This week marks the moment of truth for many high-profile companies, as earnings reports from a slew of widely owned stocks are slated for their big reveal.
Of course, we all know that a very good earnings report is likely to drive a company’s share price higher immediately following the release. Conversely, an earnings report that misses badly on the top and/or bottom line is going to put the smackdown on just about any stock.
Yet some companies are just more susceptible to price swings on earnings. Moreover, some stocks just really need a solid earnings beat to either a) break them out from the confines of a current trading range, b) keep their momentum going, or c) keep them from tanking.
This week, investors will probably be watching the Tesla (TSLA) earnings report, and rightfully so. But in addition to that, they also should look out for Ctrip.com (CTRP) and Kate Spade (KATE). These high-profile companies are stalwarts in their respective industries, and all currently trade at critical technical junctures. Here’s a closer look at each: