Earnings Season Highlights

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A collection of noteworthy post-earnings reactions

Published on Feb 24, 2022 at 12:00 PM

Earnings Preview

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Quaker Chemical Stock Moves Lower Ahead of Earnings

by Schaeffer's Digital Content Team

Quaker Chemical Corp (NYSE:KWR) is down 3.4% to trade at $188.69 at last check, and earlier hit a roughly annual low of $189.50. This negative price action comes ahead of the company's fourth-quarter earnings report, due out after today's close. Below, we will dive into KWR's technical setup, in addition to its previous post-earnings activity.

Digging deeper, the equity today breached a familiar floor at the $195 level, which had been supporting the shares since late January. Additionally, the security is now pacing for its fifth-straight daily loss, guided lower by the 30-day moving average. Year-over-year, KWR carries a 35.7% deficit.

KWR 30 Day

The equity has a generally positive history of post-earnings reactions, finishing five of eight next-day sessions higher over the past two years, including a 10% jump in May 2020. Options traders are pricing in a 7.5% swing for KWR this time around, which is higher than the 4.4% move it averaged following its last eight reports, regardless of direction.

Shorts have been piling on the security ahead of the event. In fact, short interest added 5.3% in the most recent reporting period, and the 1.48 million shares sold short account for 11% of KWR's available float, or nearly five weeks' worth of pent-up buying power.

The options pits are similarly pessimistic. This is per the equity's Schaeffer's put/call open interest ratio (SOIR) of 3.05, which sits in the 80th percentile of annual readings. This suggests short-term options traders have rarely been more put-biased in the past 12 months.

From a fundamental point of view, Quaker stock has a relatively high valuation, trading at a forward price-earnings ratio of 24.81, and a price-sales ratio of 2.18. The chemical company's balance sheet is also weak, with only $136.79 million in cash and roughly $926 million in total debt.

However, KWR's revenues are up 96% since 2018, while net income is up 155%, after experiencing a 47% decline in net income for 2019. The company has also increased its trailing 12-month revenues and net income by 20% and 282%, respectively, since 2020.

Plus, Quaker Chemical stock has analysts estimating revenue growth of 7.1%, and earnings growth of 14.56% for 2022. This potentially set ups KWR as an option from a long-term growth and value perspective, should its price continue falling in the short-term.

Published on Feb 24, 2022 at 12:00 PM

The Week Ahead

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Jobs Data, Inflation Updates to Headline First Week of March

by Lillian Currens

March will definitely be coming in like a lion next week, with plenty of economic indicators on deck and a few corporate earnings still trickling in, too. A deluge of jobs data will keep investors busy, as Wall Street sifts through February's ADP employment report and nonfarm payrolls for clues on how the workforce is recovering from this winter's omicron variant. Several important inflation readings will also be on tap, including the Chicago purchasing managers' index (PMI), and the final Markit manufacturing PMI.

Earning season is finally winding down, but not before reports are released by AMC Entertainment (AMC), American Eagle (AEO), AutoZone (AZO), Best Buy (BBY), BJ's Wholesale (BJ), Dollar Tree (DLTR), Domino's Pizza (DPZ), Hostess Brands (TWNK), Kohl's (KSS), Kroger (KR), Lucid Motors (LCID), Nordstrom (JWN), Novavax (NVAX), Salesforce.com (CRM), Target (TGT), Urban Outfitters (URBN), and Zoom Video (ZM).

Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.

The final day of the month, Monday, Feb. 28, will bring trade in goods data and the Chicago PMI.

Investors will transition into the new month with data on construction spending on Tuesday, March 1. The ISM manufacturing index and the Markit manufacturing PMI are also due out.

The Federal Reserve's beige book will come out on the afternoon of Wednesday, March 2, while the ADP employment report will be out bright and early that day.

