Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Feb 25, 2021 at 9:39 AM
Updated on Feb 25, 2021 at 3:40 PM
  • Analyst Update

The shares of Best Buy Co Inc (NYSE:BBY) are down 8.5% to trade at $103.83 this morning after the company's fourth-quarter revenue and same-store sales fell short of analysts' expectations. The tech store giant's earnings of $3.48 did beat Wall Street's forecasts by 3 cents, however, but the equity is suffering as the pandemic-fueled electronics demand begins to cool off.

During last March's broader market pullback, BBY dipped as low as $48.11 -- its lowest level in a year at that point. The security mounted a monumental comeback, however, which culminated in a new all-time high of $124.89 on Nov. 5 as stay-at-home orders pushed consumers toward more lockdown-friendly entertainment outlets. While the shares have yet to rally back toward this peak, the stock is up 38.6% year-over-year.

The brokerage bunch is optimistic toward the equity, too. In fact, 10 of the 16 covering BBY carry a "strong buy" rating, with the remaining six at a "hold." Meanwhile, the 12-month consensus price target of $122.98 is a large 18.3% premium to last night's close. 

For those wanting to weigh in on BBY's next move, options may be the way to go. The stock's Schaeffer's Volatility Index (SVI) of 47% sits higher than just 19% of readings in its annual range, suggesting short-term option traders are pricing in relatively low volatility expectations -- a boon for premium buyers.

Published on Feb 25, 2021 at 2:53 PM
  • Earnings Preview
So far today, put volume is running at double what's typically seen at this point, with 5,562 puts and 3,846 calls across the tape so far. The March 15 put is the most popular, followed by the September 30 call, with new positions being opened at the latter. 
Published on Feb 25, 2021 at 12:33 PM
  • The Week Ahead

As earnings season begins to wind down, there will be plenty of economic data for investor's to sift through. Employment data will likely be the highlight the week, with plenty of manufacturing data on tap as well. Retail will be the main focus of earnings, and the list of upcoming earnings reports includes American Eagle (AEO), AMC Entertainment (AMC), Autozone (AZO), BJ's Wholesale (BJ), Costco (COST), JD.com (JD), NIO (NIO) Novavax (NVAX), 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.

Monday, Mar. 1, will bring the Markit manufacturing Purchasing Manager's Index (PMI) and the ISM manufacturing index. 

Tuesday, Mar. 2, will be fairly slow, with motor vehicle sales slated for release.

Wednesday, Mar. 3, the ADP employment report, the Markit services PMI, the Markit composite PMI, and the ISM non-manufacturing PMI are on tap.

Thursday, Mar. 4, initial and continuing jobless claims are due out, along with unit labor costs, nonfarm productivity data, and factory orders. 

To end the week, Friday, Mar. 5 will feature nonfarm payrolls, unemployment rate data, and trade deficit data. 

Published on Feb 25, 2021 at 10:53 AM
  • Intraday Option Activity
  • Buzz Stocks
 
Published on Feb 25, 2021 at 10:37 AM
  • Buzz Stocks
Drilling down to today's options activity, 34,000 calls have crossed the tape so far, which is three times the intraday average, and more than double the 12,000 puts traded. Most popular is the monthly June 32.50 call, followed by the weekly 3/5 31-strike call, with new positions being opened at the latter.
Published on Feb 25, 2021 at 9:37 AM
  • Buzz Stocks

The shares of NVIDIA Corporation (NASDAQ:NVDA) are taking a step back this morning, down 3.4% at $560.22, following its fourth-quarter earnings report. The company did post revenue and earnings per share that topped analysts' estimates, but what appears to be sinking the stock this morning is the company's struggles to keep its flagship gaming chips in stock amid a global chip crunch.

Analysts appear undeterred this morning. No less than 14 have already lifted their price targets, the highest coming from Needham to $800 from $700. J.P. Morgan Securities, which lifted its price target to $660, predicted that the supply/demand issues the company is facing will normalize by the second half of the year. 

Sentiment surrounding the equity was already optimistic coming into today. Of the 21 in coverage, 17 considered NVDA a "buy" or better. Meanwhile, the 12-month consensus price target of $614.93 stood at a 9.8% premium to last night's close. 

Option players have taken a similarly bullish stance. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), NVDA sports a 10-day call/put volume ratio of 2.29, which stands higher than 89% of readings from the past 12 months. This implies these traders have been picking up calls at a much quicker clip than usual. 

This generally sunny outlook doesn't come as much of a surprise. NVDA has seen a decent run on the charts since last year's late-March lows, notching a one-year return of roughly 121%. Since hitting an all-time high of $614.900 early last week, however, the security has been cooling, though long-term support at the equity's 120- and 1400-day moving average could help capture some of this pullback. 

Published on Feb 25, 2021 at 9:30 AM
  • Earnings Preview
 
Published on Feb 25, 2021 at 8:45 AM
  • Buzz Stocks

What Makes RVLV an Intriguing Post-Earnings Pick

by Schaeffer's Digital Content Team
 
Published on Feb 25, 2021 at 7:22 AM
  • Buzz Stocks

Today's Stock Market News & Events: 2/25/2021

by Schaeffer's Digital Content Team

Initial and continuing jobless claims are due out today, along with durable goods orders, gross domestic product (GDP), and pending home sales. The earnings schedule is packed to the brim today, too.

The following companies are slated to release quarterly earnings reports today, February 25:

AAON Inc. (NYSE:AAON -- $77.88) engages in engineering, manufacturing, marketing, and selling air conditioning and heating equipment. AAON will report its Q4 earnings of 2020 before the bell today.

