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 Securities upgrading it to market outperform from market perform. Seeing the app’s planned redesign as a catalyst for growth, analyst Andrew Boone also set his price target at $17, which reflects more than 62% upside from Friday’s close. “With Snap set to roll out Simple Snapchat and launch Sponsored Snaps, we see an inflection in impression growth as we believe the company can grow U.S. and North American engagement and drive greater ad load with its new ad products,” the analyst wrote in the note. Peloton , which is scheduled to report before the bell on Thursday, had the biggest predicted post-earnings move in the screen at 17%. Shares of the global fitness company have experienced massive gains in recent months, with shares soaring more than 103% in the past six months and around 78% in the past three. The stock also moved more than 2% on Friday following the news that Greenlight Capital’s David Einhorn thinks it could be worth about five times its current trading levels if the company cuts costs. “Facing bankruptcy can force change,” Einhorn said during a presentation at Robin Hood Investors Conference last week. “Peloton has started to right-size and cash burn has stopped. It refinanced its debt to push out maturities. And with a loyal customer base that pays $44 per month, it’s a valuable subscription business.” Robinhood – which announced Monday that users can start trading a Kamala Harris or Donald Trump contract as the U.S. presidential election nears – is expected to see a 10.2% move after its results post-market close on Wednesday. The stock has had a monster rally this year, popping more than 120%. Meanwhile, SoFi Technologies is expected to see a move of 11.5% on the heels of its report before market open on Tuesday. The financial services provider has jumped around 52% in the past three months and more than 41% in the past month.
