Watch out. These stocks reporting this week, including Meta, are primed for huge moves post-earnings

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Breaking News: Markets,Meta Platforms Inc,Hertz Global Holdings Inc

Activity in the options market suggests that traders expect these stocks to see big moves after earnings.

The busiest week of earnings season has arrived, with about 160 of the S & P 500 companies set to report, and some stocks could see major moves on the back of those releases. Those reports come at a delicate time for Wall Street. The S & P 500 and Nasdaq Composite fell last week as investors rotated out of technology sector winners in favor of beaten-down small-cap names.

With 10 analysts issuing a buy or strong buy rating, the average price target is roughly $15, which is more than 14% above current levels. Two names in the auto industry, Carvana and Hertz , are the next high-profile stocks on the list with an expected move of 15.1% and 15%, respectively. Carvana reports after the bell on Wednesday, while Hertz releases its results before the open on Thursday. Carvana, has had a monster year, with the stock surging more than 140%.

 

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