Stocks will kick off their first full week of May with earnings from Walt Disney (DIS), Cisco Systems (CSCO) and Lincoln National (LNC), among many other.  Investors will also hear the latest reading on unemployment on Friday.  

Cisco Systems is slated to report its third-quarter results after the bell Wednesday, and analysts expect the company to report a profit of $0.24 per share, down from $0.38 a year ago, on revenue of $8.1 billion, according to Reuters Estimates.  The stock has lost 23.7% over the past 12 months.

In the near-term, the stock has moved to favoring a reversal trend, cutting back or reversing its evening performance in next-day regular session trade in six consecutive quarters.   Looking deeper into the performance data, shorts should be interested to know that Cisco has seen a negative post-bell earnings-driven trade in 14 of the 23 quarters we’ve tracked, and in nine of those downside evening moves the stock has followed that trade with a more aggressive negative run in the next day’s regular session.

On the long side, Cisco is about evenly mixed, recording nine earnings-driven upside evening moves in the 22 quarters we’ve followed - widening those gains four times the next day and recording five other events where the gains were cut back or reversed the following day. 

Nvidia (NVDA) is set to report its first-quarter results after the bell Thursday, and analysts expect the company to report a loss of $0.11 per share, down from a profit of $0.36 a year ago, on revenue of $502.6 million.  The stock has lost 42% over the past 12 months.

Traders should hold their positions if they are on the right side of the trade in the after-hours.  Nvidia strongly favors a widening pattern between its after-hours move and the next day session following an evening earnings event.  Shares have widened their next-day price movement in all of the last four sessions.  On February 10, the stock fell 2.8% in after-hours trading and widened that move the following regular session, ending down 12.6%.