ACI Worldwide Inc. (NASDAQ:ACIW -- $41.43) develops, markets, installs, and supports a range of software products and solutions. ACI Worldwide will report its Q4 earnings of 2020 before the bell today.

Acushnet Holdings Corp. (NYSE:GOLF -- $43.99) designs, develops, manufactures, and distributes golf products. Acushnet will report its Q4 earnings of 2020 before the bell today.

The AES Corp. (NYSE:AES -- $28.00) operates as a diversified power generation and utility company. AES will report its Q4 earnings of 2020 before the bell today.

Agios Pharmaceuticals Inc. (NASDAQ:AGIO -- $52.89) is a biopharmaceutical company. Agios Pharmaceuticals will report its Q4 earnings of 2020 before the bell today.

Amarin Corp. plc. (NASDAQ:AMRN -- $7.30) is a pharmaceutical company. Amarin will report its Q4 earnings of 2020 before the bell today.

American Electric Power Co. Inc. (NASDAQ:AEP -- $77.10) is an electric public utility holding company. American Electric will report its Q4 earnings of 2020 before the bell today.

American Tower Corp. (NYSE:AMT -- $224.78) is a real estate investment trust. American Tower will report its Q4 earnings of 2020 before the bell today.

American Woodmark Corp. (NASDAQ:AMWD -- $100.88) manufactures and distributes kitchen, bath, and home organization products for the remodeling and new home construction markets. American Woodmark will report its Q4 earnings of 2020 before the bell today.

Anaplan Inc. (NYSE:PLAN -- $79.45) provides a cloud-based connected planning platform to connect organizations and people. Anaplan will report its Q4 earnings of 2020 before the bell today.

Anheuser-Busch InBev S.A./N.V. (NYSE:BUD -- $65.25) is a brewing company. Anheuser-Busch will report its Q4 earnings of 2020 before the bell today.

Best Buy Co Inc. (NYSE:BBY -- $113.46) retails technology products. Best Buy will report its Q4 earnings of 2020 before the bell today.

California Water Service Group (NYSE:CWT -- $55.84) provides water utility and other related services. California Water will report its Q4 earnings of 2020 before the bell today.

Camping World Holdings Inc. (NYSE:CWH -- $37.17) operates as an outdoor and camping retailer. Camping World will report its Q4 earnings of 2020 before the bell today.

Cars.com LLC (NYSE:CARS -- $14.30) operates as a digital marketplace, and provides solutions for the automotive industry. Cars.com will report its Q4 earnings of 2020 before the bell today.

CenterPoint Energy Inc. (NYSE:CNP -- $20.81) operates as a public utility holding company. CenterPoint will report its Q4 earnings of 2020 before the bell today.

Canadian Imperial Bank of Commerce (NYSE:CM -- $94.30) is a diversified financial institution. Canadian Imperial Bank of Commerce will report its Q4 earnings of 2020 before the bell today.

Clarivate plc. (NYSE:CLVT -- $28.09) is an information services and analytics company. Clarivate will report its Q4 earnings of 2020 before the bell today.

Cleveland-Cliffs Inc. (NYSE:CLF -- $16.90) operates as an independent iron ore mining company. Cleveland-Cliffs will report its Q4 earnings of 2020 before the bell today.

Cogent Communications Holdings Inc. (NASDAQ:CCOI -- $62.19) provides high-speed Internet access, private network, and data center colocation space services. Cogent Communications will report its Q4 earnings of 2020 before the bell today.

Compugen Ltd. (NASDAQ:CGEN -- $10.36) is a clinical-stage therapeutic discovery and development company. Compugen will report its Q4 earnings of 2020 before the bell today.

Constellium S.E. (NYSE:CSTM -- $14.24) engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. Constellium will report its Q4 earnings of 2020 before the bell today.

Domino's Pizza Inc. (NYSE:DPZ -- $364.59) operates as a pizza delivery company. Domino's Pizza will report its Q4 earnings of 2020 before the bell today.

Donaldson Co. Inc. (NYSE:DCI -- $61.97) manufactures and sells filtration systems and replacement parts. Donaldson will report its Q4 earnings of 2020 before the bell today.

Editas Medicine Inc. (NASDAQ:EDIT -- $49.70) operates as a clinical stage genome editing company. Editas Medicine will report its Q4 earnings of 2020 before the bell today.

EMCOR Group Inc. (NYSE:EME -- $98.72) provides electrical and mechanical construction, and facilities services. EMCOR Group will report its Q4 earnings of 2020 before the bell today.

EVO Payments Inc. (NASDAQ:EVOP -- $26.63) operates as an integrated merchant acquirer and payment processor. EVO Payments will report its Q4 earnings of 2020 before the bell today.

ExlService Holdings Inc. (NASDAQ:EXLS -- $81.33) provides operations management and analytics services. ExlService will report its Q4 earnings of 2020 before the bell today.

Federal Signal Corp. (NYSE:FSS -- $38.11) designs, manufactures, and supplies a suite of products and integrated solutions. Federal Signal will report its Q4 earnings of 2020 before the bell today.

FLIR Systems Inc. (NASDAQ:FLIR -- $54.71) designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions. FLIR Systems will report its Q4 earnings of 2020 before the bell today.

FTI Consulting Inc. (NYSE:FCN -- $109.95) provides business advisory services to manage change, mitigate risk, and resolve disputes. FTI Consulting will report its Q4 earnings of 2020 before the bell today.

