Biggest Earnings Reports to Watch Next Week Earnings season began this week, but as shown in the chart below, things don’t really pick up until next week and beyond. Next week, companies with a combined $5.5 trillion in market cap will report Q3 numbers, while $11.2 trillion in market cap will report the following week. From our Earnings Calendar tool, below is a list of the 40 largest companies set to report their Q3 numbers next week. For each company, we include key info like its historical earnings beat rate, its average one-day price change in reaction to earnings, and its average absolute one-day price change in reaction to earnings. The average absolute number tells you how volatile a stock normally is on its earnings reaction day. On Monday we’ll hear from two more big Financial sector firms — Bank of America (BAC) and Charles Schwab (SCHW). Johnson & Johnson (JNJ), Goldman (GS), UnitedHealth (UNH), and Morgan Stanley (MS) are set to report on Tuesday morning, while Netflix (NFLX) and IBM will headline Tuesday after the close. Netflix is by far the most volatile of the big companies reporting earnings next week with an average absolute move of +/-13.24% on its earnings reaction days. Wednesday is relatively slow on the earnings front as Abbott Labs (ABT) is the only $100+ billion company reporting that day. On Thursday we’ll hear from PayPal (PYPL), American Express (AXP), and Intuitive Surgical (ISRG) after the close. Finally, Procter & Gamble (PG), Honeywell (HON), and Schlumberger (SLB) will round out the week with reports on Friday morning. Of the names listed, JNJ, UNH, GS, ISRG, and NFLX have the highest earnings beat rates, while CSX, BX, PYPL, ISRG, and CP have historically experienced the biggest gains on their earnings reaction days.
As I said, the collapse this week happened on vapors [i.e., no real catalyst]. According to my theory, the broad buy zone is from 2710 to 2850. If you purchased at 2850, minimally you can break even. But, more than likely you can profit. At the 2850 to 2870 level, everything depends on the price action, etc. at that point.
wow i guess i am really slow this week, but i just noticed we had cracked 100 posts on this thread this week ... it has been a while thx to everyone who contributed with great commentary in here this week!
Yeah it is a pretty nice bounce back into the close for the market after losing a lot of its gains in the middle of the day
SPX close at 2766. Good enough. As long as it closed above 2760, a bullish close to set things up for Monday.
Small caps did bounce back to close slightly in green, but still underperformed the big caps significantly
good stuff @Frankenstein was great seeing ya back at again in here this week have a great weekend everyone! catch everyone back at it here same bat time, same bat channel monday morning!
