Welcome to Extreme Investor Network, where we provide you with exclusive insights and analysis on the latest trends in the world of investing. Earnings season is currently in full swing, and some big names are gearing up to report their quarterly results this week. This week is the busiest of the season, with a significant portion of companies in the S&P 500 and the Dow Jones Industrial Average set to post their numbers. Among them are key players like Amazon, Apple, and Meta, making this a particularly exciting time for investors.
According to data from LSEG, earnings have been exceeding expectations by 6.1%, while revenue is up by 1.5% as of Monday. However, despite these positive numbers, profits are only expected to grow by about 3% from the third quarter of 2023, which is below the 4.2% expansion that analysts had forecasted. This mixed reporting period sets the stage for potential market-moving events in the coming days.
At Extreme Investor Network, we have screened for stocks that are likely to see significant post-earnings moves based on market expectations. Two names that have caught our attention are Snap and Peloton. Snap, the parent company of Snapchat, is expected to experience a 16.5% rise or fall following its earnings report on Tuesday. Despite recent declines in its stock price, Snap has seen some positive momentum leading up to its report, with analysts citing potential catalysts for growth in the company’s future.
Peloton, on the other hand, is expected to have the biggest predicted post-earnings move at 17%. The global fitness company has seen substantial gains in recent months, with notable investor David Einhorn suggesting that it could be worth significantly more if it makes strategic cost-cutting moves. These insights provide valuable information for investors looking to capitalize on potential market shifts following earnings announcements.
In addition to Snap and Peloton, other companies like Robinhood and SoFi Technologies are also expected to see significant moves after their earnings reports this week. Robinhood, with its recent announcement about trading contracts related to the U.S. presidential election, is projected to experience a 10.2% move, while SoFi Technologies is expected to see an 11.5% move based on market expectations.
Stay tuned for more exclusive insights and analysis from Extreme Investor Network as we continue to track the latest developments in the world of investing. Our commitment to providing valuable information and unique perspectives sets us apart as the go-to resource for savvy investors looking to stay ahead of the curve. Join our network today and take your investing to the next level.