Prepare for an earnings avalanche this week. Two traders share which stocks are at the top of their watchlist.
," a stock he said has implied volatility as high as 7% post-earnings. "The chart itself, when you unpack that, you can see you've got a clear series of higher lows that are now getting made, a downtrend reversal starting to happen, it looks like a pretty good risk reward setup and something we'd want to trade in here to the upside."over the past three months, climbing more than 30%. It is set to report Wednesday.
Michael Binger, president of Gradient Investments, said three other stocks are ones to watch heading into a busy reporting stretch.," Binger said during the same segment. "It's had a good run but we think that can continue, especially for Lockheed Martin whose earnings are going to grow at 12% this year. It only trades at 17 times so that's a bargain in this market."
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