Earnings are set to hit the tape in a tight window on Wednesday and options markets are already sketching out how much volatility traders expect once results and guidance land, according to Benzinga Pro. The marquee name on this Benzinga-selected list is Microsoft, but the biggest implied move is saved for the final section as the countdown runs from the calmest setup to the most volatile.
8. 69% Microsoft Corp (NASDAQ:MSFT) reports third quarter of 2027 results after the closing bell.
67 billion a year ago. 69% move around the print.
93 trillion in market value, that’s $184 billion of market value at stake even with the narrowest implied move on this watchlist. Microsoft develops and licenses consumer and enterprise software, anchored by Windows and Office, and the quarter tends to matter as investors parse demand signals across enterprise spending.
The stock carries a Buy consensus rating; the stock is trading below the 180-day average analyst price forecast. In October, Oppenheimer, Truist Securities, and Scotiabank raised their price forecast.
1% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. 20.
Read Also: Ed Yardeni Says AI Bubble Is Deflating Without Bursting Amid Increasing Funding Scrutiny Around CRWV, NBIS: ‘The Bond Market Is Going To Regulate' 7. 09% Automatic Data Processing (NASDAQ:ADP) reports first quarter of 2027 results before the opening bell.
17 billion in the prior-year period. 09% move.
05 billion of market value at stake as investors handicap any shift in payroll and HR demand trends. Automatic Data Processing runs a global, cloud-based human capital management platform spanning payroll, compliance, benefits administration and retirement services, making its report a read-through on employment and client retention.
The stock carries a Hold consensus rating; the share price sits above the 180-day average analyst price forecast. In October, Guggenheim reiterated its Buy rating and raised its price forecast.
2% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. 40.
6. 25% Alphabet Inc.
(NASDAQ:GOOGL) (NASDAQ:GOOG) reports third quarter of 2026 results after the closing bell. 35 billion a year ago.
25% move. 85 trillion, that implies roughly $202 billion of market value at stake as investors weigh advertising momentum and any incremental signals from the broader Google ecosystem.
Alphabet is the holding company for Google, and it derives slightly less than 90% of revenue from Google services, with the vast majority tied to advertising sales. The stock carries a Buy consensus rating; the 180-day average analyst price forecast sits well above where the stock trades.
In October, JP Morgan, UBS, and TD Cowen raised their price forecasts. 2% below the 200-day moving average after the 50-day moving average crossed below the 200-day in October.
47. 5.
63% T-Mobile US, Inc. (NASDAQ:TMUS) reports third quarter of 2026 results after the closing bell.
96 billion in the year-ago quarter. 87 billion of market value at stake for the $158 billion wireless carrier.
That’s a meaningful volatility setup for a business where subscriber trends and profitability narratives can swing quickly on guidance. S.
The stock carries a Buy consensus rating; shares trade well below the 180-day average analyst price forecast. In October, Raymond James upgraded the stock to Outperform, while Scotiabank reiterated its Sector Outperform rating and cut its price forecast.
8% below the 200-day moving average. 32.
4. 17% GE Vernova Inc.
(NYSE:GEV) reports third quarter of 2026 results before the opening bell. 97 billion a year earlier.
17% move. 4 billion of market value at stake as investors look for updates across power, wind and electrification.
GE Vernova is a global electric-power player with products and services that generate, transfer, convert and store electricity, spanning three segments: power, wind and electrification. The stock carries a Buy consensus rating; the stock is trading well below the 180-day average analyst price forecast.
In October, Susquehanna and JP Morgan cut their price forecasts, while Guggenheim reiterated its Buy rating. 6% below the 200-day moving average.
94. 3.
29% KLA Corp. (NASDAQ:KLAC) reports first quarter of 2027 results after the closing bell.
21 billion in the prior-year quarter. 1 billion of market value at stake for the $195 billion semiconductor equipment name.
That implied swing underscores how sensitive the setup can be to wafer-fab spending signals and forward commentary. KLA is one of the largest wafer fabrication equipment manufacturers in the world, and its results often get read as a checkpoint on chipmaking investment cycles.
The stock carries a Buy consensus rating; the share price sits well below the 180-day average analyst price forecast. In October, Morgan Stanley reiterated its Overweight rating and cut its price forecast.
0% below the 200-day moving average after the 50-day moving average crossed below the 200-day in October. 37.
2. 74% Servicenow, Inc.
(NYSE:NOW) reports third quarter of 2026 results after the closing bell. 41 billion a year ago.
1 billion of market value at stake for Servicenow’s $161 billion capitalization. That’s a sizable volatility bet for a software name where subscription momentum and enterprise IT budgets can drive sharp post-earnings repricing.
Servicenow sells SaaS software that helps enterprises structure and automate business processes, with a core focus on IT workflows. The stock carries a Buy consensus rating; the 180-day average analyst price forecast is close to where the stock trades.
In October, Cantor Fitzgerald, Guggenheim, and Truist Securities raised their price forecast. 4% above the 200-day moving average since the 50-day moving average crossed above the 200-day in September.
97. 1.
15% Fortinet, Inc. (NASDAQ:FTNT) reports third quarter of 2026 results after the closing bell.
73 billion in the year-ago quarter. 6 billion of market value at stake.
That elevated implied move fits a cybersecurity tape where guidance and billings commentary can matter as much as the quarter itself. Fortinet is a platform-based cybersecurity vendor spanning network security, cloud security, zero-trust access and security operations, with a majority of revenue coming from subscriptions and support.
The stock carries a Hold consensus rating; shares trade above the 180-day average analyst price forecast. In October, JP Morgan, Truist Securities, and Mizuho raised their price forecast.
0% above the 200-day moving average. 55.
