We delve into an incredibly busy week for S&P 500 earnings, with a record number of companies scheduled to report. We kick off with a deep dive into SoFi and Onsemi's earnings announcement, scheduled for before the market open on Monday. Despite SoFi's impressive 46% rally since its last earnings, the investor community holds a bearish view. Onsemi, meanwhile, is facing investor skepticism despite hitting a 52-week high.
The episode also examines the investor sentiment for AMD and Norwegian Cruise Line. AMD enjoys peak bullish sentiment despite missing whisper expectations last quarter, while Norwegian Cruise Line, even after hitting a 52-week high, is marred by a bearish sentiment. We also discuss the contrasting investor sentiment for PayPal, which has hit a new low, and Shopify, which is riding on investor optimism, both slated to report earnings on Wednesday.
A substantial portion of the episode is dedicated to the market heavyweights - Amazon and Apple. They are the major focus among more than 400 companies reporting earnings on Thursday. Amazon sees its highest investor sentiment since late 2021, while Apple, though modestly bullish ahead of earnings, starkly contrasts its sentiment measure hitting a decade-low at the start of the year.
Our final focus of the week lies on fuboTV and Nikola's earnings announcement on Friday. Despite rising earnings estimates over the past year, their stock prices have trended lower, reflected in their investor sentiment.
Moreover, amid approximately 1200 companies releasing their earnings reports this week, our podcast sheds light on companies with elevated volatility - DermTech, Puma Biotechnology, FIGS, and Rover. Options are pricing in greater than usual moves, following their double-digit earnings swings over the past several quarters.