Gibraltar Industries Inc. (NASDAQ:ROCK -- $97.72) manufactures and distributes building products for the renewable energy, conservation, residential, industrial, and infrastructure markets. Gibraltar Industries will report its Q4 earnings of 2020 before the bell today.

Gildan Activewear Inc. (NYSE:GIL -- $27.24) manufactures and sells various apparel products. Gildan Activewear will report its Q4 earnings of 2020 before the bell today.

Gray Television Inc. (NYSE:GTN -- $19.89) a television broadcast company. Gray Television will report its Q4 earnings of 2020 before the bell today.

Harsco Corp. (NYSE:HSC -- $21.59) provides environmental solutions for industrial and specialty waste streams, and innovative equipment and technology for the rail sector Harsco will report its Q4 earnings of 2020 before the bell today.

Insmed Inc. (NASDAQ:INSM -- $40.03) is a biopharmaceutical company. Insmed will report its Q4 earnings of 2020 before the bell today.

Intellia Therapeutics Inc. (NASDAQ:NTLA -- $63.72) is a genome editing company. Intellia Therapeutics will report its Q4 earnings of 2020 before the bell today.

Intercept Pharmaceuticals Inc. (NASDAQ:ICPT -- $28.60) is a biopharmaceutical compan. Intercept Pharmaceuticals will report its Q4 earnings of 2020 before the bell today.

The J.M. Smucker Co. (NYSE:SJM -- $113.22) manufactures and markets food and beverage products. J.M. Smucker will report its Q4 earnings of 2020 before the bell today.

Keurig Dr Pepper Inc. (NASDAQ:KDP -- $31.46) operates as a beverage company. Keurig Dr Pepper will report its Q4 earnings of 2020 before the bell today.

Kirkland Lake Gold Ltd. (NYSE:KL -- $35.71) engages in the acquisition, exploration, development, and operation of gold properties. Kirkland Lake Gold will report its Q4 earnings of 2020 before the bell today.

Laureate Education Inc. (NASDAQ:LAUR -- $14.82) provides higher education programs and services to students through a network of universities and higher education institutions. Laureate Education will report its Q4 earnings of 2020 before the bell today.

LendingTree Inc. (NASDAQ:TREE -- $330.09) operates online consumer platform. LendingTree will report its Q4 earnings of 2020 before the bell today.

Li Auto Inc. (NASDAQ:LI -- $28.68) designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China. Li Auto will report its Q4 earnings of 2020 before the bell today.

Melco Resorts & Entertainment Ltd. (NASDAQ:MLCO -- $20.75) is a developer, owner and operator of integrated resort facilities. Melco Resorts & Entertainment will report its Q4 earnings of 2020 before the bell today.

MGP Ingredients Inc. (NASDAQ:MGPI -- $69.47) produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. MGP Ingredients will report its Q4 earnings of 2020 before the bell today.

Moderna Inc. (NASDAQ:MRNA -- $144.79) a clinical stage biotechnology company. Moderna will report its Q4 earnings of 2020 before the bell today.

Netease Inc. (NASDAQ:NTES -- $117.50) is an Internet technology company. Netease will report its Q4 earnings of 2020 before the bell today.

Nielsen Holdings plc. (NYSE:NLSN -- $24.32) operates as a measurement and data analytics company. Nielsen will report its Q4 earnings of 2020 before the bell today.

Nomad Foods Ltd. (NYSE:NOMD -- $25.07) produces, markets, and distributes frozen foods. Nomad Foods will report its Q4 earnings of 2020 before the bell today.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH -- $31.27) operates as a cruise company. Norwegian Cruise Line will report its Q4 earnings of 2020 before the bell today.

NovoCure Ltd. (NASDAQ:NVCR -- $173.13) is an oncology company. NovoCure will report its Q4 earnings of 2020 before the bell today.

OGE Energy Corp. (NYSE:OGE -- $31.16) operates as an energy and energy services provider. OGE Energy will report its Q4 earnings of 2020 before the bell today.

Pacira BioSciences Inc. (NASDAQ:PCRX -- $78.82) provides non-opioid pain management and regenerative health solutions. Pacira BioSciences will report its Q4 earnings of 2020 before the bell today.

Papa John's International Inc. (NASDAQ:PZZA -- $102.64) operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark. Papa John's will report its Q4 earnings of 2020 before the bell today.

Perficient Inc. (NASDAQ:PRFT -- $58.40) provides digital consultancy services and solutions. Perficient will report its Q4 earnings of 2020 before the bell today.

Physicians Realty Trust (NYSE:DOC -- $17.62) is a self-managed healthcare real estate company. Physicians Realty Trust will report its Q4 earnings of 2020 before the bell today.

Plug Power Inc. (NASDAQ:PLUG -- $50.16) provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets. Plug Power will report its Q4 earnings of 2020 before the bell today.

PROG Holdings Inc. (NYSE:PRG -- $49.59) operates as an omnichannel provider of lease-purchase solutions to underserved and credit-challenged customers. PROG Holdings will report its Q4 earnings of 2020 before the bell today.

Quanta Services Inc. (NYSE:PWR -- $81.13) provides specialty contracting services. Quanta Services will report its Q4 earnings of 2020 before the bell today.

Resideo Technologies Inc. (NYSE:REZI -- $28.97) provides critical comfort, thermal, and security solutions primarily in residential environments. Resideo will report its Q4 earnings of 2020 before the bell today.

Sanderson Farms Inc. (NASDAQ:SAFM -- $152.17) is an integrated poultry processing company. Sanderson Farms will report its Q4 earnings of 2020 before the bell today.

