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].

Group 1 - NetApp is expected to announce its fiscal fourth-quarter earnings on May 29, 2025, with anticipated earnings of $1.90 per share and revenue of $1.72 billion, reflecting a 35% year-over-year increase in earnings and a 3% rise in sales compared to the previous year [1] - The company forecasts full-year 2025 revenue between $6.49 billion and $6.64 billion, with a non-GAAP operating margin of approximately 28%-28.5%, leading to an adjusted EPS expectation of $7.17 to $7.27 [2] - NetApp's current market capitalization is $20 billion, with past twelve months revenue recorded at $6.5 billion, operational profitability of $1.4 billion in operating profits, and a net income of $1.1 billion [2] Group 2 - Historical data indicates that NTAP stock has risen 63% of the time following earnings announcements, with a median one-day increase of 4.4% and a maximum observed jump of 18% [1][4] - Over the last five years, there have been 19 earnings data points for NTAP, with 12 positive and 7 negative one-day returns, resulting in positive returns approximately 63% of the time [5] - The correlation between short-term and medium-term returns post-earnings can provide a strategy for traders, particularly if the 1D and 5D returns demonstrate a strong correlation [4][5]