Earnings Season Highlights

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A collection of noteworthy post-earnings reactions

Published on Sep 1, 2021 at 9:13 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Shrug Off Alarming Jobs Data

by Jake Scott

Stock futures are higher to begin September, as the S&P 500 Index (SPX) looks to build on its seven-month winning streak. Futures on the Dow Jones Industrial Average (DJI) are eyeing a triple-digit pop, while Nasdaq-100 Index (NDX) futures boast a modest lead, even after less-than-stellar jobs data rolled in. The ADP employment report showed private payrolls increasing by just 374,000, far below Wall Street's estimate of 600,000. Elsewhere, oil prices will be in focus amid the Hurricane Ida fallout and ahead of the OPEC+ meeting later today.

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

Schaeffer's Senior Quantitative Analyst Rocky White presents the best and worst stocks to own this Labor Day.
Why options traders blasted Digital Turbine stock.
Plus, unpacking Campbell Soup's earnings report; Nio's dismal delivery outlook; and Sunrun stock's bull note.

Futures Chart September 1

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.5 million call contracts traded on Tuesday, compared to 702,613 put contracts. The single-session equity put/call ratio rose to 0.46 and the 21-day moving average stayed at 0.52.
Campbell Soup Company (NYSE:CPB) stock is up 0.7% before the open, despite the food processing company beating top and bottom-line forecasts in its fiscal fourth-quarter earnings report. Possibly weighing on Campbell Soup stock is a fiscal 2022 adjusted earnings outlook that's lower than Wall Street estimated, as the food producer continues to deal with higher in put costs and a limited workforce. Campbell Soup stock is off 20.7% year-over-year going into today.
The shares of Nio Inc (NYSE:NIO) are down 5.1% in electronic trading, after the China-based electric vehicle maker slashed its third-quarter delivery outlook. The company cited supply chain constraints as the reason for the cut. Nio stock is down 19.3% year-to-date but remains up 106.6% year-over-year.
Energy stock Sunrun Inc (NASDAQ:RUN) is up 6.5% before the market's open, after the security was added to the U.S. Analyst Focus List at JPMorgan Chase. Meanwhile, Wolfe Research hit RUN with a "market overweight," after the company made the move to clean energy. Sunrun stock is down 36% in 2021.
A slew of other economic indicators are due out today, including construction spending and motor vehicles sales data. Traders will also be keeping an eye on the final Markit manufacturing PMI, and the Institute for Supply Management (ISM) manufacturing index..

OV Buzz Chart Sept 1

European Markets Buck Yesterday's Inflation Data Woes

Markets in Asia were higher today, led by Japan's Nikkei, which scored a 1.3% pop. Elsewhere, the South Korean Kospi added 0.2%, Hong Kong's Hang Seng rose 0.6%, and China's Shanghai Composite tacked on 0.7%. Investors eyed economic data out of China, with August's Caixin/Markit manufacturing Purchasing Managers' Index (PMI) coming in at 49.2, putting it below the mark that separates expansion from contraction at the 50 level.

Following shaky trading during yesterday’s session, thanks to concerning Euro zone inflation data, markets in Europe are higher today. The French CAC 40 is in the lead with a 1.4% gain, while London's FTSE 100 is up 0.9%. The German DAX is 0.3% higher, despite news that German retail sales suffered a much bigger-than-expected 5.1% month-over-month drop in July, compared to the anticipated 0.9% deficit. Meanwhile, the euro zone's final August manufacturing PMI came in at 61.4, which is just below the flash estimate of 61.5.

Published on Sep 1, 2021 at 12:25 PM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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September Trading Kicks Off as Nasdaq Notches Another Peak

by Lillian Currens

Published on Sep 1, 2021 at 4:26 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Nasdaq Nabs Record Close to Start September

by Laura McCandless

Published on Sep 2, 2021 at 9:06 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Pop After Upbeat Jobless Claims

by Jake Scott

Stock futures are signaling a higher open today, as Wall Street mulls over the latest jobs data before the holiday weekend. Weekly jobless claims came in at 340,000, their lowest level since March 2020 and better than the 345,000 expectations from analysts. At last check, futures on the Dow Jones Industrial Average (DJI) are up around 60 points, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are higher as well, with the latter coming off a record close.

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

Beware of this retail stock in September.
Mixed signals for Brady stock ahead of earnings.
Plus, Chewy stock eyes bear gap; Hormel brushes off earnings beat; and Five Below stock dented.