Sapiens International Corp. N.V. (NASDAQ:SPNS -- $32.72) provides software solutions for the insurance and financial services. Sapiens International will report its Q4 earnings of 2020 before the bell today.

SeaWorld Entertainment Inc. (NYSE:SEAS -- $41.35) operates as a theme park and entertainment company. SeaWorld Entertainment will report its Q4 earnings of 2020 before the bell today.

Sempra Energy (NYSE:SRE -- $122.57) operates as an energy-services holding company. Sempra Energy will report its Q4 earnings of 2020 before the bell today.

SolarWinds Corp. (NYSE:SWI -- $15.72) provides information technology (IT) infrastructure management software products. SolarWinds will report its Q4 earnings of 2020 before the bell today.

Starwood Property Trust Inc. (NYSE:STWD -- $23.22) operates as a real estate investment trust. Starwood Property Trust will report its Q4 earnings of 2020 before the bell today.

Stericycle Inc. (NASDAQ:SRCL -- $68.72) provides regulated and compliance solutions to the healthcare, retail, and commercial businesses. Stericycle will report its Q4 earnings of 2020 before the bell today.

Steven Madden Ltd. (NASDAQ:SHOO -- $38.03) designs, sources, markets, and sells fashion-forward name brand and private label footwear. Steven Madden will report its Q4 earnings of 2020 before the bell today.

Teekay LNG Partners L.P. (NYSE:TGP -- $13.75) provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG). Teekay LNG Partners will report its Q4 earnings of 2020 before the bell today.

Teekay Tankers Ltd. (NYSE:TNK -- $13.34) provides marine transportation services to oil industries. Teekay Tankers will report its Q4 earnings of 2020 before the bell today.

Teleflex Inc. (NYSE:TFX -- $400.39) designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex will report its Q4 earnings of 2020 before the bell today.

Tennant Co. (NYSE:TNC -- $79.11) designs, manufactures, and markets floor cleaning equipment. Tennant will report its Q4 earnings of 2020 before the bell today.

Terminix Global Holdings Inc. (NYSE:TMX -- $48.01) provides residential and commercial termite and pest control, restoration, and cleaning services. Terminix will report its Q4 earnings of 2020 before the bell today.

The Toronto-Dominion Bank (NYSE:TD -- $63.61) provides various personal and commercial banking products and services. Toronto-Dominion Bank will report its Q4 earnings of 2020 before the bell today.

TriMas Corp. (NASDAQ:TRS -- $35.74) manufactures and provides products for consumer products, aerospace, and industrial end markets. TriMas will report its Q4 earnings of 2020 before the bell today.

U.S. Physical Therapy Inc. (NYSE:USPH -- $141.60) operates outpatient physical therapy clinics. U.S. Physical Therapy will report its Q4 earnings of 2020 before the bell today.

Vipshop Holdings Ltd. (NYSE:VIPS -- $36.16) operates as an online discount retailer for various brands. Vipshop will report its Q4 earnings of 2020 before the bell today.

Wayfair Inc. (NYSE:W -- $258.13) engages in the e-commerce business. Wayfair will report its Q4 earnings of 2020 before the bell today.

Welbilt Inc. (NYSE:WBT -- $16.08) designs, manufactures, and supplies foodservice equipment for commercial foodservice market. Welbilt will report its Q4 earnings of 2020 before the bell today.

Wolverine Inc. (NYSE:WWW -- $36.59) designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. Wolverine will report its Q4 earnings of 2020 before the bell today.

1Life Healthcare Inc. (NASDAQ:ONEM -- $51.91) operates a membership-based primary care platform. 1Life Healthcare will report its Q4 earnings of 2020 after the market closes today.

Acadia Healthcare Co. Inc. (NASDAQ:ACHC -- $54.44) develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities. Acadia Healthcare will report its Q4 earnings of 2020 after the market closes today.

Acceleron Pharma Inc. (NASDAQ:XLRN -- $136.78) is a biopharmaceutical company. Acceleron Pharma will report its Q4 earnings of 2020 after the market closes today.

Addus HomeCare Corp. (NASDAQ:ADUS -- $121.31) provides personal care services to elderly, chronically ill, disabled persons, and individuals. Addus HomeCare will report its Q4 earnings of 2020 after the market closes today.

ADT Inc. (NYSE:ADT -- $10.25) provides security and automation solutions for homes and businesses. ADT will report its Q4 earnings of 2020 after the market closes today.

Air Transport Services Group Inc. (NASDAQ:ATSG -- $28.79) operates in the airfreight and logistics industry. Air Transport Services Group will report its Q4 earnings of 2020 after the market closes today.

Airbnb Inc. (NASDAQ:ABNB -- $200.20) operates a platform for stays and experiences to guests. Airbnb will report its Q4 earnings of 2020 after the market closes today.

Alarm.com Holdings Inc. (NASDAQ:ALRM -- $92.87) provides cloud-based software platform solutions for smart residential and commercial properties. Alarm.com will report its Q4 earnings of 2020 after the market closes today.

Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX -- $16.20) provides information technology solutions and services to healthcare organizations. Allscripts Healthcare will report its Q4 earnings of 2020 after the market closes today.

Altair Engineering Inc. (NASDAQ:ALTR -- $61.17) provides software and cloud solutions. Altair Engineering will report its Q4 earnings of 2020 after the market closes today.

American Homes 4 Rent (NYSE:AMH -- $31.70) is a real estate investment trust. American Homes 4 Rent will report its Q4 earnings of 2020 after the market closes today.

