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Microsoft Could Swing $189 Billion in Value After Earnings
Benzinga • • business
Key Points:
- Earnings reports for five major companies, including Microsoft, Starbucks, Meta Platforms, Lam Research, and Fortinet, are scheduled for release after the closing bell on Wednesday, with options traders anticipating significant price moves.
- Fortinet has the highest implied move at 11.69%, reflecting $13.1 billion in market value at stake, with shares up 95.7% year-to-date and trading well above key moving averages.
- Lam Research shows a 10.50% implied move, equating to $36.8 billion at stake, following a 57.6% year-to-date rally and trading above its 200-day moving average.
- Microsoft’s implied move is 6.48%, translating to $189 billion at stake, though its shares have declined 17.7% year-to-date and trade below the 200-day moving average, despite a Buy consensus rating.
- Starbucks has the smallest implied move at 5.76%, with $6.86 billion at stake, and shares have risen 23.4% year-to-date, trading significantly above their 200-day moving average.
