New feature: 1 Vote = 0.10€ for server Owner!

Spotify, Tesla among stocks with earnings this week that could see big moves

Pelican Press · 2024-07-22T20:43:50+0000

This is the hidden content, please Sign In or Sign Up Spotify, Tesla among stocks with earnings this week that could see big moves Second-quarter earnings season is in full swing, and several high-profile companies could see big moves in their stock prices this week once their results are public. CNBC Pro screened FactSet data to find the companies reporting this week that have the biggest expected post-earnings moves, up or down, as implied by pricing in the options market. The stock with the biggest implied move is solar company Enphase Energy at 11.9%. Enphase is set to release its results on Tuesday. Two other high-profile names in the top five of the list are Spotify and Chipotle ******** Grill , with implied moves of 9.4% and 8.9%, respectively. Spotify will report its results on Tuesday, while Chipotle will do so on Wednesday. Of those three stocks, Spotify is the most well-liked on Wall Street. According to LSEG, there are 36 analysts that cover Spotify, and 26 of them have either a “buy” or “strong buy” rating on the streaming music stock. Those analysts also have an average price target of roughly $351 per share, or about 20% above current levels. There are several other major stocks that could have a big impact on the overall market, if their implied moves come true. One of those is Tesla , which still has a market cap of roughly $800 billion despite underperforming this year. The stock has an expected move of 8.2% following its earnings report on Tuesday. Wall Street is largely split on Tesla. Of the 50 analysts who cover Tesla, just 22 have buy or strong buy ratings, according to LSEG. Another big name on the list is This is the hidden content, please Sign In or Sign Up -parent Alphabet , which is set to report results on Tuesday. The implied move is only 5.5%, but that would be a significant move for a stock with a market cap over $2 trillion. This is the hidden content, please Sign In or Sign Up #Spotify #Tesla #among #stocks #earnings #week #big #moves This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up

By Pelican Press,
July 22, 2024 in World News

https://hopzone.eu/forums/topic/73856-spotify-tesla-among-stocks-with-earnings-this-week-that-could-see-big-moves/

Followers 0

Reply to this topic

Trader Feedback

0 0 0

Total Rating 0%

Diamond Member

- Share

Posted July 22, 2024

This is the hidden content, please