Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Jul 19, 2021 at 12:05 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Jul 19, 2021 at 4:34 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Jul 20, 2021 at 9:12 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Stock futures are signaling a rebound this morning, with the Dow Jones Industrial Average (DJI) pointed over 150 points higher, while the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are poised for a big move into the black as well. The Dow is coming off its biggest drop in eight months, as fears over the spreading Covid-19 delta variant grip Wall Street. Meanwhile, the 10-year Treasury yield is still sitting near its five-year lows, last seen at 1.18%. Reopening stocks look ready to bounce back today, while the bank sector also looks ready to climb. Elsewhere, Bitcoin dropped back below the $30,000 level last night. 

Continue reading for more on today's market, including:

  • Schaeffer's Senior Market Strategist Matthew Timpane unpacks VIX seasonality.
  • McDonald's stock is on sale ahead of earnings.
  • Plus, Nasdaq plans spinoff; and two blue-chips enjoying post-earnings pops. 

futures july 20

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts traded on Monday, compared to over 1 million put contracts. The single-session equity put/call ratio fell to 0.53 and the 21-day moving average stayed at 0.49.
  2. Nasdaq Inc (NASDAQ:NDAQ) announced it plans to make its Nasdaq Private Market unit a separate company. NDAQ is off 0.9% ahead of the bell, but up 33% this year. 
  3. IBM (NYSE:IBM) is up 3.1% in electronic trading, after the blue-chip tech giant's second-quarter earnings and revenue exceeded analysts' estimates, with IBM also noting its best revenue growth in three years. The stock is up 9.6% in 2021. 
  4. The shares of Travelers Companies Inc (NYSE:TRV) are up 1.2% in pre-market trading, following the insurance company's second-quarter earnings topped analysts' estimates. The company's revenue also beat expectations, citing higher premiums and a lower number of catastrophe losses. Year-to-date TRV is up roughly 8%.       
  5. Data on building permits and housing starts will be released today. 

OV Buzz July 20

European Markets Attempt Rebound

Asian markets were lower across the board today, taking a cue from their U.S. counterparts after the Dow's massive selloff. Japan's Nikkei pulled back 1%, Hong Kong's Hang Seng fell 0.8%, and the South Korean Kospi closed with a 0.4% loss. Elsewhere, China's Shanghai Composite dipped 0.07%, after China expectedly kept its benchmark lending rate unchanged, with the one-year Loan Prime Rate (LPR) at 3.65% and the five-year LPR at 4.65%.

Over in Europe, markets are attempting to rebound from yesterday's slump sparked by the surge in Covid-19 cases internationally. The French CAC 40 is leading with a 0.9% gain midday, while London's FTSE 100 is up 0.5%, and the German DAX rises 0.4%. 

Published on Jul 22, 2021 at 12:06 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Jul 22, 2021 at 4:25 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Jul 23, 2021 at 9:28 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Markets are poised to extend their rally off Monday's trench, with futures on the Dow Jones Industrial Average (DJI) up 182 points, and the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) sporting notable pre-market gains of their own. The 10-year Treasury yield is continuing to rise too, last seen at 1.3%. Tech stocks are leading the way this morning, with better-than-expected earnings from several social media stocks, including Twitter (TWTR) and Snap (SNAP).

Continue reading for more on today's market, including:

  • How this blue-chip stock behaved before this morning's earnings report. 
  • What might push Twitter stock even higher. 
  • Plus, HON lifts forecast; INTC sinks despite earnings beat; and buyout buzz sends VNNE surging. 

futures chart july 23 2021

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.3 million call contracts traded on Thursday, compared to 768,366 put contracts. The single-session equity put/call ratio rose to 0.57 and the 21-day moving average stayed at 0.49.
  2. The shares of Honeywell International Inc (NASAQ:HON) are slipping today, last seen down 0.3%, despite the company reporting a second-quarter earnings and revenue beat, and lifting its full-year outlook. Honeywell cited strength across all its businesses. Year-over-year, HON is up 51.4%. 
  3. Blue-chip tech name Intel Corporation (NASDAQ:INTC) is down 2.4% in electronic trading, after its latest forecast fell below some investors expectations, with the firm noting the world-wide chip shortage could be long-term. The company did post a fiscal third-quarter earnings and revenue beat, however. Year-to-date, the stock is up 12.7%. 
  4. Sweden-based auto name Veoneer Inc (NYSE:VNE) is up 54.7% in electronic trading, amid news that the firm will be bought by Canada-based competitor Magna International in a $3.8 billion all-cash deal, which will aid in the firm's recent driver assistance technology developments. Magna (MG), meanwhile, is off 4.2% ahead of the bell. 
  5. The week wraps up with the Markit manufacturing purchasing managers' index (PMI), as well as the services PMI. 

buzzjuly23

Earnings Season Gives European Markets a Boost

Markets in Asia were mostly lower today, with Japan's Nikkei closed for holiday. Hong Kong's Hang Seng dropped 1.5%, while China's Shanghai Composite shed 0.7%, after news that Beijing is considering further harsh penalities and even a forced delisting of rideshare name Didi (DIDI). Today's only winner, the South Korean Kospi, added 0.1%.

Meanwhile, European markets are higher across the board as earnings season picks up. The euro zone's flash purchasing managers index (PMI) for July showed business activity growth at its fastest in over 20 years, as countries reopen. London's FTSE 100 is posting a 0.8% gain after U.K. retail sales rose 0.5% in June, though the country's IHS Markit PMI dropped to 57.7 from 62.2 for the same month. Elsewhere, the French CAC 40 is up 1.1% at last check, and the German DAX has risen 1%. 

