Infrastructure remains a major theme in the list
Subscribers to Chart of the Week received this commentary on Sunday, January, 25.
Earnings season reminds me a lot of traveling.
You plan and plan and get excited and have all these grand ideations, and then when it actually hits, it happens so fast you get whiplash and easily overwhelmed.
Or maybe that’s just me..
Either way, I resolve every earnings season to monitor the situation like no situation has ever been monitored. The whole situation too, not just the headline-grabbing names. Let’s walk you through 10 reports next week that should have your attention.
Bear in mind: implied earnings moves are market-priced expectations, not guarantees. They simply reflect what options traders think a stock could swing after results.
Monday, Jan. 26
There are rarely major reports Monday morning, but after the close, Celestica Inc (NYSE:CLS) and Nucor Corp (NYSE:NUE) step up to the plate.
Celestica (CLS)
Canada-based AI infrastructure stock CLS is off its Nov. 5 record high of $363.40, but its 100-day moving average has stepped up. Big move implied, and excluding the April drawdown, the stock has posted four straight post-earnings gains. Watch the double top.
Implied Earnings Deviation: 14.7% (Daily)
- 10/28/25: +8.2%
- 07/29/25: +16.5%
- 04/25/25: -3.4%
- 01/30/25: +13.6%
- 10/24/24: +18.2%
- 07/25/24: -4.3%
- 04/25/24: -1.9%
- 01/30/24: +1.7%
Historical earnings move:
Mean 8.5% | Median 6.3%
Nucor (NUE)
Infrastructure remains a major theme. Domestic steel producer NUE has benefited from tariff dynamics and increased demand. Between NUE, Freeport-McMoRan, and Alcoa, this earnings cycle should offer insight into how non-tech infrastructure companies are performing.
NUE is one of the few stocks with an implied earnings deviation below its two-year historical average.
Implied Earnings Deviation: 3.5% (Daily)
- 10/28/25: +5.4%
- 07/29/25: -2.7%
- 04/29/25: +1.9%
- 01/28/25: +3.8%
- 10/22/24: -6.5%
- 07/23/24: -1.1%
- 04/23/24: -8.9%
- 01/30/24: +6.9%
Historical earnings move:
Mean 4.6% | Median 4.6%
Tuesday, Jan. 27
NextEra Energy (NEE)
The largest electric utility by market capitalization. While electricity demand continues to rise, post-earnings moves for NEE have been relatively muted, suggesting more of a dividend-focused story.
Implied Earnings Deviation: 5.0% (Daily)
- 10/28/25: -2.9%
- 07/23/25: -6.1%
- 04/23/25: +0.9%
- 01/24/25: +5.2%
- 10/23/24: +1.5%
- 07/24/24: +4.6%
- 04/23/24: +1.4%
- 01/25/24: +1.7%
Historical earnings move:
Mean 3.0% | Median 2.3%
UnitedHealth Group (UNH)
The first major health insurer to report. Recent price action has been flat, with much of the historical volatility driven by the April 2025 earnings miss.
Implied Earnings Deviation: 5.3% (Daily)
- 10/28/25: +0.5%
- 07/29/25: -7.5%
- 04/17/25: -22.4%
- 01/16/25: -6.0%
- 10/15/24: -8.1%
- 07/16/24: +6.5%
- 04/16/24: +5.2%
- 01/12/24: -3.4%
Historical earnings move:
Mean 7.4% | Median 6.3%
Click Here to view the rest of the reports on Schaeffer’s Substack!