Earnings Volatility Watch: A Gold Miner Is Priced to Swing the Most This Week

Micron Technology Inc. (NASDAQ: MU ) delivered the blowout quarter the AI trade was waiting for. 06% move in either direction. 5% in 2026.

With Micron out of the way, the coming week is a light one on the earnings front. The biggest expected swings now sit in a gold developer, an AI data center builder and a denim maker. These are the six largest expected movers of the week, among stocks with at least $2 billion in market cap, according to Pro data. Which Stocks Could Swing The Most This Week?

6. 45% Implied Move The snacks and beverages giant reports Oct. 8 before the open. 30 per share.

Separately, Colombia’s president said the company will invest $1 billion in the country over five years. North American snack volumes, pricing and the full-year outlook are the key things to watch. PepsiCo Inc. 5% this year.

5. 04% Implied Move The Corona and Modelo brewer reports fiscal second-quarter results Oct. 6 after the close. 57 per share.

Shares touched a fresh 6-year low on Sept. 30. Evercore ISI cut its price target to $160 from $175 on Sept. 21.

BNP Paribas and TD Cowen also trimmed their targets. The reaction will likely hinge on three things: beer depletions, demand from Hispanic consumers (about half of beer sales) and the cost of tariffs on aluminum cans. Constellation Brands Inc. 1% in 2026 and 60% from its 2024 peak.

4. 38% Implied Move The airline reports third-quarter results Oct. 9 before the open. 03 per share.

Fourth-quarter guidance, premium and corporate travel demand and jet fuel costs are the swing factors. 2% this year, Delta Air Lines Inc. (NYSE: DAL ) is the best performer on this list. 3.

32% Implied Move The denim maker reports fiscal third-quarter results Oct. 7 after the close. 62 billion in revenue and earnings of 36 cents per share. Shares have drifted below $20 in recent weeks.

That came even after the company raised its full-year outlook with its second-quarter results. Denim demand, tariff costs, gross margin and direct-to-consumer growth will likely drive the move. Levi Strauss & Co. 0% in 2026.

2. 31% Implied Move The AI data center developer reports fiscal first-quarter results Oct. 7 after the close. 86 million in revenue and a loss of 30 cents per share.

Shares rose Friday after the company brought another 75 megawatts of AI capacity online at its Polaris Forge 1 campus in North Dakota. Fully operational critical IT load there is now 250 megawatts. The campus is fully leased and will reach 400 megawatts at full buildout. Wall Street is split heading into the print.

Jones Trading started coverage at Buy with a $70 target, while Rothschild & Co Redburn started at Neutral with a $22 target. Leasing pipeline, construction timelines and financing are what investors will be watching. Applied Digital Corp. (NASDAQ: APLD ) is roughly flat this year, but it trades at about half its May peak.

1. 55% Implied Move The gold developer reports third-quarter results Oct. 8 before the open. Analysts expect a loss of 7 cents per share.

The company has no revenue yet while it advances the Donlin Gold project in Alaska. On Sept. 29, Novagold said it expects to become the sole owner of Donlin by acquiring Paulson’s 40% stake in exchange for shares. Closing is anticipated in December.

The stock has dropped 10% over the past week. The updated feasibility study, project financing and cash position are the swing factors. 1% in 2026, Novagold Resources Inc. (NYSE: NG ) carries the widest expected swing of the week.

1%: Could the Stock Match That Return?