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Earnings Judgment Day: 7 Stocks Bracing for Epic Stock Volatility Next Week

by Staff Editor
Jul 05, 2024
in Earnings 


It's that time again, earnings-chasers! Another pivotal parade of corporate profits is primed to unleash shockwaves of volatility across the Street over the next few days. From financial titans and industrial juggernauts to obscure biotechs and global telecom players, no sector will be spared the whiplash-inducing impacts of earnings fireworks.

As the stock market's earnings odyssey ventures into a new chapter, let's break down the 7 names staring down high-stakes judgment day next week. Will they deliver on-target shots or fall painfully short of the mark? Buckle up as we hit the rapids:

JPMorgan Chase (JPM) - All eyes will be fixated on the nation's largest bank when the finance juggernaut steps into the earnings confessional booth on Thursday. Can the $600B behemoth extend its stellar streak of topping profit forecasts? Or will recessionary storm clouds and sluggish loan growth trigger a miss and subsequent downdraft?

Citigroup (C) - Fellow Wall Street titan Citi also takes the mic, further magnifying the earnings barrage. The embattled megabank has consistently whiffed in recent quarters, so nailing this one could finally jump-start C's depressed valuation. But another bum steer might have bulls begging for a management shakeup.

Wells Fargo (WFC) - America's other big red stagecoach superbank reports mid-week as well, making it a bonanza for finance-focused portfolios. Can WFC start bringing home the asset gains given its lucrative post-scandal rebirth? Or will more regulatory overhang snuff out hopes for a sustained turnaround?

Ericsson (ERIC) - Up next is one of the world's largest mobile telecom equipment providers in ERIC. The innovative 5G enabler has taken major share from embattled rival Huawei, but steep competition still poses serious earnings risks. And any weakness could accelerate its 40% plunge from recent highs.

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Bank of New York Mellon (BK) - While often overlooked within finance circles, this $45B custodian bank is no joke in terms of Wall Street sway. Investors will crave any clarity around BK's ability to withstand macro pressures and regain its mantle as the bluest of blue chips.

Fastenal (FAST) - On the industrial materials front, FAST brings its own high-wire act as earnings volatility rears its head. Any sales stumbles or margin compression could unravel the construction supply specialist's ambitious recovery rally from 2022's lows.

Cryo-Cell (CCEL) - And leave it to a tiny $55M biotech play to crank the speculative fervor up to 11! CCEL brings massive triple-digit upside potential if its stem-cell therapies hit. But barely beating its penny EPS target could risk an outright faceplant.

From foundational finance to high-risk biotech, next week promises to serve up a veritable gantlet of stomach-churning thrillers and nasty earnings spills. Market trajectory is perpetually reshaped and remade across tumultuous earnings seasons like these.

Alert: July 11th Could Send Markets into Turmoil, Prepare Now! [Full Story >>]

While profits always steal the spotlight, don't sleep on the data lurking beneath the surface as well. Revenue, cash flow, margins, and guidance updates offer invaluable clues that often upstage the binary EPS beat/miss narrative. Even amid chaotic earnings swings, astute investors can unearth mispriced opportunities by following the hidden trails of fundamental breadcrumbs.

Bottom line: Cinch down your rally caps and skip the coffee next week - this earnings rollercoaster will keep you buzzing around the clock no matter your investing style or risk tolerance!

Tags: Earnings 

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