Earnings are set to hit the tape on Wednesday and options markets are already laying down a roadmap for how volatile these prints could be. For retail investors, implied moves can be a quick way to gauge where expectations — and risk — are concentrated, according to Benzinga Pro.
This is a Benzinga-selected watchlist that runs from low-volatility setups to the biggest swing the options market is bracing for. The marquee name on the list is Meta Platforms, but the largest implied move is saved for the final section as the countdown builds toward rank 1.
9. AT&T | Mkt Cap: $160B | Implied Move: 4.10%
AT&T Inc. (NYSE:T) reports third quarter of 2026 results before the opening bell. Wall Street is looking for 60 cents in earnings per share on $31.69 billion in revenue, up from 54 cents on $30.71 billion a year ago.
Options traders are pricing in a 4.10% post-earnings move, according to Benzinga Pro. With AT&T valued at $160 billion, that implies about $6.54 billion of market value at stake around the report.
AT&T’s core wireless business drives about 70% of revenue, and the carrier base includes 75 million postpaid and 17 million prepaid phone customers — putting subscriber trends and pricing in focus alongside any commentary on network investment. The stock carries a Buy consensus rating, and the stock is trading below the 180-day average analyst price forecast; in September, Morgan Stanley reiterated its Overweight rating and raised its price forecast.
AT&T has pulled back in 2026, down 5.5% year-to-date and trading 7.2% below the 200-day moving average. The shares sit about 21% below the 52-week high of $29.43.
8. Philip Morris International | Mkt Cap: $315B | Implied Move: 4.18%
Philip Morris International Inc. (NYSE:PM) reports third quarter of 2026 results before the opening bell. Consensus estimates call for $2.29 in EPS on $11.28 billion in revenue, compared with $2.24 on $10.85 billion in the prior-year quarter.
Benzinga Pro data show options are implying a 4.18% move. On a $315 billion market cap, that’s roughly $13.2 billion of market value in play as investors weigh the quarter and any forward commentary.
Philip Morris International sells cigarettes and reduced-risk products — including heat sticks, vapes and oral nicotine offerings — primarily outside the U.S., so volume/mix and adoption trends remain central to the earnings narrative. The Street consensus is Buy, and the share price sits below the 180-day average analyst price forecast; in September, UBS reiterated its Neutral rating and raised its price forecast.
Shares have rallied in 2026, up 25.4% year-to-date and trading 12.2% above the 200-day moving average. The shares sit about 42% above the 52-week low of $142.11.
7. Thermo Fisher Scientific | Mkt Cap: $255B | Implied Move: 5.85%
Thermo Fisher Scientific, Inc. (NYSE:TMO) reports third quarter of 2026 results before the opening bell. Analysts expect $6.40 in EPS on $11.95 billion in revenue, up from $5.79 on $11.12 billion a year earlier.
According to Benzinga Pro, the options market is pricing in a 5.85% move. With Thermo Fisher Scientific valued at $255 billion, that translates to about $14.9 billion of market cap at stake around earnings.
Thermo Fisher Scientific sells scientific instruments and lab equipment, diagnostics consumables and life science reagents — a mix that can make guidance and demand commentary just as important as the headline beat or miss. The stock has a Buy consensus rating, though the 180-day average analyst price forecast is below where the stock trades; in October, Morgan Stanley and TD Cowen raised their price forecasts.
Shares have rallied in 2026, up 14.7% year-to-date, trading 23.2% above the 200-day moving average since the 50-day moving average crossed above the 200-day in August. The shares sit about 55% above the 52-week low of $435.27.
6. Meta Platforms | Mkt Cap: $1.8T | Implied Move: 5.90%
Meta Platforms, Inc. (NASDAQ:META) reports third quarter of 2026 results after the closing bell. The consensus view calls for $5.89 in EPS on $63.36 billion in revenue, versus $7.25 on $51.24 billion in the year-ago quarter.
Options are pricing in a 5.90% move around the print, per Benzinga Pro. Given Meta Platforms’ $1.78 trillion market cap, that implies roughly $105 billion of market value at stake — one of the largest dollar swings on the list even with a mid-pack percentage move.
Meta Platforms runs the world’s largest social media ecosystem, with close to 4 billion monthly active users across Facebook, Instagram, Messenger and WhatsApp, keeping ad demand and engagement trends front and center. The stock carries a Buy consensus rating and shares trade below the 180-day average analyst price forecast; in October, Morgan Stanley reiterated its Overweight rating and raised its price forecast, while Citigroup reiterated its Buy rating and raised its price forecast.
Shares have rallied in 2026, up 8.5% year-to-date, trading 10.6% above the 200-day moving average since the 50-day moving average crossed above the 200-day in October. The shares sit about 34% above the 52-week low of $520.26.