Thursday, March 3 is set to be a busy one, with initial and continuing jobless claims, as well as the fourth quarter's productivity revision and unit labor costs revision data all out before the bell. Following the market's open, February's Markit services PMI will be released, followed by the ISM services index, data on factory orders, and core capital equipment orders.

The week will wrap up on Friday, March 4 and feature nonfarm payrolls data, the unemployment rate, average hourly earnings, the labor force participation rate, and info on consumer credit.

Published on Feb 24, 2022 at 11:05 AM

Trader Content
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Options Strategies During Volatile Market Environments [VIDEO]

by Chris Prybal

Published on Feb 24, 2022 at 10:26 AM

Intraday Option Activity
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Why Alibaba Stock Hit 5-Year Lows After Earnings

by Jake Scott

Already, 54,000 calls and 49,000 puts have exchanged hands, which is double the amount typically seen at this point. Most popular is the weekly 2/25 100-strike put, followed by the 105-strike put in the same series.

Published on Feb 24, 2022 at 10:22 AM

Analyst Update
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eBay Stock Blasted with Bear Notes After Dismal Forecast

by Fernanda Horner

Options traders are targeting EBAY after its earning event, too. So far today, 13,000 calls and 39,000 puts have crossed the tape, which is nine times what is typically seen at this point.

Published on Feb 24, 2022 at 10:16 AM

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Entertainment Stock Brushes Off Earnings Miss

by Laura McCandless

Live Nation Entertainment Inc (NYSE:LYV) announced a mixed fourth-quarter report after the close yesterday. While revenue beat estimates, the company's losses of 86 cents per share were greater than the losses of 54 cents anticipated by analysts. To follow, J.P. Morgan Securities raised its price target to $130 from $117, while Guggenheim adjusted its price objective to $140 from $134. At last glance, LYV was reversing its earlier losses, up 7.1% at $121.37, even as the broad-market selloff adds pressure in the background.

LYV had a choppy last few months on the charts, though the $100 level provided a consistent floor for the furthest pullbacks. Today, the stock's 90-day moving average captured its earlier retreat, and the equity is now on track for its fourth-straight weekly win. Year-to-date, the security hovers near breakeven.

An unwinding of short interest could send LYV higher still. Shorts have been building their positions, and the 15.71 million shares sold short account for 10.4% of the stock's available float, or nearly seven days worth of pent-up buying power.

Meanwhile, the options pits are more pessimistic than usual today, with puts running at three times what's typically seen. So far, 890 puts and 760 calls have crossed the tape. The March 90 put is seeing the most activity, followed by the March 100 put.

Published on Feb 24, 2022 at 10:16 AM

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Papa John's Shares Earnings Beat, Same-Store Sales Surge

by Lillian Currens

Papa John's Int'l, Inc. (NASDAQ:PZZA) just left the earnings confessional with fourth-quarter profits and revenue that topped analysts' estimates. The company's gross margin also improved despite recent labor shortages and commodity market issues, and its same-store sales rose over 11%. At last check, the stock was down 0.8% at $105.66.

Papa John's stock has reclaimed most of this morning's steeper losses, amid the broad-market selloff, but is still on track for its seventh-straight daily loss. PZZA has been on a downward spiral of late, and breached the 320-day moving average during yesterday's trading, marking its first close below the trendline in nearly two years. The stock is clinging to a small year-over-year lead, though it has lost over 20% in 2022.

Analysts have yet to comment, but most members of the brokerage bunch are bullish. Of the 14 in coverage, 10 say "strong buy." Plus, the 12-month consensus price target of $145 is a 38.7% premium to current levels.

Short-term options traders, on the other hand, were extremely put-biased ahead of the event. This is per PZZA's Schaeffer's put/call open interest ratio (SOIR) of 1.50, which stands higher than 97% of readings from the past year.

Published on Feb 24, 2022 at 9:42 AM

Updated on Feb 24, 2022 at 9:42 AM

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3 ETFs to Watch Amid Russia-Ukraine Escalation

by Patrick Martin

Subscribers to Chart of the Week received this commentary on Sunday, February 27.