Futures Chart September 2

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts traded on Wednesday, compared to 853,514 put contracts. The single-session equity put/call ratio fell to 0.45 and the 21-day moving average stayed at 0.52.
Chewy Inc (NYSE:CHWY) stock is plummeting in electronic trading, last seen down 9.5% in electronic trading. The pet producer retailer reported wider-than-expected losses and lackluster revenue in its third-quarter earnings report, and chalked the dismal results up to high levels of out-of-stock products. In response, Chewy issued an outlook that was weaker than analysts anticipated. Heading into today, Chewy stock was battling its year-to-date breakeven level.
The shares of Hormel Foods Corp (NYSE:HRL) are down 1.1% before the open, after the food producer reported third quarter earnings that lined up with Wall Street's estimates, alongside revenue that was higher than expectations. Instead, a weaker-than-expected full-year outlook is weighing on the stock. Longer term, HRL is down 9.9% year-over-year.
Five Below Inc (NASDAQ:FIVE) stock is plunging on the charts, down 8.4% ahead of the open, despite the discount retailer's quarterly earnings beat. The catalyst for today's dip seems to be revenue that was shy of forecasts, as well as withheld full-year guidance. This negative price action will put a dent in Five Below stock's 88.8% year-over-year lead.
Today, investors will see trade balance data and factory orders. Revised capital goods orders, as well as productivity and unit labor costs data are also on the calendar.

OV Buzz Chart Sept 2

Investors in Asia React to Ridesharing Probe

Markets in Asia were mostly higher today, with the exception of the South Korean Kospi, which finished with a 1% loss. Japan's Nikkei added 0.3%, Hong Kong's Hang Seng rose 0.2%, and China's Shanghai Composite tacked on 0.8%. Investors focused on a meeting between Chinese regulators and 11 ridesharing companies, including Didi (DIDI), about their illegal behavior.

Over in Europe, markets are fairly muted midday, as investors eye upcoming jobs data out of the U.S. London's FTSE 100 is down 0.1%, the French CAC 40 is off 0.06%, and the German DAX is up 0.01%.

Published on Sep 2, 2021 at 12:02 PM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Up Triple Digits, Poised to Snap Three-Day Skid

by Lillian Currens

Published on Sep 2, 2021 at 4:26 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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S&P 500, Nasdaq Snag Record Closes Ahead of August Jobs Report

by Laura McCandless

Published on Sep 3, 2021 at 9:12 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Muted After Dismal Jobs Data

by Jake Scott

Stock futures are muted this morning, as investors unpack a disappointing jobs report. August non-farm payrolls increased by just 235,000, well below the 720,000 economists forecasted and amounting to the worst jobs creation since January. The unemployment rate, meanwhile, fell to 5.2%, which was in line with expectations. At last check, futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are all hovering near breakeven. Elsewhere, enigmatic cryptocurrency Bitcoin (BTC) has reclaimed the psychologically significant $50,000 level.

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

10 commandments for options trading and fantasy football.
The big event that could push DocuSign stock to new highs.
Plus, NFLX's impressive win streak; DocuSign's earnings report; and FuboTV sports betting update.

FUtures Chart September 3

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 2 million call contracts traded on Thursday, compared to 836,111 put contracts. The single-session equity put/call ratio fell to 0.42 and the 21-day moving average stayed at 0.52.
Netflix Inc (NASDAQ:NFLX) just recorded its 14th win in 15 sessions, which culminated in a new all-time high yesterday. NFLX was last seen slightly higher, up 0.08% in electronic trading, as the security looks to extend it's best-ever two week stretch. Netflix stock now boasts an 8.8% year-to-date lead.
The shares of DocuSign Inc (NASDAQ:DOCU) are 1.8% higher ahead of the open, after the e-signature vendor beat Wall Street's second-quarter earnings and revenue expectations. In response, the company raised its full-year guidance. Year-to-date, DocuSign stock sports a 32.5% rise.
Sports streaming name FuboTV Inc (NYSE:FUBO) stock is popping, up 4.1% before the market's open, following news that Arizona regulators are allowing the company to offer mobile betting. This marks the second state to grant FuboTV such approval, with the other being Iowa. The positive price action only adds to FUBO's incredible 204% year-over-year lead.
Today will also feature the final Markit services PMI, alongside the ISM services index.

