10 Stocks Poised For Pre-Earnings Runs in October

In lieu of a Tuesday Daily Market Report, I decided to do some research and offer up several stocks that could be setting up nicely as their earnings dates approach. I'll be back with my next Daily Market Report on Wednesday.

It's earnings season and with major indices at all-time highs, expectations are going to be high as Q3 earnings begin to roll out. Historically, we've seen many stocks make significant moves higher just prior to releasing very solid quarterly revenue and earnings. The purpose of this article is to focus on 10 stocks that could make big moves higher, based upon current technical evidence. We'll check those 10 stocks out in a minute, but first let's summarize criteria that I looked for in establishing this list.

Pre-Earnings Run Criteria

Right now, we have 544 stocks on our Raised Guidance ChartList (RGCL), so I started with this list. Every stock considered would have seen management raise their revenue guidance, earnings guidance, or both, over the past 3 months. It would make sense to me that, given management's confidence in raising guidance recently, many of these companies could begin to rise significantly ahead of what could be very strong earnings reports.

Here are the criteria I looked for in selecting the 10 stocks below:

• Is a current component of our Raised Guidance ChartList (RGCL)
• Reports quarterly results within the next 5 weeks - no later than 11/10
• Has a strong AD line, suggesting that Wall Street continues to accumulate
• SCTR score is above 80, maintaining excellent relative strength
• Very modest gains (< 5%) or losses over the past month, thus consolidating
• Have RSIs representative of a consolidating stock - from 40-50 or slightly below
• Showed excellent industry leadership prior to consolidation (ie, leading stock)

The 10 stocks poised for pre-earnings runs are provided below in earnings date order.

1. Netflix, Inc. (NFLX) - reports Tuesday, October 21st after market closes (AMC)
2. SoFi Technologies, Inc. (SOFI) - reports Tuesday, October 28th before market opens (BMO)
3. Calix Networks, Inc. (CALX) - reports Wednesday, October 29th AMC
4. Generac Holdings, Inc. (GNRC) - reports Thursday, October 30th BMO
5. Roblox Corp (RBLX) - reports Thursday, October 30th BMO
6. Trimas Corp (TRS) - reports Monday, November 3rd BMO
7. Artivion, Inc. (AORT) - reports Thursday, November 6th AMC
8. Willdan Group, Inc. (WLDN) - reports Thursday, November 6th AMC
9. Dave, Inc. (DAVE) - reports Monday, November 10th BMO
10. Mirum Pharmaceuticals, Inc. (MIRM) - reports Monday, November 10th AMC

These earnings dates are provided by StockCharts.com and are the latest estimated earnings date and are subject to change. Obviously, I cannot guarantee future price performance and neither I nor EarningsBeats.com are Registered Investment Advisors. I do not recommend the purchase or sale of any security. You should consult with your personal financial advisor before purchasing or selling any security.

Next, I provide the current daily charts of each of the 10 stocks provided, annotating key technical points of interest.

NFLX

SOFI

CALX

GNRC

RBLX

TRS

AORT

WLDN

DAVE

MIRM