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%.