With the busy first-quarter earnings season underway, some stocks still due to report could see big moves. First-quarter earnings boosted the stock market this week, with more than 77% of companies in the S&P 500 beating analysts’ expectations, according to FactSet. According to data released by the London Stock Exchange on Friday, the S&P 500’s first-quarter profit increased by about 5.6% year-on-year. This week, nearly a third of the companies in the S&P 500 and 20% of the companies in the Dow Jones Industrial Average will report earnings. Existing names range from big-name artificial intelligence companies AMD and Amazon to healthcare giants like Moderna. CNBC Pro sifts through options expiring Friday that could lead to big gains or losses after earnings, depending on investor expectations in the options market. We use 85% of the total premium on the at-the-money straddle to calculate the price change. Here are the companies that fit the criteria: Peloton has the highest expected post-earnings implied move at 21%, according to FactSet. The stock rose about 3% on Monday but has fallen more than 46% this year as it struggles to retain app users. Earlier this year, the home fitness brand quietly removed unlimited free memberships from its app less than a year after its launch after finding it failed to convert enough users into paying subscribers. Ahead of Peloton’s earnings on Thursday, Bank of America analyst Curtis Nagle reiterated his underperform rating and $3.25 price target, suggesting the stock could rise just 1.3%. “We remain cautious about user growth not yet picking up, despite new initiatives such as our partnership with TikTok in January,” Nagel wrote in a note on Monday. “We believe that to be significant Improving investor sentiment and stock prices will require a return to sustained user growth (along with cost efficiencies and debt maturities). Chipmakers Super Micro Computer and Advanced Micro Devices could also see some big moves this week, with gains or losses of as much as 12.6 each. % and 7.4%. Both stocks are down more than 11% this year, losing some steam as the chipmaker’s rally has cooled in recent weeks. On Tuesday, JPMorgan maintained its bullish stance on AMD, reiterating its overweight rating and $1,150 price target, implying a potential upside of more than 34%. Although the stock fell this quarter, the company said its long-term expectations for AMD’s revenue and market share as part of the overall artificial intelligence server market remain unchanged. JP Morgan analyst Samik said: “Super Micro has a strong product portfolio, including full rack-scale solutions and liquid cooling systems, as well as a unique product development and construction approach to achieve rapid implementation in the strong computing demand outlook led by artificial intelligence. Product update. Image-sharing platform Pinterest could rise or fall 11.2%, respectively. Goldman Sachs said Pinterest’s first-quarter revenue will be higher, in part due to a stronger digital advertising environment, the company said. Revenue may struggle slightly in the second half of the year, but a Buy rating remains.
