Today the Federal Reserve's latest Beige Book report is due out as is data concerning motor vehicle sales. 

The following public companies are slated to release quarterly earnings reports today, June 2:

Advance Auto Parts Inc. (NYSE:AAP -- $194.65) provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. Advance Auto Parts will report its Q1 earnings of 2021 before the bell today.

Donaldson Co. Inc. (NYSE:DCI -- $62.43) manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. Donaldson will report its Q3 earnings of 2021 before the bell today.

C3.ai Inc. (NYSE:AI -- $71.76) operates as an enterprise artificial intelligence (AI) software company. C3.ai will report its Q4 earnings of 2021 after the market closes today.

The Descartes Systems Group Inc. (NASDAQ:DSGX -- $58.15) provides cloud-based logistics and supply chain management business process solutions. Descartes will report its Q1 earnings of 2022 after the market closes today.

Guidewire Software Inc. (NYSE:GWRE -- $97.40) provides software products for property and casualty insurers. Guidewire Software will report its Q3 earnings of 2021 after the market closes today.

nCino Inc. (NASDAQ:NCNO -- $61.60) provides cloud-based software applications for financial institutions. nCino will report its Q1 earnings of 2022 after the market closes today.

NetApp Inc. (NASDAQ:NTAP -- $76.71) provides software, systems, and services to manage and share data on-premises, and private and public clouds. NetApp will report its Q4 earnings of 2021 after the market closes today.

PagSeguro Digital Inc. (NYSE:PAGS -- $48.66) provides financial technology solutions and services. PagSeguro Digital will report its Q1 earnings of 2021 after the market closes today.

PVH Corp. (NYSE:PVH -- $114.11) operates as an apparel company. PVH will report its Q1 earnings of 2021 after the market closes today.

Semtech Corp. (NASDAQ:SMTC -- $62.95) designs, develops, manufactures, and markets analog and mixed-signal semiconductor products and advanced algorithms. Semtech will report its Q1 earnings of 2021 after the market closes today.

Smartsheet Inc. (NYSE:SMAR -- $58.89) provides cloud-based platform for execution of work. Smartsheet will report its Q1 earnings of 2022 after the market closes today.

SpartanNash Co. (NASDAQ:SPTN -- $20.52) distributes and retails grocery products. SpartanNash will report its Q1 earnings of 2021 after the market closes today.

Splunk Inc. (NASDAQ:SPLK -- $120.28) provides software and cloud solutions that deliver and operationalize insights from the data generated by digital systems. Splunk will report its Q1 earnings of 2021 after the market closes today.

Sportsman's Warehouse Holdings Inc. (NASDAQ:SPWH -- $17.90) provides various banking products and services. Sportsman's Warehouse will report its Q1 earnings of 2021 after the market closes today.

The following companies reported quarterly earnings yesterday, June 1:

Bank of Nova Scotia (NYSE:BNS -- $67.30) provides various banking products and services. Bank of Nova Scotia reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.58. The firm earned $7.74 billion during the quarter, compared to the consensus estimate of $7.86 billion.

Canopy Growth Corp. (NASDAQ:CGC -- $26.09) engages in the production, distribution, and sale of cannabis for recreational and medical purposes. Canopy Growth reported ($1.85) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $1.67. The company earned $167.40 million during the quarter, compared to the consensus estimate of $149.97 million.

Ambarella Inc. (NASDAQ:AMBA -- $100.38) develops semiconductor solutions for video that enable high-definition (HD) and ultra HD compression, image processing, and deep neural network processing. Ambarella reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $62.10 million for the quarter, compared to analyst estimates of $57.67 million.

Digital Turbine Inc. (NASDAQ:APPS -- $100.38) provides media and mobile communication products and solutions for mobile operators, application advertisers, device original equipment manufacturers, and other third parties. Digital Turbine reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The business had revenue of $95.08 million for the quarter, compared to analyst estimates of $95.10 million.

Hewlett Packard Enterprise Co. (NYSE:HPE -- $15.96) provides solutions that allow customers to capture, analyze, and act upon data seamlessly. Hewlett Packard Enterprise reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The company earned $6.70 billion during the quarter, compared to analysts' expectations of $6.61 billion.

Medallia Inc. (NYSE:MDLA -- $25.67) provides an enterprise Software-as-a-Service platform. Medallia reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $131.40 million for the quarter, compared to analyst estimates of $127.29 million.

StoneCo Ltd. (NASDAQ:STNE -- $65.97) provides financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. StoneCo reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.44. The business had revenue of $867.70 million for the quarter, compared to analysts' expectations of $985 million.

Zoom Video Communications Inc. (NASDAQ:ZM -- $331.53) provides a video-first communications platform. Zoom Video reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.70. The firm had revenue of $956.24 million for the quarter, compared to analysts' expectations of $908.17 million.

Moderna Inc (NASDAQ:MRNA) is making headlines yet again today, this time after the biotech name said it has applied for full approval for its Covid-19 vaccine, mRNA, from the U.S. Food and Drug Administration (FDA). This would give the company the ability to market its vaccine, which is currently only authorized for emergency use, directly to consumers. The approval process will likely take several months, which could be weighing on investor enthusiasm, as the stock was last seen 0.8% lower to trade at $183.62. 

When we last checked in with MRNA, the equity was attempting to topple the $189 level, which is home to its Feb. 8 record peak, as well as another run up in early May. It looks like the stock stopped just short of this level, however, after stringing together five-straight daily wins. The equity is now up 196.2% year-over-year. 

Despite this recent performance, sentiment surrounding MRNA has remained split. Of the 14 analysts in coverage, six say "strong buy," six say "hold," and two call the stock a "sell" or worse. Plus, the 12-month consensus price target of $178.33 is a slight 2.8% discount to current levels. 

Option traders have been a bit more bullish. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), MRNA sports a 10-day call/put volume ratio of 2.27, which stands higher than 75% of readings from the past year, suggesting these traders have been coming around to long calls of late.