Published on Jul 23, 2021 at 12:19 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Jul 23, 2021 at 4:29 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Jul 26, 2021 at 9:21 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Stock futures are taking a breather this morning, with futures on the Dow Jones Industrial Average (DJI) pointed 104 points lower, and futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) both set to open squarely in the red. Investors are gearing up for a week packed with earnings reports from the tech sector, with Tesla (TSLA) prepared to push the first domino with its quarterly report after the close. The company also said late last week it will likely start reaccepting Bitcoin (BTC) as payment, causing the cryptocurrency to surge above the $3,900 level earlier on Monday, for the first time since mid-June.

Continue reading for more on today's market, including:

  • The gaming underdog bulls might want to reconsider. 
  • A potential new law in China could make or break EDU. 
  • Plus, TME hit with new restrictions; AMZN considers bitcoin; and HAS celebrates a top- and bottom-line beat. 

futures chart july 26 2021

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.7 million call contracts traded on Friday, compared to over 1 million put contracts. The single-session equity put/call ratio rose to 0.61 and the 21-day moving average rose to 0.50.
  2. News that regulators have made it illegal for Tencent Music Entertainment Group (NYSE:TME) to own exclusive rights to online music is sinking U.S.-listed shares. TME is down 9.7% in pre-market trading. The stock is off nearly 44% year-to-date. 
  3. According to insider sources, Amazon.com, Inc. (NASDAQ:AMZN) is considering accepting bitcoin as payment on its website, as well as a new digital currency of its own creation. The company also recently listed an open position for a "cryptocurrency and blockchain lead." AMZN is up 0.5% ahead of the bell, and 12.3% in 2021. 
  4. The shares of toymaker Hasbro, Inc. (NASDAQ:HAS) are up 3.6% in electronic trading, following a second-quarter earnings and revenue beat. The firm noted a rebound in its film and television-linked businesses, as well as strength for its Wizards division, which includes "Dungeons & Dragons." Today's pop has HAS set to topple its year-to-date breakeven level. 
  5. Today's calendar will bring new home sales data for June. 

OV Buzz July 26

Government Restrictions Put Weight on Asian Stocks 

Markets in Asia mostly slipped today, with the exception of Japan's Nikkei, which closed with a 1% pop. Several Chinese companies are plummeting due to newfound fines and restrictions, which led Hong Kong's Hang Seng to wipe out its 2021 gains with a 4.1% drop. China's Shanghai Composite fell 2.3%, and the South Korean Kospi moved 0.9% lower.

Meanwhile, European markets are dropping off, as investors continue to monitor surging Covid-19 cases. The business climate index in Germany fell to 100.8 from June's 101.7, missing expectations of 102.1, showing a fall in business sentiment. The German DAX is down 0.3% at last check, while London's FTSE 100 and the French CAC 40 are both off 0.1% 

Published on Jul 28, 2021 at 11:57 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Jul 28, 2021 at 4:29 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Jul 29, 2021 at 9:20 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Stock futures are mixed this morning, with the Dow Jones Industrial Average (DJI) looking to bounce back from last night's triple-digit drop, with a roughly 132 point lead, while S&P 500 Index (SPX) futures are also poised for muted gains. Futures on the Nasdaq-100 Index (NDX), meanwhile, are pointed lower after scoring a notable win during Wednesday's session. Investors are mulling over the Federal Reserve's decision to keep interest rates near zero, as well as a U.S. second-quarter gross domestic product (GDP) reading, which accelerated 6.5% year-over-year -- much lower than the 8.4% annualized growth expected. Jobless claims data also disappointed, with 400,000 people filing for initial unemployment benefits, compared to the 385,000 anticipated.   

Continue reading for more on today's market, including:

  • Is INFY ready to climb to even more fresh highs?
  • The pharma stock bulls may want to consider next month. 
  • Plus, MRK's Q2 report in line with forecasts; TAP sees earnings beat; and FB falls on H2 prediction. 

futures july 29

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.5 million call contracts traded on Wednesday, compared to 821,130 put contracts. The single-session equity put/call ratio fell to 0.52 and the 21-day moving average rose to 0.52.
  2. The shares of Merck & Co., Inc. (NYSE:MRK) are off 1% in electronic trading after its second-quarter earnings fell in line with estimates, while its revenue topped expectations. Growth for the company's cancer drug Keytruda also fell mostly in line with expectations. MRK has been testing its footing near its year-to-date breakeven, and is looking to open just below the level. 
  3. Molson Coors Beverage Co (NYSE:TAP) also entered the earnings confessional, and the stock was last seen up 2.4% in electronic trading after the firm's second-quarter profits and revenue beat analysts' forecasts. TAP is up over 50% in the last nine months. 
  4. Facebook, Inc. (NASDAQ:FB) reported a and top- and bottom-line beat, but forecast slowing revenue growth during the remainder of 2021, due to Apple's (AAPL) updated privacy policies. FB is sporting a 36% year-to-date lead, but is down 3.3% in electronic trading.
  5. Also on tap for today is June's pending home sales index. 

OV Buzz July 29

Hang Seng Surges, Brushing Off Earlier Regulation Concerns

Markets in Asia finished higher today. Hong Kong's Hang Seng jumped 3.3%, as tech stocks affected by regulation concerns earlier in the week soared. Plus, China's securities regulators noted that the country will continue to allow Chinese companies to go public in the U.S., as long as they meet listing requirements. China's Shanghai Composite closed 1.5% higher, the South Korean Kospi added 0.2%, and Japan's Nikkei settled up 0.7%.

European markets are higher as well, as investors unpack a large number of big-name earnings, including those from Credit Suisse and Volkswagen. Meanwhile, economic sentiment in the euro zone rose to a record high, with the monthly survey rising up to 119 points in July. London's FTSE 100 is up 1% midday, while the French CAC 40 and German DAX have risen 0.8% and 0.5%, respectively. 

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