If you've been hanging on to every development in the geopolitical theater between Russia and Ukraine over the past month, you probably have whiplash right now. As an investor, it's difficult to glean much from any particular headline -- positive or negative -- because a less-than-constructive development could be right around the corner that throws a wrench in it all. This week's price action is evident of that.

One thing is for sure; financial markets are quite sensitive to brinksmanship. It doesn't take a Rhodes scholar to recognize that war=bad for stocks. But geopolitical posturing – and that's what Russia is doing -- has so many other ancillary effects that a cheat sheet of sorts could help investors articulate the cause-and-effect of every development. We're going to try to unpack the bigger ones below.

Let's get the obvious ones out of the way; safe-haven assets get gobbled up amid geopolitical tensions and gold futures are on track for their best weekly win in nine months, while the 10-year Treasury yield ticks below 1.95% at last check. You can also tie the VanEck Vectors Russia ETF (RSX) to U.S. indexes in that they both benefit from de-escalation. The RSX gained 5.8% on Feb. 15, following reports that Russian military units were returning to their bases after exercises near Ukraine. However, the index then shed 4.9% after the U.S. Ambassador to the United Nations noted the conflict had reached a "crucial moment" and that Russia is moving toward "an imminent invasion. "

RSX has seen around $120 million inflows in the last two weeks, per ETFTrends.com. Around 40% of the fund's $1.4 billion in assets is dedicated to energy, with gas and oil representing about 16%-18% of the fund itself. Looking below at recent action at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have mostly been buying to open RSX puts, with the 10-day put/call volume ratio coming in at 2.79 and ranking in the 81st percentile of its annual range. Per the chart below, you can see the pop in puts earlier in January coincides with U.S. and Russian officials meeting in Geneva for diplomatic talks, talks that subsequently broke down and have led to the current predicament.

RSX COTW pc

I want to amend my previous statement and say that war = bad*, with the asterisk for American defense stocks such as Northrop Grumman Corporation (NYSE:NOC), Lockheed Martin Corporation (NYSE:LMT), and General Dynamics Corporation (NYSE:GD) that typically enjoy tailwinds as war clouds gather. Since satellite imagery showed a fresh build-up of Russian troops along the Ukraine border on Nov. 1, NOC, LMT, and GD boast respective three-month returns of 12%, 13.8%, and 9.9%. In the last 50 days, bought-to-open calls have outnumbered puts by a nearly two-to-one ratio for all three of the defense stocks. However, options traders are paying a pretty penny for these names now, per their implied volatilities (IV) that all sit in middling percentiles of their annual ranges.

The U.S. has already declared it will block it’s not-yet-operational Nord Stream 2 pipeline should Russia advance into Ukraine. Although the energy sector has been resurgent in the last nine months, per the chart below, put traders have been crowding the broader Energy Select Sector SPDR Fund (XLE) lately, despite its 22% year-to-date gain. Meanwhile, calls are popular among the specific United States Natural Gas Fund (UNG).

The reason why many pundits view potential U.S. sanctions against Russia as an ineffective negotiation tactic, is because Europe has become increasingly dependent on Russia for its natural gas. Should this dependence get squeezed, investors should be keen to see what steps up as a replacement, a decision that is sure to have a ripple-effect on the energy sector. Perhaps those UNG call buyers are reading the same tea leaves.

XLE COTW pc

UNG COTW pc

The x-factor in this entire geopolitical mess is China, which has brazenly strengthened its alliance with Russia in recent months. Project-Syndicate summarized China's triangulation gambit, noting "this new marriage is convenient in both economic and geostrategic terms. Russia has the natural gas that an energy-hungry, coal-dependent, polluted China needs. And China, with its surplus savings, ample foreign capital, and its Belt and Road Initiative, offers Russia added clout to buttress its thinly-veiled territorial ambitions."

