Ahead of earnings, investors are betting on major moves from a slew of blue chip Dow stocks reporting results this week.
"Collectively, when you think about how big the market capitalization swings on these four companies are, we're talking about a change in valuation of probably $24 billion," Mike Khouw explained Tuesday on "Fast Money. "
The president of Optimize Advisors noted that the indicated moves for AmEx and Intel are larger than they have been in the past, "probably because both have had a lot of news out lately."
Indeed, the release of Apple's iPhone 7 could be a boon for Intel as the company's chips may be used in the new device. On the flipside, second-quarter earnings for AmEx could take a hit thanks to restructuring charges (which cost the company $84 million in the previous quarter) and historically low gas prices.