See what an event reaches, and what hasn't moved yet

When a supplier warns, a customer raises capex or a competitor misses, the effect doesn't stop at that ticker. It reaches the companies that buy from it, sell to it, share its customers or depend on the same capacity, sometimes two or three steps away and often through private companies no screen shows.

The Transmission Desk follows every event along those links automatically. Earnings prints, guidance changes, supplier distress (strikes, fires, recalls, outages), large unexplained moves with evidence behind them, and new act-grade evidence that prices haven't reacted to yet.

• Expected move: the calibrated pass-through for that kind of link, times how strongly the two are connected, times the source's move against its sector.
• Moved so far: its own move against its sector over the same days.
• The gap: what's left. A name that moved hard the other way is flagged as having its own news, not as a gap.
• Estimates: whether consensus has moved since the event.
• Timing: its next report date.
• The path: the chain of companies with the receipt behind each link, and a hedge suggestion that isolates the read-across from the sector.

For every company reporting in the next ten days, the desk shows who moves on a beat or a miss of its typical size, so you know where your book is exposed before the number is out.

The pass-through for each kind of link is measured on 18,905 earnings prints over five years, with the most recent year held out. Link types that don't hold out of sample are not used. We publish the full result, including that slower catch-up is not reliable in today's large caps.