5. Tesla | Mkt Cap: $1.5T | Implied Move: 6.24%
Tesla, Inc. (NASDAQ:TSLA) reports third quarter of 2026 results after the closing bell. Wall Street is modeling 43 cents in EPS on $27.88 billion in revenue, compared with 50 cents on $28.09 billion a year ago.
Benzinga Pro shows the options market implying a 6.24% move. With Tesla at a $1.45 trillion market cap, that suggests about $90.7 billion of market value at stake as investors parse margins, deliveries and any updates tied to autonomy and robotics.
Tesla is a vertically integrated EV maker that also develops real-world AI software, including autonomous driving and humanoid robots — a combination that can make guidance and product commentary key drivers of the post-earnings reaction. The consensus rating is Buy and the stock is trading below the 180-day average analyst price forecast; in October, Jefferies reiterated its Hold rating and raised its price forecast.
Tesla has pulled back in 2026, down 16.0% year-to-date and trading 5.1% below the 200-day moving average. The shares sit about 26% below the 52-week high of $498.83.
4. Danaher Corp. | Mkt Cap: $158B | Implied Move: 6.38%
Danaher Corp. (NYSE:DHR) reports third quarter of 2026 results before the opening bell. Consensus estimates call for $1.91 in EPS on $6.56 billion in revenue, up slightly from $1.89 on $6.05 billion in the prior-year quarter.
According to Benzinga Pro, options are pricing in a 6.38% move. On Danaher’s $158 billion market cap, that implies about $10.1 billion of market value at stake around the release.
Danaher traces its roots to an industrial-focused manufacturing transformation, and investors often look to the company’s results for signals across its measurement and control footprint. The stock carries a Buy consensus rating, and the share price is roughly in line with the 180-day average analyst price forecast; in October, Morgan Stanley and Barclays raised their price forecasts.
Danaher has declined in 2026, down 2.6% year-to-date, trading 11.5% above the 200-day moving average since the 50-day moving average crossed above the 200-day in September. The shares sit about 40% above the 52-week low of $160.93.
3. International Business Machines | Mkt Cap: $223B | Implied Move: 6.43%
International Business Machines Corp. (NYSE:IBM) reports third quarter of 2026 results after the closing bell. The Street is looking for $2.87 in EPS on $16.82 billion in revenue, compared with $2.65 on $16.33 billion a year ago.
Benzinga Pro data put the implied move at 6.43%. With International Business Machines valued at $223 billion, that’s about $14.3 billion of market cap at stake as investors weigh software, services and hardware demand signals.
International Business Machines is one of the oldest tech companies, providing software, IT consulting services and hardware to help enterprises modernize workflows — making bookings and guidance a key part of the earnings read-through. The stock has a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; in October, Morgan Stanley reiterated its Equal-Weight rating and raised its price forecast, while Truist Securities initiated coverage with a Hold rating.
International Business Machines has pulled back in 2026, down 18.9% year-to-date and trading 5.7% below the 200-day moving average. The shares sit about 29% below the 52-week high of $332.46.
2. Texas Instruments Inc. | Mkt Cap: $252B | Implied Move: 6.58%
Texas Instruments Inc. (NASDAQ:TXN) reports third quarter of 2026 results after the closing bell. Analysts expect $2.42 in EPS on $5.92 billion in revenue, up from $1.48 on $4.74 billion in the year-ago quarter.
Options markets are implying a 6.58% move, according to Benzinga Pro. With Texas Instruments sporting a $252 billion market cap, that suggests about $16.6 billion of market value at stake around the report.
Texas Instruments generates more than 95% of revenue from semiconductors and is the world’s largest maker of analog chips — components tied closely to broad industrial and electronics demand. The stock carries a Buy consensus rating and shares trade below the 180-day average analyst price forecast; in October, TD Cowen reiterated its Buy rating and cut its price forecast.
Shares have rallied in 2026, up 55.6% year-to-date and trading 8.4% above the 200-day moving average. The shares sit about 17% below the 52-week high of $334.03.
1. Lam Research Corp | Mkt Cap: $338B | Implied Move: 7.42%
Lam Research Corp (NASDAQ:LRCX) reports first quarter of 2027 results after the closing bell. Consensus calls for $2.17 in EPS on $8.14 billion in revenue, up from $1.26 on $5.32 billion in the prior-year period.
Benzinga Pro shows the largest implied move on this Benzinga-selected list: 7.42%. On Lam Research’s $338 billion market cap, that puts about $25.1 billion of market value at stake as the company kicks off its fiscal year.
Lam Research is a major semiconductor wafer fabrication equipment supplier, specializing in deposition and etch tools used to build and pattern chip layers — a business that can swing with foundry and memory spending cycles. The stock carries a Buy consensus rating, and the stock is trading well below the 180-day average analyst price forecast; in October, Morgan Stanley and B. Riley Securities raised their price forecasts.
Shares have rallied in 2026, up 47.1% year-to-date and trading 4.4% below the 200-day moving average. The shares sit about 38% below the 52-week high of $438.50.
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