Lower UPS SYY, and BA. Higher CARR

Tuesday features a heavy slate of earnings announcements, with more than 30 companies reporting that each has a market capitalization exceeding $25 billion. All reports are scheduled for the morning session.

UPS (United Parcel Service): The delivery giant is expected to trade lower following earnings. The stock has risen 4.3% recently and has a historical tendency to sharply reverse post-earnings. While short interest has declined, the stock’s returns show little sensitivity to short positioning. On average, UPS moves about 7% on earnings.

Carrier Global (CARR): The climate solutions provider has gained 5.35% over the past week. Historically, CARR exhibits strong momentum heading into and following earnings, so is expected to be higher. Despite a notable 5% drop in short interest, the stock’s returns are not particularly sensitive to short interest changes. Average earnings-related volatility is around 7%.

Sysco (SYY): The foodservice distributor is also expected to trade lower post-earnings. The stock has recently climbed, but historically, it tends to mean-revert after earnings. Changes in short interest have been minimal, and returns are largely unaffected by short positioning. SYY typically moves 4% on earnings.

Boeing (BA): The aerospace company’s recent price action has been flat, but short interest surged 12% over the past week. Historically, short positioning has been a reliable indicator for Boeing, making this increase a bearish signal. The stock averages a 3.8% move on earnings.

Want to know more? Access this data in real time using S3’s BLACK APP & BLACK MAP

The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC (“S3 Partners”) to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks, and merits, as well as the legal, tax, accounting, and investment consequences, of such decisions.