Assured Guaranty Ltd. (NYSE:AGO -- $44.01) provides credit protection products to public finance, infrastructure, and structured finance markets. Assured Guaranty will report its Q4 earnings of 2020 after the market closes today.

Autodesk Inc. (NASDAQ:ADSK -- $298.91) operates as a software design and services company. Autodesk will report its Q4 earnings of 2020 after the market closes today.

Axon Enterprise Inc. (NASDAQ:AXON -- $161.45) develops, manufactures, and sells conducted energy weapons (CEWs). Axon will report its Q4 earnings of 2020 after the market closes today.

Axonics Modulation Technologies Inc. (NASDAQ:AXNX -- $52.87) is a medical technology company. Axonics Modulation will report its Q4 earnings of 2020 after the market closes today.

Bandwidth Inc. (NASDAQ:BAND -- $170.44) operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider. Bandwidth will report its Q4 earnings of 2020 after the market closes today.

Beyond Meat Inc. (NASDAQ:BYND -- $152.05) is a food company. Beyond Meat will report its Q4 earnings of 2020 after the market closes today.

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN -- $83.32) is a biotechnology company. BioMarin Pharmaceutical will report its Q4 earnings of 2020 after the market closes today.

Cable ONE Inc. (NYSE:CABO -- $2,010.90) provides data, video, and voice services. Cable ONE will report its Q4 earnings of 2020 after the market closes today.

Caesars Entertainment Inc. (NASDAQ:CZR -- $89.81) operates as a casino-entertainment company. Caesars Entertainment will report its Q4 earnings of 2020 after the market closes today.

Carvana Co. (NYSE:CVNA -- $284.94) operates an e-commerce platform for buying and selling used cars. Carvana will report its Q4 earnings of 2020 after the market closes today.

Collegium Pharmaceutical Inc. (NASDAQ:COLL -- $26.10) is a specialty pharmaceutical company. Collegium Pharmaceutical will report its Q4 earnings of 2020 after the market closes today.

Comfort Systems USA Inc. (NYSE:FIX -- $63.87) provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services. Comfort Systems will report its Q4 earnings of 2020 after the market closes today.

CubeSmart (NYSE:CUBE -- $38.04) is a self-administered and self-managed real estate investment trust. CubeSmart will report its Q4 earnings of 2020 after the market closes today.

Cushman & Wakefield plc. (NYSE:CWK -- $17.15) provides commercial real estate services under the Cushman & Wakefield brand. Cushman & Wakefield will report its Q4 earnings of 2020 after the market closes today.

Dell Technologies Inc. (NYSE:DELL -- $81.69) designs, develops, manufactures, markets, sells, and support IT hardware, software, and services solutions. Dell will report its Q4 earnings of 2020 after the market closes today.

DoorDash Inc. (NYSE:DASH -- $176.32) operates a logistics platform that connects merchants, consumers, and dashers. DoorDash will report its Q4 earnings of 2020 after the market closes today.

Dril-Quip Inc. (NYSE:DRQ -- $36.85) designs, manufactures, sells, and services onshore and offshore drilling and production equipment. Dril-Quip will report its Q4 earnings of 2020 after the market closes today.

Edison International (NYSE:EIX -- $56.47) engages in the generation, transmission, and distribution of electricity. Edison will report its Q4 earnings of 2020 after the market closes today.

Endo International plc. (NASDAQ:ENDP -- $9.87) manufactures and sells generic and branded pharmaceuticals. Endo International will report its Q4 earnings of 2020 after the market closes today.

Envestnet Inc. (NYSE:ENV -- $83.91) provides intelligent systems for wealth management and financial wellness. Envestnet will report its Q4 earnings of 2020 after the market closes today.

EOG Resources Inc. (NYSE:EOG -- $72.37) explores for, develops, produces, and markets crude oil, and natural gas and natural gas liquids. EOG Resources will report its Q4 earnings of 2020 after the market closes today.

Etsy Inc. (NASDAQ:ETSY -- $209.10) i operates online market places for buyers and sellers. Etsy will report its Q4 earnings of 2020 after the market closes today.

Extended Stay America Inc. (NASDAQ:STAY -- $16.33) owns, operates, develops, and manages hotels. Extended Stay America will report its Q4 earnings of 2020 after the market closes today.

Farfetch Ltd. (NYSE:FTCH -- $66.57) provides an online marketplace for luxury goods. Farfetch will report its Q4 earnings of 2020 after the market closes today.

First Solar Inc. (NASDAQ:FSLR -- $88.03) provides photovoltaic (PV) solar energy solutions. First Solar will report its Q4 earnings of 2020 after the market closes today.

Floor & Decor Holdings Inc. (NYSE:FND -- $97.33) operates as a multi-channel specialty retailer of hard surface flooring and related accessories. Floor & Decor will report its Q4 earnings of 2020 after the market closes today.

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI -- $26.94) owns and acquires infrastructure and related equipment for the transportation of goods and people. Fortress Transportation and Infrastructure will report its Q4 earnings of 2020 after the market closes today.

Fox Factory Holding Corp. (NASDAQ:FOXF -- $141.75) designs, engineers, manufactures, and markets ride dynamics products. Fox Factory Holding will report its Q4 earnings of 2020 after the market closes today.

Glaukos Corp. (NYSE:GKOS -- $96.43) is an ophthalmic medical technology and pharmaceutical company. Glaukos will report its Q4 earnings of 2020 after the market closes today.

Groupon Inc. (NASDAQ:GRPN -- $38.55) operates online local commerce marketplaces. Groupon will report its Q4 earnings of 2020 after the market closes today.

