5 Stocks That Could Move Big on Earnings

MINNEAPOLIS (Stockpickr) -- The market roller coaster continued last week. Wild swings in stock prices made for a very difficult environment for investors. Traders, on the other hand, had a field day.

Imagine being on the right side of a trade when a stock is moving 10% or more in a very short period of time. Yes, there is big money to make in this environment. If you can get over the fear, opportunity is right in front of you.

I use earnings reports as a way to focus my mind and ignore the rest of the nonsense in market speculation. Last week I recommended five stocks to sell ahead of their earnings reports.

SodaStream(SODA) and DeVry(DV) were absolutely crushed in value after they reported results, with SodaStream down nearly 40% and DeVry down 17% in one day of trading. If you were short these stocks, you made a significant profit.

Related: 5 Rocket Stocks to Buy in This Turbulent Market

The success of those calls more than offset the results of my sell recommendations of Nordstrom(JWN), Red Robin Gourmet(RRGB) and Dillard's(DDS), all of which moved slightly higher after reporting results.

In this market, it was easy to jettison stocks with premium valuations. Risk-taking during the week was low, and investors were in no mood to celebrate unless there was a big reason to do so. With many stocks inefficiently priced at the moment, investors are using earnings reports to reset stock values.

The big moves, always in one day of trading, make for fertile ground for traders. I expect more wild swings this week.

Here are five companies reporting results that are likely to join that trend.