Traders anxiously wait for the earnings season to make quick gains from the stock price movement, both before and after the earnings announcement. Usually, a company’s stock price reacts, with elevated volume and volatility, both ahead and after a company announces its earnings.
Most experts believe the best way to trade earnings is not to take a position in the earnings release, but to trade the reaction after the release. Also, the use of options to hedge trading risk is a good strategy. Let’s take a look at 10 big companies reporting earnings next week.
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10 Big Companies Reporting Earnings Next Week
This company is a used vehicle retailer that operates through two business segments:CarMax Sales Operations and CarMax Auto Finance. CarMax, Inc (NYSE:KMX) shares are down by over 48% year to date and down almost 2% in the last month.
As of this writing, CarMax shares are trading above $67 with a 52-week range of $54.85 to $145.17, giving the company a market capitalization of more than $10 billion. CarMax will report its earnings on December 22.
This company designs, develops and sells professional turf maintenance equipment and services. Toro Co (NYSE:TTC) shares are up by over 12% year to date and up almost 1% in the last month.
As of this writing, Toro shares are trading above $112 with a 52-week range of $71.86 to $113.99, giving the company a market capitalization of more than $11 billion. Toro will report its earnings on December 21.
This company offers integrated financial information, as well as analytical applications and services to the financial community. FactSet Research Systems Inc. (NYSE:FDS) shares are down by almost 6% year to date but are up almost 4% in the last month.
As of this writing, FactSet Research Systems shares are trading above $456 with a 52-week range of $345.92 to $495.40. FactSet Research Systems will report its earnings on December 20.
This company develops and sells aerospace, defense, and electronic related products and services. Heico Corp (NYSE:HEI) shares are up by over 9% year to date but are down almost 2% in the last month.
As of this writing, Heico shares are trading above $157 with a 52-week range of $126.95 to $165.79, giving the company a market capitalization of more than $18 billion. Heico will report its earnings on December 20.
This company offers solutions and services for payroll, human resource, insurance and retirement. Paychex, Inc. (NASDAQ:PAYX) shares are down by almost 10% year to date but are up by over 2% in the last month.
As of this writing, Paychex shares are trading above $123 with a 52-week range of $105.66 to $141.92, giving the company a market capitalization of more than $44 billion. Paychex will report its earnings on December 22.
This company focuses on transportation, e-commerce and business services. FedEx Corporation (NYSE:FDX) shares are down by almost 32% year to date but are up by almost 4% in the last month.
As of this writing, FedEx shares are trading above $176 with a 52-week range of $141.92 to $266.79, giving the company a market capitalization of more than $46 billion. FedEx will report its earnings on December 20.
This company offers a range of products and services to businesses, including uniforms, mats, fire extinguishers, restroom supplies and more. Cintas Corporation (NASDAQ:CTAS) shares are up by over 4% year to date and up almost 4% in the last month.
As of this writing, Cintas shares are trading above $464 with a 52-week range of $343.86 to $470.23. Cintas will report its earnings on December 21.
This company makes and sells branded consumer foods through retail stores. General Mills, Inc. (NYSE:GIS) shares are up by over 29% year to date and up over 10% in the last month.
As of this writing, General Mills shares are trading above $86 with a 52-week range of $61.67 to $87.78, giving the company a market capitalization of more than $51 billion. General Mills will report its earnings on December 20.
This company offers computer memory and computer data storage solutions, including dynamic random-access memory, flash memory, and USB flash drives. Micron Technology Inc (NASDAQ:MU) shares are down by almost 41% year to date and down over 6% in the last month.
As of this writing, Micron Technology shares are trading above $55 with a 52-week range of $48.45 to $98.45. Micron Technology will report its earnings on December 21.
This company designs, develops and sells athletic footwear, apparel, accessories, equipment, and services. Nike Inc (NYSE:NKE) shares are down by over 32% year to date but are up by over 7% in the last month.
As of this writing, Nike shares are trading above $112 with a 52-week range of $82.22 to $171.19, giving the company a market capitalization of more than $175 billion. Nike will report its earnings on December 20.