Snowflake leads five-stock earnings watchlist with 12.40% implied move

  • Snowflake leads Benzinga’s five-company earnings watchlist by implied volatility.
  • 12.40% is Snowflake’s implied move, with about $14.1 billion at stake.
  • Medtronic reports Tuesday before the open; Broadcom reports Wednesday after the close.

A Benzinga-selected watchlist of five companies reporting next week shows options markets pricing in post-earnings moves ranging from 5.42% for Medtronic to 12.40% for Snowflake. Broadcom is the largest company on the list, with its $1.7 trillion market capitalization making a 7.96% implied move equivalent to about $139 billion in market value. Snowflake has the widest expected swing, followed by Dell Technologies at 10.67%, Palo Alto Networks at 9.91%, and Broadcom. Medtronic has the narrowest implied move but still has $6.26 billion of market value at stake. Options-implied moves (market-based estimates of expected price volatility) reflect traders' positioning before earnings, while guidance and forward commentary can influence shares more than reported earnings or revenue.

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