Health Catalyst Inc. (NASDAQ:HCAT -- $48.19) provides data and analytics technology and services to healthcare organizations. Health Catalyst will report its Q4 earnings of 2020 after the market closes today.

The Howard Hughes Corp. (NYSE:HHC -- $99.00) owns, manages, and develops commercial, residential, and hospitality operating properties. Howard Hughes will report its Q4 earnings of 2020 after the market closes today.

HP Inc. (NYSE:HPQ -- $27.97) provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. HP will report its Q4 earnings of 2020 after the market closes today.

ICF International Inc. (NASDAQ:ICFI -- $86.07) provides management, marketing, technology, and policy consulting and implementation services. ICF International will report its Q4 earnings of 2020 after the market closes today.

ICU Medical Inc. (NASDAQ:ICUI -- $219.54) develops, manufactures, and sells medical devices used in vascular therapy and critical care applications. ICU Medical will report its Q4 earnings of 2020 after the market closes today.

Iovance Biotherapeutics Inc. (NASDAQ:IOVA -- $39.42) is a clinical-stage biotechnology company. Iovance Biotherapeutics will report its Q4 earnings of 2020 after the market closes today.

iRhythm Technologies Inc. (NASDAQ:IRTC -- $153.00) is a digital healthcare company. iRhythm will report its Q4 earnings of 2020 after the market closes today.

Kaman Corp. (NYSE:KAMN -- $57.90) operates in the aerospace, medical, and industrial markets. Kaman will report its Q4 earnings of 2020 after the market closes today.

Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS -- $30.06) provides mission critical products, solutions, and services. Kratos Defense & Security will report its Q4 earnings of 2020 after the market closes today.

Lantheus Holdings Inc. (NASDAQ:LNTH -- $19.66) develops, manufactures, and commercializes diagnostic medical imaging agents and products. Lantheus Holdings will report its Q4 earnings of 2020 after the market closes today.

Lemaitre Vascular Inc. (NASDAQ:LMAT -- $47.67) designs, markets, sells, services, and supports medical devices and implants for the treatment of peripheral vascular disease. Lemaitre Vascular will report its Q4 earnings of 2020 after the market closes today.

LHC Group Inc. (NASDAQ:LHCG -- $205.66) is a health care provider. LHC Group will report its Q4 earnings of 2020 after the market closes today.

Live Nation Entertainment Inc. (NYSE:LYV -- $90.49) operates as a live entertainment company. Live Nation will report its Q4 earnings of 2020 after the market closes today.

LivePerson Inc. (NASDAQ:LPSN -- $60.13) provides conversational commerce solutions. LivePerson will report its Q4 earnings of 2020 after the market closes today.

Mack-Cali Realty Corp. (NYSE:CLI -- $15.50) is a real estate investment trust. Mack-Cali Realty will report its Q4 earnings of 2020 after the market closes today.

Main Street Capital Corp. (NYSE:MAIN -- $36.92) is a private equity firm. Main Street Capital will report its Q4 earnings of 2020 after the market closes today.

MasTec Inc. (NYSE:MTZ -- $89.14) is an infrastructure construction company. MasTec will report its Q4 earnings of 2020 after the market closes today.

Medifast Inc. (NYSE:MED -- $263.35) manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products. Medifast will report its Q4 earnings of 2020 after the market closes today.

Monster Beverage Corp. (NASDAQ:MNST -- $88.24) develops, markets, sells, and distributes energy drink beverages and concentrates. Monster Beverage will report its Q4 earnings of 2020 after the market closes today.

Natera Inc. (NASDAQ:NTRA -- $112.83) provides preconception and prenatal genetic testing services. Natera will report its Q4 earnings of 2020 after the market closes today.

Natus Medical Inc. (NASDAQ:NTUS -- $26.29) provides medical device solutions. Natus Medical will report its Q4 earnings of 2020 after the market closes today.

Nektar Therapeutics (NASDAQ:NKTR -- $22.77) is a biopharmaceutical company. Nektar Therapeutics will report its Q4 earnings of 2020 after the market closes today.

Nelnet Inc. (NYSE:NNI -- $71.90) engages in loan servicing, communications, and education technology, services, and payment processing businesses. Nelnet will report its Q4 earnings of 2020 after the market closes today.

NeoPhotonics Corp. (NYSE:NPTN -- $12.38) develops, manufactures, and sells optoelectronic products. NeoPhotonics will report its Q4 earnings of 2020 after the market closes today.

Nikola Corp. (NASDAQ:NKLA -- $21.16) operates as an integrated zero emissions transportation systems provider. Nikola will report its Q4 earnings of 2020 after the market closes today.

Noodles & Co. (NASDAQ:NDLS -- $9.57) develops and operates fast-casual restaurants. Noodles & Co. will report its Q4 earnings of 2020 after the market closes today.

NuVasive Inc. (NASDAQ:NUVA -- $58.46) is a medical device company. NuVasive will report its Q4 earnings of 2020 after the market closes today.

ONE Gas Inc. (NYSE:OGS -- $69.85) operates as a regulated natural gas distribution utility company. ONE Gas will report its Q4 earnings of 2020 after the market closes today.

OUTFRONT Media Inc. (NYSE:OUT -- $21.78) leverages the power of technology, location and creativity to connect brands with consumers outside of their homes. OUTFRONT Medias will report its Q4 earnings of 2020 after the market closes today.

PagSeguro Digital Ltd. (NYSE:PAGS -- $57.94) provides financial technology solutions and services. PagSeguro Digital will report its Q4 earnings of 2020 after the market closes today.

