Welcome to Extreme Investor Network, where we provide you with the latest insights and analysis on the world of investing. Today, we are taking a look at some stocks that are expected to make big moves following their quarterly results.
Earnings in the third quarter have been exceeding expectations, with more than 14% of S&P 500 companies reporting earnings growth of over 6%. So, which stocks should you keep an eye on this week?
First up is telecommunications giant AT&T. The stock has already gained nearly 30% in 2024, and analysts expect it to potentially move up to 4.2% following its third-quarter results on Oct. 23. Both JPMorgan Chase and Goldman Sachs have named AT&T as a top pick, with hopes of a share buyback announcement in the near future.
Next on the list is electric vehicle company Tesla. Despite a rough year, Tesla is still a top contender for a big move, with analysts predicting up to a 6.3% increase following their quarterly results on Oct. 23. However, Tesla recently faced criticism for underwhelming Wall Street with their “We, Robot” event, where it was revealed that the robots showcased were actually controlled by humans.
Lastly, Enphase Energy and Harley-Davidson are also expected to see significant movements based on their latest financial results.
For more in-depth analysis and expert insights on these stocks and more, stay tuned to Extreme Investor Network. Don’t miss out on the latest trends and opportunities in the world of investing. Subscribe today for exclusive content and expert advice on maximizing your investment portfolio.