If a diplomatic breakthrough is not on the horizon, it could mean more strain to U.S-Sino relations. There's no clear view of what will happen and its impact on China-listed stocks stateside, but using options limits your capital at risk compared to stock trading. With some of the information above, pairing two diametrically opposed directional plays provides a built-in "hedge" against macro headwinds while simultaneously creating multiple possible paths to profit. In short, investors should consider options if and when the geopolitical floor shift beneath them.

Published on Feb 24, 2022 at 7:43 AM

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Today's Stock Market News & Events: 2/24/2022

by Schaeffer's Digital Content Team

Today things gets busy again on the economic data front with initial and continuing jobless claims, details on fourth-quarter gross domestic income, gross domestic product (GDP) revision, and new home sales for January are due out.

The following public companies are slated to release corporate earnings today, February 24:

ACI Worldwide Inc. (NASDAQ:ACIW -- $32.66) develops, markets, installs, and supports a range of software products and solutions for facilitating electronic payments to banks, financial intermediaries, merchants, and billers worldwide. ACI Worldwide will report its Q4 earnings of 2021 before the open today.

Alibaba Group Holding Ltd. (NYSE:BABA -- $109.72) provides technology infrastructure and marketing reach to merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. Alibaba will report its Q4 earnings of 2021 before the open today.

American Woodmark Corp. (NASDAQ:AMWD -- $48.13) manufactures and distributes kitchen, bath, and home organization products for the remodelling and new home construction markets in the United States. American Woodmark will report its Q4 earnings of 2021 before the open today.

Autohome Inc. (NYSE:ATHM -- $26.71) operates as an online destination for automobile consumers in the People's Republic of China. Autohome will report its Q4 earnings of 2021 before the open today.

Bally's Corp. (NYSE:BALY -- $35.40) owns and operates gaming and racing facilities in the United States. Bally's will report its Q4 earnings of 2021 before the open today.

Berkeley Lights Inc. (NASDAQ:BLI -- $6.34) focuses on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products. Berkeley Lights will report its Q4 earnings of 2021 before the open today.

Cars.com Inc. (NYSE:CARS -- $14.15) operates as a digital marketplace, and provides solutions for the automotive industry. Cars.com will report its Q4 earnings of 2021 before the open today.

CBRE Group Inc. (NYSE:CBRE -- $96.05) operates as a commercial real estate services and investment company worldwide. CBRE Group will report its Q4 earnings of 2021 before the open today.

Cheniere Energy Inc. (NYSE:LNG -- $118.92) engages in the liquefied natural gas (LNG) related businesses in the United States. Cheniere Energy will report its Q4 earnings of 2021 before the open today.

Cheniere Energy Partners L.P. (NYSE:CQP -- $47.80) owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located in Cameron Parish, Louisiana on the Sabine-Neches Waterway. Cheniere Energy Partners will report its Q4 earnings of 2021 before the open today.

ChipMOS Technologies Inc. (NASDAQ:IMOS -- $34.14) researches, develops, manufactures, and sells high-integration and high-precision integrated circuits, and related assembly and testing services in Taiwan, Japan, Singapore, and internationally. ChipMOS Technologies will report its Q4 earnings of 2021 before the open today.

Compugen Ltd. (NASDAQ:CGEN -- $2.76) engages in the research, development, and commercialization of therapeutic and product candidates in Israel, the United States, and Europe. Compugen will report its Q4 earnings of 2021 before the open today.

DigitalOcean Holdings Inc. (NYSE:DOCN -- $46.92) operates a cloud computing platform in North America, Europe, Asia, and internationally. DigitalOcean will report its Q4 earnings of 2021 before the open today.

Discovery Inc. (NASDAQ:DISCA -- $28.21) provides content across various distribution platforms in approximately 50 languages worldwide. Discovery will report its Q4 earnings of 2021 before the open today.

