Welcome to Extreme Investor Network, where we bring you the latest insights and analysis on the world of investing. Today, we are diving into the second-quarter earnings season, where several high-profile companies are gearing up to release their quarterly results. But what does this mean for investors? Let’s take a closer look at some of the top companies to watch this week.
First up is solar company Enphase Energy, which is expected to have the biggest post-earnings move at 11.9%. This means that investors should brace themselves for potential volatility in Enphase’s stock price once the results are public on Tuesday. Additionally, music streaming giant Spotify and fast-casual restaurant chain Chipotle Mexican Grill are also on the radar with expected moves of 9.4% and 8.9% respectively. Spotify is especially well-liked on Wall Street, with 26 out of 36 analysts giving it a “buy” or “strong buy” rating and an average price target of $351 per share.
But it’s not just Enphase, Spotify, and Chipotle that investors should keep an eye on. Electric vehicle maker Tesla, with a market cap of roughly $800 billion, is expected to see an 8.2% move following its earnings report on Tuesday. The analyst community remains divided on Tesla, with only 22 out of 50 analysts giving it a buy or strong buy rating. Another major player to watch is Google parent Alphabet, which is set to report on Tuesday with an implied move of 5.5% – a significant move for a company with a market cap above $2 trillion.
As the earnings season unfolds, these companies could have a big impact on the overall market. Stay tuned to Extreme Investor Network for more updates on these and other investing opportunities. Remember, knowledge is power when it comes to investing wisely.