Earnings season will keep markets active this week, with a watchlist spanning major retail, media and technology names. Because guidance often matters as much as headline results, options markets can offer a real-time gauge of how much volatility traders expect, according to Benzinga Pro.
Nvidia is the highest-profile name on the list, but the largest implied move belongs to the final company in this countdown, which runs from the smallest expected swing to the largest.
6. Home Depot | Market Cap: $348B | Implied Move: 4.57%
Home Depot, Inc. (NYSE:HD) reports third quarter 2026 results Tuesday before the opening bell. Wall Street expects $3.84 in earnings per share on $42.81 billion in revenue, compared with $3.74 and $41.35 billion a year earlier.
Options traders are setting a relatively narrow bar: Benzinga Pro data show an implied move of 4.57%, the smallest swing in this six-stock lineup. Even with that narrower percentage, the stakes remain large for a mega-cap retailer — about $15.9 billion of market value at risk.
Home Depot is the world’s largest home improvement specialty retailer, with 2,364 warehouse-format stores across the U.S., Canada and Mexico, along with a large online assortment. The stock carries a Buy consensus rating and trades below the 180-day average analyst price forecast. Recent analyst notes have been mixed: in November, Bernstein reiterated its Market Perform rating and raised its price forecast, while JPMorgan reiterated its Overweight rating and raised its price forecast.
Entering the print, Home Depot has been steady rather than explosive, up 0.7% year-to-date and trading 4.7% above the 200-day moving average, according to Benzinga Pro. The shares sit about 26% above the 52-week low of $277.15.
5. Lowe’s Companies Inc. | Market Cap: $126B | Implied Move: 4.92%
Lowe’s Companies Inc. (NYSE:LOW) reports third quarter 2026 results Wednesday before the opening bell. Consensus estimates call for $2.88 in EPS on $22.41 billion in revenue, versus $3.06 and $20.81 billion in the prior-year period.
Benzinga Pro shows options are pricing in a 4.92% move around earnings. On a $126 billion market cap, that implies roughly $6.18 billion of market value at stake as investors weigh demand trends for big-ticket home projects.
Lowe’s Companies is the world’s second-largest home improvement retailer, operating 1,761 stores in the U.S. after divesting its Canadian business in 2023. The stock carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast. In November, Bernstein reiterated its Outperform rating and raised its price forecast, while JPMorgan reiterated its Overweight rating and raised its price forecast.
The setup into earnings has been choppier than its peer: Lowe’s Companies is down 7.9% year-to-date, but it is hovering just 0.1% above the 200-day moving average, per Benzinga Pro. The shares sit about 24% below the 52-week high of $293.06.
4. TJX Companies | Market Cap: $150B | Implied Move: 5.05%
TJX Companies (NYSE:TJX) reports third quarter 2027 results Wednesday before the opening bell. The Street is modeling $1.33 in EPS on $15.85 billion in revenue, up from $1.28 and $15.12 billion a year earlier.
Benzinga Pro data put the implied move at 5.05%, translating to about $7.58 billion of market value at stake. For a retailer that often trades on traffic, margins and inventory execution, that is a meaningful volatility premium heading into the quarter.
TJX Companies, Inc. (The) is the world’s largest off-price apparel and home fashions retailer, with more than 5,000 stores across nine countries and roughly $60 billion in fiscal 2026 sales. The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades. Recent calls include UBS reiterating a Buy rating while cutting its price forecast, alongside a November Neutral initiation from Cantor Fitzgerald.
TJX Companies, Inc. (The) has pulled back in 2026, down 11.9% year-to-date and trading 9.2% below the 200-day moving average after the 50-day moving average crossed below the 200-day in August, according to Benzinga Pro. The shares sit about 20% below the 52-week high of $170.00.
3. The Walt Disney Company | Market Cap: $210B | Implied Move: 5.53%
The Walt Disney Company (NYSE:DIS) reports fourth quarter 2026 results Tuesday before the opening bell. Analysts expect $1.68 in EPS on $25.19 billion in revenue, compared with $1.11 and $22.46 billion in the year-ago quarter.
Options markets are braced for a bigger post-print swing here than for the retailers above: Benzinga Pro shows an implied move of 5.53%, putting about $11.6 billion of market value at stake. With multiple business lines feeding into the story, the reaction can hinge on which segment is driving the beat or miss.
Walt Disney operates across entertainment, sports and experiences, with iconic franchises and characters underpinning both content and parks. The stock carries a Buy consensus rating, and shares trade below the 180-day average analyst price forecast. In October, Citigroup reiterated its Buy rating and raised its price forecast, while Raymond James reiterated its Outperform rating and cut its price forecast.
Walt Disney has rallied in 2026, up 5.7% year-to-date and trading 14.6% above the 200-day moving average since the 50-day moving average crossed above the 200-day in September, Benzinga Pro data show. The stock is within 1.6% of the 52-week high of $120.80.
2. Nvidia Corp | Market Cap: $4.1T | Implied Move: 8.27%
Nvidia Corp (NASDAQ:NVDA) reports third quarter 2027 results Tuesday after the closing bell. Wall Street is calling for $2.48 in EPS on $109.23 billion in revenue, versus $1.30 and $57.01 billion in the prior-year quarter.
Benzinga Pro shows the options market implying an 8.27% move around the report. On Nvidia’s $4.13 trillion market cap, that is an enormous $341 billion of market value at stake — the kind of setup where even a “beat” can trade lower if guidance or margins do not line up with expectations.
Nvidia is a leading developer of graphics processing units, with its chips historically tied to gaming and now central to modern computing workloads.
Jensen Huang’s resignation as CEO on Thursday marks a significant leadership change for Nvidia, adding a new dimension to the company’s evolving AI story.
The stock carries a Buy consensus rating, but it is trading well below the 180-day average analyst price forecast. Recent analyst actions have skewed cautious: in November, Melius Research downgraded the stock to Hold and cut its price forecast, and Craig-Hallum also downgraded the stock to Hold.
Nvidia has pulled back in 2026, down 12.0% year-to-date and trading 16.4% below the 200-day moving average, according to Benzinga Pro. The shares sit about 30% below the 52-week high of $243.37.
1. Palo Alto Networks, Inc. | Market Cap: $273B | Implied Move: 10.60%
Palo Alto Networks, Inc. (NASDAQ:PANW) reports first quarter 2027 results Wednesday after the closing bell. Consensus estimates call for 97 cents in EPS on $3.31 billion in revenue, up from 93 cents and $2.47 billion a year ago.
This is the widest implied move on the watchlist: Benzinga Pro data show options pricing in a 10.60% swing, or about $28.9 billion of market value at stake. That elevated expectation suggests traders see meaningful two-way risk tied to billings, margins and forward commentary.
Palo Alto Networks is a platform-based cybersecurity vendor spanning network security, cloud security and security operations. The stock carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast. Recent analyst notes have pointed in different directions: in November, Jefferies reiterated its Buy rating and cut its price forecast, while in October, Wells Fargo reiterated its Overweight rating and raised its price forecast.
Palo Alto Networks has been a standout on the tape in 2026, up 79.9% year-to-date and trading 20.6% above the 200-day moving average, according to Benzinga Pro. The shares sit about 23% below the 52-week high of $432.32.