Elanco Animal Health Inc. (NYSE:ELAN -- $25.75) innovates, develops, manufactures, and markets products for pets and farm animals. Elanco Animal Health will report its Q4 earnings of 2021 before the open today.

FTI Consulting Inc. (NYSE:FCN -- $137.31) provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. FTI Consulting will report its Q4 earnings of 2021 before the open today.

Harsco Corp. (NYSE:HSC -- $15.55) provides environmental solutions for industrial and specialty waste streams, and innovative equipment and technology for the rail sector worldwide. Harsco will report its Q4 earnings of 2021 before the open today.

Ionis Pharmaceuticals Inc. (NASDAQ:IONS -- $30.73) discovers and develops RNA-targeted therapeutics in the United States. Ionis Pharmaceuticals will report its Q4 earnings of 2021 before the open today.

Iron Mountain Inc. (NYSE:IRM -- $42.24) is the global leader for storage and information management services. Iron Mountain will report its Q4 earnings of 2021 before the open today.

Keurig Dr Pepper Inc. (NASDAQ:KDP -- $38.06) operates as a beverage company in the United States and internationally. Keurig Dr Pepper will report its Q4 earnings of 2021 before the open today.

Lantheus Holdings Inc. (NASDAQ:LNTH -- $28.86) develops, manufactures, and commercializes diagnostic and therapeutic agents and products that assist clinicians in the diagnosis and treatment of heart, cancer, and other diseases worldwide. Lantheus Holdings will report its Q4 earnings of 2021 before the open today.

Moderna Inc. (NASDAQ:MRNA -- $135.73) develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases. Moderna will report its Q4 earnings of 2021 before the open today.

NetEase Inc. (NASDAQ:NTES -- $91.56) provides online services focusing on gaming, communication, and commerce in the Peoples' Republic of China and internationally. NetEase will report its Q4 earnings of 2021 before the open today.

Nikola Corp. (NASDAQ:NKLA -- $6.83) operates as a technology innovator and integrator that works to develop energy and transportation solutions in the United States. Nikola will report its Q4 earnings of 2021 before the open today.

OGE Energy Corp. (NYSE:OGE -- $35.43) operates as an energy and energy services provider that offers physical delivery and related services for electricity and natural gas primarily in the south-central United States. OGE Energy will report its Q4 earnings of 2021 before the open today.

Papa John's International Inc. (NASDAQ:PZZA -- $106.54) operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. Papa John's will report its Q4 earnings of 2021 before the open today.

Planet Fitness Inc. (NYSE:PLNT -- $89.62) franchises and operates fitness centers under the Planet Fitness brand. Planet Fitness will report its Q4 earnings of 2021 before the open today.

Quanta Services Inc. (NYSE:PWR -- $98.32) provides specialty contracting services worldwide. Quanta Services will report its Q4 earnings of 2021 before the open today.

Royal Bank of Canada (NYSE:RY -- $109.91) operates as a diversified financial service company worldwide. Royal Bank of Canada will report its Q4 earnings of 2021 before the open today.

SeaWorld Entertainment Inc. (NYSE:SEAS -- $67.13) operates as a theme park and entertainment company in the United States. SeaWorld Entertainment will report its Q4 earnings of 2021 before the open today.

Six Flags Entertainment Corp. (NYSE:SIX -- $43.38) owns and operates regional theme and waterparks under the Six Flags name. Six Flags will report its Q4 earnings of 2021 before the open today.

Teleflex Inc. (NYSE:TFX -- $322.35) designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide. Teleflex will report its Q4 earnings of 2021 before the open today.

The Shyft Group Inc. (NASDAQ:SHYF -- $42.55) manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. The Shyft Group will report its Q4 earnings of 2021 before the open today.

United Therapeutics Corp. (NASDAQ:UTHR -- $193.11) engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally. United Therapeutics will report its Q4 earnings of 2021 before the open today.

