Financial Performance - Phillips 66 is expected to report fiscal Q2 earnings of $1.75 per share and sales of $32.1 billion, reflecting a 26% decrease in earnings and a 16% drop in sales compared to last year's figures of $2.38 per share and $38.1 billion [2] - In Q1, the company reported net earnings of $487 million, a significant increase from $8 million in Q4, with strong performance in midstream, chemical, and marketing segments offsetting losses in refining [2] - The current market capitalization of Phillips 66 stands at $51 billion, with total revenue over the past twelve months reaching $138 billion, and operating profits of $604 million alongside net income of $1.9 billion [2] Historical Trends - Historical data indicates that Phillips 66 stock has fallen 63% of the time on the day following earnings announcements, with a median decline of 2.5% and maximum one-day negative returns reaching 6% [2] - Over the past five years, there have been 19 earnings data points, with favorable one-day returns observed approximately 37% of the time, which increases to 45% when considering the last three years [4] - The median of the seven positive returns is 1.5%, while the median of the twelve negative returns is -2.5% [4] Correlation Analysis - A strategy to analyze the correlation between immediate and medium-term returns following earnings announcements can help traders adjust their positions accordingly [3][5] - The correlation between 1D post-earnings returns and subsequent 5D returns can be utilized to position trades effectively, especially if the 1D return is positive [5]

Core Insights - Dell Technologies is set to report earnings on May 29, 2025, with analysts expecting earnings of $1.69 per share and sales of $23.2 billion, an improvement from the previous year's earnings of $1.27 per share and sales of $22.2 billion [2] - Historically, Dell has experienced a negative one-day return following earnings announcements in 53% of cases over the past five years, with a median decline of -4.9% and the largest drop being -17.9% [1][6] Financial Performance - Dell Technologies has a market capitalization of $80 billion and generated $96 billion in revenue over the last twelve months, with operating profits of $6.2 billion and net income of $4.6 billion [3] - The company has recorded 19 earnings data points in the last five years, with 9 positive and 10 negative one-day returns, resulting in positive returns approximately 47% of the time [6] Trading Strategies - Traders may consider pre-earnings positioning based on historical odds and post-earnings positioning by analyzing the relationship between immediate and medium-term returns [5] - A strategy involving the correlation between short-term and medium-term returns can be employed, where a positive 1D return may lead to a long position for the next 5 days if 1D and 5D returns show high correlation [4]

Core Viewpoint - Marvell Technology is expected to report improved earnings and sales compared to the previous year, but historical trends indicate a tendency for negative one-day returns following earnings announcements [2][3]. Financial Performance - Current consensus estimates project Marvell Technology to report earnings of $0.61 per share on sales of $1.88 billion, a significant increase from the previous year's earnings of $0.24 per share on sales of $1.16 billion [2]. - The company has a market capitalization of $55 billion and generated $5.8 billion in revenue over the last twelve months, but reported operational losses of -$366 million and a net income of -$885 million [3]. Historical Earnings Trends - Marvell Technology has experienced negative one-day returns following earnings announcements in 62% of instances, with a median decline of -5.9% and a maximum drop of -19.8% [2][7]. - Over the last five years, there have been 16 earnings data points recorded, with 6 positive and 10 negative one-day returns, resulting in positive returns approximately 38% of the time [7]. Trading Strategies - Traders may consider adjusting their positions prior to earnings releases based on historical odds, or analyze correlations between immediate and medium-term returns post-announcement to inform their strategies [6]. - A relatively less risky strategy involves understanding the correlation between short-term and medium-term returns post-earnings to execute appropriate trades [5][6].

CHONGQING, CHINA - FEBRUARY 23: In this photo illustration, the NetApp logo is displayed on a ... More smartphone screen, with the company's latest stock market performance and candlestick charts visible in the background, highlighting NetApp's real-time financial trends, stock price fluctuations, market volatility, and investment developments within the data management, cloud storage, and information technology sectors, on February 23, 2025 in Chongqing, China. (Photo by Cheng Xin/Getty Images)Getty Images ...