Some stocks could post sizable moves this week on the back of corporate earnings reports this week. Despite the fact that more than four out of every five stocks in the S & P 500 have already reported earnings this season, there are still some key names investors will keep on that have yet to share results. Among them are Nvidia , Moderna , Lucid and Berkshire Hathaway . So far, it’s been a fairly good earnings season. More than three-fourths of S & P 500 firms that have already reported have exceeded Wall Street expectations, according to FactSet. As the new week ramps up, CNBC Pro searched for stocks that could be in for big changes in share price — either up or down — after posting earnings. To find these, CNBC Pro looked at a stock’s implied options volatility, which is a gauge of how much shares could move in either direction in response to an important event like an earnings report. CNBC Pro then screened for stocks with reports happening Wednesday after the bell or later this week. Here’s 10 that made the list: Nvidia, one of the most popular stocks in the market as of recent, has the potential to shift 9.6% in either direction after reporting on Wednesday following the market’s close. The artificial intelligence darling’s report comes amid a period of major strength for the stock, as shares have climbed more than 38% this year after soaring nearly 239% in 2023. Nvidia is part of the “Magnificent Seven,” a group of megacap technology names credited with driving the market higher over the last several months. Wall Street expects more steam ahead, with the typical analyst surveyed by FactSet holding a buy rating and price target reflecting nearly 10% in upside. Raymond James analyst Srini Pajjuri told clients in a Tuesday note to expect another strong quarter from the semiconductor maker. A post-earnings slide would likely be short-lived, he added. “We view any pullback as an opportunity,” Pajjuri wrote while reiterating his strong buy rating. NVDA YTD mountain Nvidia shares since the start of 2024. Nikola has an expected move of more than 31%. The company, whose stock has dropped more than 21% so far this year, is slated to report fourth-quarter financials Thursday before the bell. Despite a rough performance this year, Baird analyst Ben Kallo initiated coverage of the stock at an outperform rating late last month, citing opportunity in the zero-emissions trucking space. His price target of $2 implies shares can add almost 190%. “We see significant potential in the market for zero-emissions trucking and believe NKLA has finally found the right management team to capitalize on the opportunity,” Kallo told clients. Meanwhile, the average analyst polled by FactSet has a hold rating on the penny stock, but the same price target as Kallo. Retailer Wayfair may also be in for a notable move, with the options market seeing it rise or fall by 13.7%. Wayfair reports before the bell on Thursday. The stock has dropped 19% in 2024, relinquishing some gains after jumping more than 87% in the prior year. Most analysts have an overweight rating on the stock with a price target showing it can rebound to gain 36% over the next year, per FactSet. Shares are currently at a “tricky” level from a technical standpoint, JPMorgan analyst Christopher Horvers said. Challenges for the stock on earnings day include the ability to understand the credibility of improving sales over 2024 and then attach a value that. On the broader scale, he’s bullish on the stock with an overweight rating. But he cut his price target by $3 to $80 on Friday ahead of the report. “The company continues to outperform the US home furnishings market QTD, with post-holiday weakness, lack of events, and poor weather YOY impacting overall category consumption,” he told clients. “We are cautiously optimistic that a positive shift in market share trends combined with management’s newfound commitment to controlling expenses/investments should cause a significant inflection in earnings revisions from steeply negative over the past two years to positive, on top of what we view as an attractive valuation.”