Vericel Corp. (NASDAQ:VCEL -- $32.18) researches, develops, manufactures, and distributes cellular therapies for sports medicine and severe burn care markets in the United States. Vericel will report its Q4 earnings of 2021 before the open today.

Wayfair Inc. (NYSE:W -- $121.32) engages in the e-commerce business in the United States and internationally. Wayfair will report its Q4 earnings of 2021 before the open today.

WideOpenWest Inc. (NYSE:WOW -- $17.62) provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. WideOpenWest will report its Q4 earnings of 2021 before the open today.

AbCellera Biologics Inc. (NASDAQ:ABCL -- $8.26) develops antibody discovery platform. AbCellera Biologics will report its Q4 earnings of 2021 after the close today.

Alarm.com Holdings Inc. (NASDAQ:ALRM -- $65.98) provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. Alarm.com will report its Q4 earnings of 2021 after the close today.

American Well Corp. (NYSE:AMWL -- $3.87) operates as a telehealth company that enables digital delivery of care for healthcare. American Well will report its Q4 earnings of 2021 after the close today.

Autodesk Inc. (NASDAQ:ADSK -- $209.02) provides 3D design, engineering, and entertainment software and services worldwide. Autodesk will report its Q4 earnings of 2021 after the close today.

Axon Enterprise Inc. (NASDAQ:AXON -- $122.44) develops, manufactures, and sells conducted energy weapons (CEWs) under the TASER brand in the United States and internationally. Axon will report its Q4 earnings of 2021 after the close today.

Beyond Meat Inc. (NASDAQ:BYND -- $47.40) manufactures, markets, and sells plant-based meat products in the United States and internationally. Beyond Meat will report its Q4 earnings of 2021 after the close today.

Block Inc. (NYSE:SQ -- $88.72) creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. Block will report its Q4 earnings of 2021 after the close today.

Cable ONE Inc. (NYSE:CABO -- $1,396.44) provides data, video, and voice services in the United States. Cable ONE will report its Q4 earnings of 2021 after the close today.

CarGurus Inc. (NASDAQ:CARG -- $31.01) operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. CarGurus will report its Q4 earnings of 2021 after the close today.

Carvana Co. (NYSE:CVNA -- $113.65) operates an e-commerce platform for buying and selling used cars in the United States. Carvana will report its Q4 earnings of 2021 after the close today.

Codexis Inc. (NASDAQ:CDXS -- $17.30) discovers, develops, and sells biocatalysts. Codexis will report its Q4 earnings of 2021 after the close today.

Coinbase Global Inc. (NASDAQ:COIN -- $172.74) provides financial infrastructure and technology for the cryptoeconomy. Coinbase Global will report its Q4 earnings of 2021 after the close today.

Covetrus Inc. (NASDAQ:CVET -- $16.97) operates as an animal-health technology and services company. Covetrus will report its Q4 earnings of 2021 after the close today.

Cryoport Inc. (NASDAQ:CYRX -- $31.95) provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cryoport will report its Q4 earnings of 2021 after the close today.

CubeSmart (NYSE:CUBE -- $48.12) is a self-administered and self-managed real estate investment trust. CubeSmart will report its Q4 earnings of 2021 after the close today.

Dell Technologies Inc. (NYSE:DELL -- $56.78) designs, develops, manufactures, markets, sells, and supports Information technology solutions, products, and services worldwide. Dell will report its Q4 earnings of 2021 after the close today.

Edison International Inc. (NYSE:EIX -- $59.02) generates and distributes electric power. Edison will report its Q4 earnings of 2021 after the close today.

Etsy Inc. (NASDAQ:ETSY -- $116.51) operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Etsy will report its Q4 earnings of 2021 after the close today.

Everbridge Inc. (NASDAQ:EVBG -- $42.41) operates as a software company in the United States and internationally. Everbridge will report its Q4 earnings of 2021 after the close today.

Farfetch Ltd. (NYSE:FTCH -- $14.27) provides an online marketplace for luxury fashion goods in the United States, the United Kingdom, and internationally. Farfetch will report its Q4 earnings of 2021 after the close today.

