Investors eye earnings data volatility movements as it reflects highest levels in 15 years
Goldman Sachs highlighted a compelling case for investors to stay focused on earnings data scheduled for this week as earnings day movements are at their highest point in 15 years.
“Back to the bull thesis for ‘active management’, the reward for getting earnings day moves right has not been this high in 15 years and expected stock correlation hasn’t been this low for a long time,” Goldman Sachs stated in an investor note over the weekend.
The investment institution went on to add that last quarter, 12% of the stocks inside the benchmark S&P 500 (SP500) moved more than 10% on earnings days, which is more than any other time over the past 15 years.
The note by Goldman Sachs comes out ahead of a trading week that is jam packed with heavyweight names geared up to announce their latest quarterly earnings figures. Highlighted below are 20 names that should draw a lot of attention this week:
Anticipated Earnings This Week
- Ford Motor Company (F), scheduled for Monday.
- Alphabet (GOOG) (GOOGL), scheduled for Tuesday.
- Visa (V), scheduled for Tuesday.
- Advanced Micro Devices (AMD), scheduled for Tuesday.
- McDonald’s (MCD), scheduled for Tuesday.
- Pfizer (PFE), scheduled for Tuesday.
- Microsoft (MSFT), scheduled for Wednesday.
- Meta Platforms (META), scheduled for Wednesday.
- Eli Lilly (LLY), scheduled for Wednesday.
- Caterpillar (CAT), scheduled for Wednesday.
- Coinbase Global (COIN), scheduled for Wednesday.
- Apple (AAPL), scheduled for Thursday.
- Amazon (AMZN), scheduled for Thursday.
- Mastercard Incorporated (MA), scheduled for Thursday.
- Uber Technologies (UBER), scheduled for Thursday.
- Conoco Phillips (COP), scheduled for Thursday.
- Intel (INTC), scheduled for Thursday.
- Exxon Mobil (XOM), scheduled for Friday.
- Chevron Corporation (CVX), scheduled for Friday.
- Dominion Energy (D), scheduled for Friday.