It’s earnings season once again, and all eyes will surely be on the biggest names in tech — but which under-the-radar names should investors be paying attention to?
Analysts at Goldman Sachs highlighted a list of 20 stocks it believed had strong upside potential heading into earnings. The bank said the list represented the “most out-of-consensus opportunities” for options traders heading into third-quarter results.
US stocks saw the highest level of earnings-related volatility since 2009 last quarter, the analysts said, with expectations for similar swings to come.
“Buy calls to position for a volatile but positive earnings season,” researchers led by John Marshall, the head of derivatives research at the bank, wrote. “Considering all of these factors, we expect above average volatility and above average returns from stocks on events, making call buying unusually attractive.”
Here are the 20 stocks investors should consider buying call option on, according to the bank.
Ticker: WYNN
Year-to-date performance: +46.6%
Earnings date: November 6
Implied stock move: 9.6%
Ticker: SU
Year-to-date performance: +12.8%
Earnings date: October 30
Implied stock move: 1.7%
Ticker: STEP
Year-to-date performance: +7.0%
Earnings date: November 7
Implied stock move: 5.2%
Ticker: ETOR
Year-to-date performance: -40.7%
Earnings date: November 10
Implied stock move: 9.3%
Ticker: C
Year-to-date performance: +37.5%
Earnings date: October 14
Implied stock move: 5.3%
Ticker: NBIX
Year-to-date performance: +0.6%
Earnings date: October 28
Implied stock move: 6.1%
Ticker: BSX
Year-to-date performance: +9.1%
Earnings date: October 22
Implied stock move: 5.1%
Ticker: EXEL
Year-to-date performance: +13.0%
Earnings date: October 29
Implied stock move: 15.4%
Ticker: HII
Year-to-date performance: +53.4%
Earnings date: October 31
Implied stock move: 7.6%
Ticker: JCI
Year-to-date performance: +36.7%
Earnings date: November 5
Implied stock move: 7.3%
Ticker: CCJ
Year-to-date performance: +65.4%
Earnings date: November 5
Implied stock move: 3.8%
Ticker: APD
Year-to-date performance: -6.8%
Earnings date: November 7
Implied stock move: 6.5%
Ticker: HSY
Year-to-date performance: +13.6%
Earnings date: October 30
Implied stock move: 4.6%
Ticker: CELH
Year-to-date performance: +133.5%
Earnings date: November 6
Implied stock move: 13.2%
Ticker: MCHP
Year-to-date performance: +15.2%
Earnings date: November 5
Implied stock move: 9.9%
Ticker: AVGO
Year-to-date performance: +47.81
Earnings date: December 12
Implied stock move: 7.6%
Ticker: MSGE
Year-to-date performance: +18.1%
Earnings date: November 7
Implied stock move: 2.4%
Ticker: MNDY
Year-to-date performance: -17.5%
Earnings date: November 11
Implied stock move: 13.6%
Ticker: DIS
Year-to-date performance: +0.9%
Earnings date: November 13
Implied stock move: 5.9%
Ticker: AEP
Year-to-date performance: +27.8%
Earnings date: October 29
Implied stock move: 4.1%