OV Buzz Chart Sept 3

Japanese Markets Pop After Prime Minister Race Update

Markets in Asia were mixed today. Japan's Nikkei led the winners with a 2.1% pop, after Prime Minister Yoshihide Suga announced he will not be running in the upcoming election. China's Shanghai Composite dropped 0.4%, after the Caixin/Markit services Purchasing Managers’ Index (PMI) came in at 46.7 – a sharp contraction and its lowest reading since April 2020. Elsewhere, the South Korean Kospi tacked on 0.8%, and Hong Kong's Hang Seng fell 0.7%.

Meanwhile, European markets are struggling for direction, as investors look ahead to U.S. jobs data. The euro zone's final IHS Markit composite PMI came in at 59 from July's 60.2 – still well above the 50 level and remaining above that mark of contraction. The French CAC 40 is down 0.4% midday, while London's FTSE 100 and the German DAX are up 0.2% and 0.1%, respectively.

Published on Sep 3, 2021 at 11:52 AM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Steps Back, Nasdaq Reaches For More Records

by Lillian Currens

Published on Sep 3, 2021 at 4:36 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Nasdaq Finishes Week of Records on a High Note

by Laura McCandless

Published on Sep 7, 2021 at 9:25 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Muted as Investors Digest Economic Recovery Outlook

by Jake Scott

Stock futures are pointing toward a muted open, with Wall Street's concerns surrounding the Delta variant's impact on economic recovery weighing on sentiment; especially following Friday's dismal August jobs report. In fact, Goldman Sachs (GS) downgraded its economic outlook this weekend, slashing its annual growth and fourth-quarter gross domestic product (GDP) outlook estimates. At last check, futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are all just below breakeven. Meanwhile, gold futures are looking to log their sharpest daily fall in nearly a month, thanks to the strengthening U.S. dollar and rising Treasury yields.

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

Schaeffer's V.P. of Research Todd Salamone addresses the seasonally weak period for stocks.
Breaking down the delta of an option.
Plus, JD.com's c-suite shakeup; Boeing's billion-dollar bluster; and a fresh upgrade for Spotify stock.

Futures Chart September 7

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.8 million call contracts traded on Friday, compared to 904,697 put contracts. The single-session equity put/call ratio rose to 0.50 and the 21-day moving average stayed at 0.52.
JD.Com Inc (NASDAQ:JD) announced a new president. Xu Lei, current CEO of JD Retail, will assume the day-to-day operations of JD.Com, after the company's founder and CEO Richard Liu decided to step back from such duties. JD was last seen moving higher, up 1.7% in electronic trading, which brings the stock closer to overcoming its 9% year-to-date deficit.
The shares of Boeing Co (NYSE:BA) are 0.7% lower ahead of the open, after a multi-billion dollar deal fell through. Specifically, one of Boeing's biggest customers, Ryanair, said it ceased talks to buy tens of billions of dollars worth of 737 MAX 10 jets, in response to a pricing dispute. Boeing stock has shed 12.7% over the last three months, closing the gap on its 1.9% year-to-date lead.
Music streaming staple Spotify Technology SA (NYSE:SPOT) stock is popping, up 4.2% before the market's open, after KeyBanc upgraded the equity to "overweight" from "equal weight," with the firm citing Spotify's impressive user base growth. However, Spotify stock still has a ways to go to fix the 20.9% deficit it's amassed in 2021.
Things start of slow, as no economic data is slated for release today.

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Chinese Stocks Boosted by Hong Kong's Quarantine-Free Decision

Markets in Asia were mostly higher today, with the exception of the South Korean Kospi, which ended the day with a 0.5% loss. Hong Kong's Hang Seng rose 0.7%, as retail stocks jumped after it as was announced that Hong Kong will allow quarantine-free admittance to mainland visitors starting Sept. 15. Elsewhere, China's Shanghai Composite added 1.5%, amid economic data showing the country’s exports rose a better-than-expected 25.6% year-over-year in August. Meanwhile, Japan's Nikkei tacked on 0.9%.

Over in Europe, markets are mostly lower, as investors await Thursday's European Central Bank (ECB) meeting. According to Germany's ZEW survey, economic sentiment dropped to 26.5 in September from the previous month's 40.4, and the German DAX is down 0.08% at midday. Meanwhile, the French CAC 40 is up just 0.02%, while London's FTSE 100 is 0.2% lower.

Published on Sep 7, 2021 at 12:20 PM

Updated on Mar 9, 2022 at 3:00 PM