Frontdoor Inc. (NASDAQ:FTDR -- $32.70) provides home service plans in the United States. Frontdoor will report its Q4 earnings of 2021 after the close today.

Huron Consulting Group Inc. (NASDAQ:HURN -- $46.09) provides consultancy services in the United States and internationally. Huron Consulting will report its Q4 earnings of 2021 after the close today.

ICF International Inc. (NASDAQ:ICFI -- $87.88) provides management, marketing, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. ICF International will report its Q4 earnings of 2021 after the close today.

Inogen Inc. (NASDAQ:INGN -- $28.10) develops, manufactures, and markets portable oxygen concentrators to patients, physicians and other clinicians, and third-party payors in the United States and internationally. Inogen will report its Q4 earnings of 2021 after the close today.

Invitae Corp. (NYSE:NVTA -- $8.58) integrates genetic information into healthcare decision-making by clinicians and patients in the United States, Canada, and internationally. Invitae will report its Q4 earnings of 2021 after the close today.

Life Storage Inc. (NYSE:LSI -- $126.01) is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Life Storage will report its Q4 earnings of 2021 after the close today.

Monster Beverage Corp. (NASDAQ:MNST -- $79.41) develops, markets, sells, and distributes energy drink beverages and concentrates in the United States and internationally. Monster Beverage will report its Q4 earnings of 2021 after the close today.

Natera Inc. (NASDAQ:NTRA -- $60.76) develops and commercializes molecular testing services worldwide. Natera will report its Q4 earnings of 2021 after the close today.

Opendoor Technologies Inc. (NASDAQ:OPEN -- $9.22) operates a digital platform for residential real estate in the United States. Opendoor Technologies will report its Q4 earnings of 2021 after the close today.

Pembina Pipeline Corp. (NYSE:PBA -- $32.85) provides transportation and midstream services for the energy industry. Pembina Pipeline will report its Q4 earnings of 2021 after the close today.

Ping Identity Holding Corp. (NYSE:PING -- $18.97) provides intelligent identity solutions for the enterprise in the United States and internationally. Ping Identity will report its Q4 earnings of 2021 after the close today.

Quaker Chemical Corp. (NYSE:KWR -- $196.07) develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications. Quaker Chemical will report its Q4 earnings of 2021 after the close today.

Rocket Companies Inc. (NYSE:RKT -- $11.08) engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. Rocket Companies will report its Q4 earnings of 2021 after the close today.

Ryman Hospitality Properties Inc. (NYSE:RHP -- $87.64) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Ryman Hospitality will report its Q4 earnings of 2021 after the close today.

Schrodinger Inc. (NASDAQ:SDGR -- $24.84) provides physics-based software platform that enables discovery of novel molecules for drug development and materials applications. Schrodinger will report its Q4 earnings of 2021 after the close today.

Silk Road Medical Inc. (NASDAQ:SILK -- $29.24) operates as a medical device company in the United States. Silk Road Medical will report its Q4 earnings of 2021 after the close today.

Southwestern Energy Co. (NYSE:SWN -- $4.61) engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. Southwestern Energy will report its Q4 earnings of 2021 after the close today.

Switch Inc. (NYSE:SWCH -- $23.95) provides colocation space and related services in the United States. Switch will report its Q4 earnings of 2021 after the close today.

TimkenSteel Corp. (NYSE:TMST -- $15.27) manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. TimkenSteel will report its Q4 earnings of 2021 after the close today.

Universal Health Services Inc. (NYSE:UHS -- $133.32) owns and operates acute care hospitals, and outpatient and behavioral health care facilities. Universal Health will report its Q4 earnings of 2021 after the close today.

Upland Software Inc. (NASDAQ:UPLD -- $15.90) provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. Upland Software will report its Q4 earnings of 2021 after the close today.

