Walmart faces $42.1 billion implied move into earnings

Earnings season keeps the tape busy from next week, and options markets are already laying down markers for how volatile these prints could be once results and guidance hit, according to Pro.

This is a -selected watchlist with a retail-heavy mix plus a key industrial and a semiconductor name.

The marquee name on this list is Walmart, but the biggest implied move is saved for the final section as the countdown runs from the calmest setup to the most volatile.

6.

Home Depot | Mkt Cap: $340B | Implied Move: 4.20% Home Depot, Inc. (NYSE: HD ) reports second quarter of 2026 results on Tuesday before the opening bell.

Wall Street is looking for $4.73 in earnings per share on $47.35 billion in revenue, compared with $4.68 per share on $45.28 billion a year ago.

Pro data show options are pricing in a 4.20% move around the report, which is the smallest implied swing on this list.

Even so, with Home Depot valued at $340 billion, that still translates to about $14.3 billion of market value at stake.

Home Depot is the world’s largest home improvement specialty retailer, running 2,361 warehouse-format stores across the U.S., Canada and Mexico while also pushing a massive online assortment.

The stock carries a Buy consensus rating, and the stock is trading below the 180-day average analyst price forecast; in August, RBC Capital and Wells Fargo reiterated their ratings and raised their price forecasts.

Heading into the print, Home Depot has pulled back in 2026, down 1.2% year-to-date and trading 1.8% below the 200-day moving average.

The shares sit about 20% below the 52-week high of $426.75.

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TJX Companies | Mkt Cap: $170B | Implied Move: 4.31% TJX Companies, Inc. (NYSE: TJX ) reports second quarter of 2027 results on Wednesday before the opening bell.

Consensus estimates call for $1.19 in earnings per share on $15.17 billion in revenue, up from $1.10 on $14.40 billion in the prior-year quarter.

According to Pro, the options market is implying a 4.31% move, putting roughly $7.33 billion of market value in play for the off-price retailer.

For a business that often wins attention on traffic trends and margin durability, that implied swing suggests traders see room for a meaningful post-print reset.

TJX Companies, is the world’s largest off-price apparel and home fashions retailer, operating more than 5,000 stores across nine countries.

The stock carries a Buy consensus rating, and the share price sits below the 180-day average analyst price forecast; in May, UBS, Telsey Advisory Group, and Barclays raised their price forecasts.

TJX Companies, has been relatively steady this year, down 0.3% year-to-date and trading 0.8% below the 200-day moving average as it heads into earnings.

4.

Walmart | Mkt Cap: $922B | Implied Move: 4.56% Walmart Inc. (NASDAQ: WMT ) reports second quarter of 2027 results on Thursday before the opening bell.

The Street is modeling 74 cents in earnings per share on $186.82 billion in revenue, compared with 68 cents on $177.40 billion a year ago.

Options traders are pricing in a 4.56% move, according to Pro, and the scale here matters: Walmart’s $922 billion market cap means about $42.1 billion of market value is effectively on the line around the print.

With investors watching both core retail execution and the pace of e-commerce gains, the implied move reflects how quickly sentiment can shift on guidance.

Walmart is the world’s largest retailer, operating over 10,700 stores globally and serving roughly 270 million customers weekly while expanding its digital footprint.

The stock carries a Buy consensus rating, and the 180-day average analyst price forecast is above where the stock trades; recent Street activity has been mixed, with RBC Capital reiterating an Outperform rating in August while Oppenheimer downgraded the stock to Perform.

Walmart has rallied in 2026, up 2.6% year-to-date, but it’s trading 2.1% below the 200-day moving average after the 50-day moving average crossed below the 200-day in July.

3.

Lowe’s Companies | Mkt Cap: $122B | Implied Move: 5.39% Lowe’s Companies Inc. (NYSE: LOW ) reports second quarter of 2026 results on Wednesday before the opening bell.

Analysts expect $4.39 in earnings per share on $26.26 billion in revenue, versus $4.33 on $23.96 billion in the year-ago quarter.

Pro shows the options market implying a 5.39% move, which is a step up from the other big-box retail names on this list and equates to about $6.59 billion of market value at stake.

That larger implied swing puts extra focus on any read-through to home improvement demand and how Lowe’s Companies is managing the cycle.

Lowe’s Companies is the second-largest home improvement retailer globally, with 1,759 stores in the U.S. after divesting its Canadian locations in 2023.

The stock carries a Buy consensus rating, and shares trade below the 180-day average analyst price forecast; in August, Citigroup, Piper Sandler, and RBC Capital cut their price forecasts.

The stock has pulled back in 2026, down 11.6% year-to-date and trading 8.5% below the 200-day moving average after the 50-day moving average crossed below the 200-day in April.