Park Hotels & Resorts Inc. (NYSE:PK -- $22.45) is a real estate investment trust. Park Hotels & Resorts will report its Q4 earnings of 2020 after the market closes today.

Pembina Pipeline Corp. (NYSE:PBA -- $28.14) provides transportation and midstream services for the energy industry. Pembina Pipeline will report its Q4 earnings of 2020 after the market closes today.

PetIQ Inc. (NASDAQ:PETQ -- $35.50) operates as a pet medication and wellness company. PetIQ will report its Q4 earnings of 2020 after the market closes today.

PRA Group Inc. (NASDAQ:PRAA -- $37.66) a financial and business services company. PRA Group will report its Q4 earnings of 2020 after the market closes today.

Pretium Resources Inc. (NYSE:PVG -- $10.61) acquires, explores for, and develops precious metal resource properties. Pretium Resources will report its Q4 earnings of 2020 after the market closes today.

PTC Therapeutics Inc. (NASDAQ:PTCT -- $57.63) is a biopharmaceutical company. PTC Therapeutics will report its Q4 earnings of 2020 after the market closes today.

Puma Biotechnology Inc. (NASDAQ:PBYI -- $11.31) is a biopharmaceutical company. Puma Biotechnology will report its Q4 earnings of 2020 after the market closes today.

Quaker Chemical Corp. (NYSE:KWR -- $294.90) develops, produces, and markets various formulated chemical specialty products. Quaker Chemical will report its Q4 earnings of 2020 after the market closes today.

RE/MAX Holdings Inc. (NYSE:RMAX -- $41.17) operates as a franchisor of real estate and mortgage brokerage services. RE/MAX Holdings will report its Q4 earnings of 2020 after the market closes today.

RLJ Lodging Trust (NYSE:RLJ -- $15.86) is a self-advised, publicly traded real estate investment trust. RLJ Lodging Trust will report its Q4 earnings of 2020 after the market closes today.

Rocket Companies Inc. (NYSE:RKT -- $20.32) is a Detroit-based holding company consisting of personal finance and consumer service brands. Rocket Companies will report its Q4 earnings of 2020 after the market closes today.

Root Inc. (NASDAQ:ROOT -- $16.32) is the parent company of Root Insurance Company. Root will report its Q4 earnings of 2020 after the market closes today.

SailPoint Technologies Holdings Inc. (NASDAQ:SAIL -- $59.60) designs, develops, and markets identity governance software solutions. SailPoint will report its Q4 earnings of 2020 after the market closes today.

Salesforce.com Inc. (NYSE:CRM -- $240.47) develops enterprise cloud computing solutions. Salesforce.com will report its Q4 earnings of 2020 after the market closes today.

Select Medical Holdings Corp. (NYSE:SEM -- $28.63) operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers. Select Medical will report its Q4 earnings of 2020 after the market closes today.

Shake Shack Inc. (NYSE:SHAK -- $125.33) owns, operates, and licenses Shake Shack restaurants. Shake Shack will report its Q4 earnings of 2020 after the market closes today.

Southwest Gas Holdings Inc. (NYSE:SWX -- $65.01) purchases, distributes, and transports natural gas. Southwest Gas will report its Q4 earnings of 2020 after the market closes today.

Southwestern Energy Co. (NYSE:SWN -- $4.32) is an independent energy company. Southwestern Energy will report its Q4 earnings of 2020 after the market closes today.

Sprouts Farmers Market Inc. (NASDAQ:SFM -- $21.48) provides fresh, natural, and organic food products. Sprouts Farmers Market will report its Q4 earnings of 2020 after the market closes today.

STORE Capital Corp. (NYSE:STOR -- $35.08) is an internally managed net-lease real estate investment trust. STORE Capital will report its Q4 earnings of 2020 after the market closes today.

Sunrun Inc. (NASDAQ:RUN -- $62.56) engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems. Sunrun will report its Q4 earnings of 2020 after the market closes today.

Supernus Pharmaceuticals Inc. (NASDAQ:SUPN -- $30.94) is a pharmaceutical compan. Supernus Pharmaceuticals will report its Q4 earnings of 2020 after the market closes today.

TPI Composites Inc. (NASDAQ:TPIC -- $65.41) manufactures and sells composite wind blades, and related precision molding and assembly systems. TPI Composites will report its Q4 earnings of 2020 after the market closes today.

Universal Health Services Inc. (NYSE:UHS -- $137.94) owns and operates acute care hospitals, outpatient facilities, and behavioral health care facilities. Universal Health will report its Q4 earnings of 2020 after the market closes today.

US Ecology Inc. (NASDAQ:ECOL -- $40.96) provides environmental services to commercial and government entities. US Ecology will report its Q4 earnings of 2020 after the market closes today.

Velodyne Lidar Inc. (NASDAQ:VLDR -- $16.96) develops and produces lidar sensors for use in industrial, 3D mapping, drones, and auto applications. Velodyne Lidar will report its Q4 earnings of 2020 after the market closes today.

Vicor Corp. (NASDAQ:VICR -- $95.22) designs, develops, manufactures, and markets modular power components and power systems. Vicor will report its Q4 earnings of 2020 after the market closes today.

Virgin Galactic Holdings Inc. (NYSE:SPCE -- $46.12) is an integrated aerospace company. Virgin Galactic will report its Q4 earnings of 2020 after the market closes today.