Vapotherm Inc. (NYSE:VAPO -- $12.69) focuses on the development and commercialization of proprietary high velocity therapy products used to treat patients of various ages suffering from respiratory distress in the United States and internationally. Vapotherm will report its Q4 earnings of 2021 after the close today.

Vicor Corp. (NASDAQ:VICR -- $89.41) designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. Vicor will report its Q4 earnings of 2021 after the close today.

VMware Inc. (NYSE:VMW -- $118.08) provides software in the areas of hybrid and multi-cloud, modern applications, networking, security, and digital workspaces in the United States and internationally. VMware will report its Q4 earnings of 2021 after the close today.

WillScot Mobile Mini Holdings Corp. (NASDAQ:VMW -- $35.90) provides modular space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. WillScot Mobile Mini will report its Q4 earnings of 2021 after the close today.

Y-mAbs Therapeutics Inc. (NASDAQ:YMAB -- $7.89) focuses on the development and commercialization of novel antibody based therapeutic products for the treatment of cancer in the United States. Y-mAbs Therapeutics will report its Q4 earnings of 2021 after the close today.

Zscaler Inc. (NASDAQ:ZS -- $239.40) operates as a cloud security company worldwide. Zscaler will report its Q4 earnings of 2021 after the close today.

Looking ahead to tomorrow, things will pick up even more on Friday. Investors can expect data on personal income, consumer spending, and the University of Michigan consumer sentiment report. There will also be more inflation data to dig through, including PCE updates, as well as monthly core inflation for January, and 5-year inflation expectations.

All economic dates listed here are tentative and subject to change.

Published on Feb 23, 2022 at 2:08 PM

Updated on Feb 23, 2022 at 2:09 PM

Quantitative Analysis

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Bull Signal Says Buy the Dip on Hilton Hotels Stock

by Fernanda Horner

Published on Feb 23, 2022 at 1:15 PM

Intraday Option Activity
Earnings Preview

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Options Bears Target Moderna Stock Ahead of Earnings Report

by Lillian Currens

Speaking of, bearish options traders are targeting the sinking stock in droves this afternoon. So far, 64,000 calls have crossed the tape, which is double the intraday average, compared to 36,000 calls.

Published on Feb 23, 2022 at 10:41 AM

Earnings Preview
Buzz Stocks

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This Cloud Security Stock May Be Reaching Dangerous Heights

by Schaeffer's Digital Content Team

Zscaler, Inc. (NASDAQ:ZS) is slated to release its second-quarter financial results after the market closes tomorrow, Feb. 24. Analysts currently anticipate that Zscaler’s earnings will come in at $0.11 per share in the upcoming earnings report. Ahead of the event ZS is up 1.3% at $258.21.

While ZS looks to have found footing at the $250 level, it's still feeling pressure from several moving averages including the 200-day, and a little further up the 120-day. The stock sports a year-to-date lead of 23.5%, but still suffers a 20.6% deficit for 2022.

zs chart feb 23

Analysts are optimistic ahead of the event. Of the 23 in coverage, 19 call ZS a "buy" or better. Meanwhile, the 12-month consensus price target of $374.06 is a 45.1% premium to current levels.

A look at the company's financials shows that the cloud security company has maintained strong revenues and currently has a solid balance sheet with $1.58 billion in cash and $978 million in total debt. Zscaler's revenues have increased 300% since fiscal 2018 and its trailing 12-month revenues are currently up 13% since releasing fiscal 2021 results. In addition, Zscaler is estimated to see a 78.84% increase in earnings and a 34.6% increase in revenues next year.

Nonetheless, the stock is incredibly overvalued by most fundamental metrics. ZS trades at an extremely rich price-sales ratio of 45.98 and has an inflated forward price-earnings ratio 500.00, already pricing-in multiple years of expansion. Although the cloud security company is producing consistent and meaningful growth, the valuation is unreasonably high, making it likely for Zscaler stock to experience a significant drop in price.