Core Insights - Analysts at Goldman Sachs have identified 20 stocks with strong upside potential for the upcoming earnings season, suggesting these represent significant opportunities for options traders [1][2] Earnings Season Volatility - The last quarter saw the highest level of earnings-related volatility in US stocks since 2009, with expectations for similar swings in the upcoming season [2] - Goldman Sachs recommends buying call options to capitalize on anticipated volatility and positive earnings results, indicating above-average returns from stocks during this period [2] Highlighted Stocks - Wynn Resorts (WYNN): Year-to-date performance of +46.6%, earnings date on November 6, with an implied stock move of 9.6% [3] - Suncor Energy (SU): Year-to-date performance of +12.8%, earnings date on October 30, with an implied stock move of 1.7% [4] - StepStone Group (STEP): Year-to-date performance of +7.0%, earnings date on November 7, with an implied stock move of 5.2% [5] - eToro Group (ETOR): Year-to-date performance of -40.7%, earnings date on November 10, with an implied stock move of 9.3% [6] - Citigroup (C): Year-to-date performance of +37.5%, earnings date on October 14, with an implied stock move of 5.3% [7] - Neurocrine Biosciences (NBIX): Year-to-date performance of +0.6%, earnings date on October 28, with an implied stock move of 6.1% [8] - Boston Scientific Corp. (BSX): Year-to-date performance of +9.1%, earnings date on October 22, with an implied stock move of 5.1% [9] - Exelixis (EXEL): Year-to-date performance of +13.0%, earnings date on October 29, with an implied stock move of 15.4% [10] - Huntington Ingalls Industries (HII): Year-to-date performance of +53.4%, earnings date on October 31, with an implied stock move of 7.6% [11] - Johnson Controls (JCI): Year-to-date performance of +36.7%, earnings date on November 5, with an implied stock move of 7.3% [12] - Cameco Corp. (CCJ): Year-to-date performance of +65.4%, earnings date on November 5, with an implied stock move of 3.8% [13] - Air Products & Chemicals Inc. (APD): Year-to-date performance of -6.8% [14]
Goldman says these 20 overlooked stocks are poised to spike this coming earnings season