These stocks are set to move the most on earnings this week

Some well-known stocks could see big moves on the back of earnings reports this week. The third-quarter season is revving up despite several companies being closed on Monday for Columbus Day. Major reporters on the docket range from United Airlines to Goldman Sachs . CNBC Pro screened to find the stocks that could see the biggest swings in either direction following their earnings releases this week. To do this, CNBC Pro looked at the expected move based on activity in the options market. Here’s the stocks that can see the largest potential post-earnings moves: Walgreens is expected to see the largest action, rising or tumbling 12.2%. Shares of the pharmacy chain, which reports Tuesday, have been in a rough patch. The stock is down more than 60% in 2024, putting it on track for its third straight losing year and eighth negative year of the last nine. WBA YTD mountain Walgreens Boots Alliance, year to date The company was replaced by Amazon in the Dow Jones Industrial Average earlier this year. While the typical analyst polled by LSEG has a hold, they expect a rebound ahead with a price target suggesting shares can bounce more than 13%. Looking down the list, aluminum stock Alcoa reports on Wednesday and has an implied move of 7% in either direction. Shares have jumped more than 20% in 2024, which would mark its first positive year of the last three. Analysts surveyed by LSEG have a buy rating and price target suggesting shares can climb 7%. Bank of America joined the bull camp earlier this month, upgrading the stock to buy from neutral. Analyst Lawson Winder said he recommended Alcoa as a way to gain exposure to strong aluminum prices. Later in the week, investor attention will center on Netflix ‘s report on Thursday. The options market is anticipating shares of the megacap technology stock to move up or down by 6.8%. Netflix shares have jumped around 48% so far this year, building on last year’s rally of about 65%. Oppenheimer’s Jason Helfstein was one Wall Street analyst raising his price target on the streaming stock ahead of earnings, signaling that he see upside after what should be a strong report. “We believe NFLX’s dominance will continue, given its clear advantage in producing high-engagement content and monetizing that content more effectively than peers,” he wrote to clients. Helfstein’s outperform rating puts him in the majority on Wall Street. The average analyst surveyed by LSEG has a buy rating, with a price target suggesting shares should hover around flat for the next year.