VMware Inc. (NYSE:VMW -- $146.76) provides software in the areas of hybrid cloud, multi-cloud, modern applications, networking and security, and digital workspaces. VMware will report its Q4 earnings of 2020 after the market closes today.

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC -- $27.62) provides modular space and portable storage solutions. WillScot Mobile Mini will report its Q4 earnings of 2020 after the market closes today.

Workday Inc. (NASDAQ:WDAY -- $262.78) provides enterprise cloud applications. Workday will report its Q4 earnings of 2020 after the market closes today.

World Fuel Services Corp. (NYSE:INT -- $35.95) engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries. World Fuel Services will report its Q4 earnings of 2020 after the market closes today.

WW International Inc. (NASDAQ:WW -- $26.00) provides weight management products and services. WW International will report its Q4 earnings of 2020 after the market closes today.

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP -- $4.90) is a clinical-stage biopharmaceutical company. ZIOPHARM will report its Q4 earnings of 2020 after the market closes today.

Zix Corp. (NASDAQ:ZIXI -- $9.59) is a company that does stuff. Zix will report its Q4 earnings of 2020 after the market closes today.

Zogenix Inc. (NASDAQ:ZGNX -- $23.43) is a pharmaceutical company. Zogenix will report its Q4 earnings of 2020 after the market closes today.

Zscaler Inc. (NASDAQ:ZS -- $207.81) operates as a cloud security company. Zscaler will report its Q4 earnings of 2020 after the market closes today.

Looking ahead to tomorrow, the last trading day of February will feature the PCE price index, personal income and consumer spending data, retail inventories ex auto, the Chicago PMI, the Michigan consumer sentiment index, and the U.S. Federal Budget.  All economic dates listed here are tentative and subject to change.

Published on Feb 24, 2021 at 12:05 PM
Updated on Feb 24, 2021 at 4:11 PM
  • Options Recommendations
  • Editor's Pick

The shares of retail stock Dick's Sporting Goods Inc (NYSE:DKS) are experiencing a bull flag pattern on the charts, with support from both their 20- and 30-day moving averages. Both these trendlines have been significant for the equity in its recent rally, and it looks like DKS is poised for its next run higher.

dks feb 24

In the options pits, DKS's 50-day put/call volume ratio of 1.22 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 84% of readings from the past year. This indicates a stronger-than-usual penchant for long puts in the last 10 weeks.

Meanwhile, analysts are split on Dick's Sporting Good stock, leaving plenty of room for optimism that could act as a tailwind. More specifically, eight of the 16 in coverage carry a "hold" or worse rating on DKS. And although shorts have been in covering mode since June, with short interest down 14.8% during the most recent reporting period, there is still plenty of these bearish bets left. Short interest makes up an impressive 17.8% of the stock's available float, and represent 4.5 days' worth of pent-up buying power.
 
Speculating on the security's next move with options could be a prudent play. The stock's Schaeffer's Volatility Index (SVI) of 56% stands higher than just 16% of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment. Furthermore, the security's Schaeffer's Volatility Scorecard (SVS) sits at a reasonably high 83 out of 100, meaning DKS has tended to exceed these volatility expectations during the past year.

Lastly, our recommended call has a leverage ratio of 5.9 and will double in value on a 16.3% rise in the underlying security.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKS commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Published on Feb 24, 2021 at 12:38 PM
Updated on Feb 24, 2021 at 2:59 PM
  • Technical Analysis

As sports gambling stocks continue to benefit from a paradigm shift, it's no surprise that the shares of Penn National Gaming, Inc (NASDAQ:PENN) boast a massive year-over-year lead of 261.6%. PENN should also benefit from a new partnership with Rivers Casino & Resort, a New York casino that -- assuming regulatory and legislative blocks are hurdled -- will give the company access to the state's lucrative market. The security has already tacked on 35.3% in 2021, and is recently removed from a Feb. 5, all-time high of $129. Even better, there is a bull signal flashing for PENN, suggesting another surge higher may be in the cards.

Specifically, the equity just came within one standard deviation of its 40-day moving average, after spending the majority of the past four months far above the trendline. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, four similar signals have occurred during the past three years. Penn National Gaming stock enjoyed positive returns one month after 67% of these signals, averaging a notable gain of 23.4%. A similar move from its current perch of $116.75, would propel the security to another record high of just over $144.

PENN Chart February 24

On the analyst front, earlier this week J.P. Morgan Securities hit PENN with a bull note in the form of a price-target hike to $142 from $134. The brokerage bunch, meanwhile, wasn't as sure coming into today, leaving plenty of room for additional upgrades/or price-target hikes. The 14 in coverage were evenly split, with seven calling the equity a "strong buy," versus seven that rated the equity a "hold" or worse, while the 12-month consensus target price of $110.92 is a 5.5% discount to current levels.

Options traders, however, are piling aboard the bullish bandwagon. This is per Penn National Gaming stock's 50-day call/put volume ratio of 2.48 International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 80% of readings from the past year. This means this heavy penchant for bullish bets is unusual.

Options look like a good way to go when weighing in on the gambling stock. The security's Schaeffer's Volatility Index (SVI) of 76% stands in the 6th percentile of all other readings in its annual range, implying that options players are pricing in relatively low volatility expectations at the moment. Further, the equity's Schaeffer's Volatility Scorecard (SVS) sits at the highest possible 100 This means the stock has greatly exceeded option traders' volatility expectations during the past year -- a boon for options buyers.

Published on Feb 24, 2021 at 2:58 PM
  • Earnings Preview

Urban Outfitters Stock Red-Hot Ahead of Earnings

by Schaeffer's Digital Content Team
 

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