for options traders), and tastyliveTrending for stocks, futures, forex & macro.
Trade with a better broker, open a tastytrade account today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.
tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.
tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.
tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.
© copyright 2013 - 2024 tastylive, Inc. All Rights Reserved. Applicable portions of the Terms of Use on tastylive.com apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastylive’s podcasts as necessary to view for personal use. tastylive was previously known as tastytrade, Inc. tastylive is a trademark/servicemark owned by tastylive, Inc.