Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Oct 23, 2020 at 10:22 AM
  • Analyst Update

Tech store giant Best Buy Co., Inc. (NYSE:BBY) this morning received a downgrade from Oppenheimer to "perform" from "outperform," though the firm also added in a price-target hike to $125 from $120. BBY was trading down 1.7% at $115.50 at last check, falling further from its Oct. 20 record high of $123.67 -- though the 20-day moving average, which caught yesterday's pullback, appears to be moving in as support. Year-to-date, the equity is still up around 32%. 

Coming into today, 12 of the 19 analysts in coverage carry a "strong buy" on BBY, with the remaining seven a "hold." Meanwhile, the 12-month consensus price target of $118.59 is a 2% premium to last night's close. 

Furthermore, 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 37% sits higher than just 14% of readings in its annual range, suggesting short-term options are pricing in relatively low volatility expectations.

Published on Oct 23, 2020 at 9:49 AM
Updated on Oct 23, 2020 at 9:54 AM
  • Editor's Pick
  • Intraday Option Activity
  • Analyst Update
 
Published on Oct 7, 2020 at 2:54 PM
Updated on Oct 23, 2020 at 9:33 AM
  • Analyst Update
  • Intraday Option Activity
The shares of Levi Strauss (LEVI) are up 5.4% at $15.54 at last check, after the apparel company reported better-than-expected fiscal third-quarter earnings and revenue.
Published on Oct 23, 2020 at 9:24 AM
  • Buzz Stocks

Betting on UAA Stock: Winner or Loser?

by Schaeffer's Digital Content Team

Under Armour, Inc. (NYSE:UAA) is a major American sports, footwear, and apparel brand. The company operates its business internationally with headquarters in North America, South America, Europe and Asia. UAA had seen massive declines even before the pandemic, but the company has sunken much deeper since the COVID-19 outbreak began earlier this year. Under Armour is down about 32% year-to-date despite doubling off its May 14 multi-year lows of $7.15. Furthermore, on Oct 30 before the open, the company will report quarterly earnings.

Under Armour has a current market cap of $6.04 billion and a book value of $3.13 per share. Its price-to-book ratio stands at 4.15. The company has a trailing price-earnings ratio of 66.25 and a forward price-earnings ratio of 86.96

As far as earnings reports go, Under Armour has beat expectations on two of its four most recent quarterly earnings reports. In its most recent quarter, the company beat the target by $0.10. Under Armour reported a loss -$0.31 instead of the anticipated -$0.41.  As for the company's upcoming earnings report, Under Armour is expected to report an EPS of $0.01 and reverse the company’s downward trajectory.

In the first quarter of 2020, Under Armour reported a miss of $0.16 in EPS. The company reported an EPS of -$0.34 instead of its expected -$0.18. In the fourth quarter of 2019, Under Armour met expectations at $0.10, and in the third quarter of 2019, the company beat expectations by $0.05 with an EPS of $0.23. The company has a trailing 12-month EPS of -$1.51.

Under Armour has grown its revenue annually since 2016. In 2017 and 2018, the company grew its revenue by $200 million and $150 million, respectively. Under Armour's revenue has fallen drastically this year. The company has a trailing 12-month revenue of $4.5 billion, which is more than $700 million short of what it had produced by the end of 2019.

Under Armour’s net income has been largely inconsistent over past four years. In 2016, Under Armour had one of its best years with $257 million in net income, but then had two straight subsequent years of net losses totaling over $46 million each year. In 2019, the company recovered with a net income of $92 million. As for 2020, Under Armour is currently having one of its worst years ever, with $686 million in net losses over the past 12 months. Under Armour has $1.08 billion in cash and $2.28 billion in total debt on its balance sheet.

Overall, the company doesn’t boast a good balance sheet or consistent profits, and is not very fundamentally sound on paper in general. Under Armour's most redeeming factor is its revenue production. However, the drastic shifts between profitability and net losses indicate the possibility of poor management. The pandemic is unlikely to be the primary cause of UAA stock's falling price; instead its only accelerated the process and demonstrated how unprepared Under Armour had been in case of emergency. Serious change needs occur within the company before investors consider UAA stock for their portfolios. At the moment UAA stock is too much of a risk, despite its bargain-basement pricing.

Published on Oct 22, 2020 at 12:52 PM
Updated on Oct 23, 2020 at 9:22 AM
  • Earnings Preview

Blue-chip pharmaceutical concern Pfizer Inc. (NYSE:PFE) is scheduled to report third-quarter earnings before the market opens on Tuesday, Oct. 27. It's purely coincidental that PFE will report a week before one of the most anticipated elections in U.S. history, especially after U.S. President Donald Trump made comments about an effective COVID-19 vaccine being ready before the election -- comments that Pfizer's CEO refuted concerning its own vaccine. Below, we'll take a look at Pfizer stock's technical setup, as well as its earnings history ahead of an important two week slate.

Although its a notable contender in the race to produce an effective coronavirus vaccine, Pfizer has struggled with its year-to-date breakeven point all 2020. There's support emerging at the $36 area, but overhead $39 --which roughly coincides with that aforementioned year-to-date level -- has stymied PFE's most recent breakout attempts in July and October.

PFE Stock Chart

Optimism is growing in the options pits, where calls are popular. This is per the blue chip's 10-day call/put volume ratio of 10.97 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which is two percentage points from an annual high. In other words, calls are being ordered up at a quicker-than-usual rate in the last two weeks.

PFE has a history of mixed responses following earnings, closing higher in four of the past eight quarters. This includes a 3.9% jump last July, but also a 5% drop last January. Over the past two years, shares have swung an average of 2.9% the day after earnings, regardless of direction. This time around, the options market is pricing in a slightly higher swing of 5.8%.

Published on Oct 16, 2020 at 1:59 PM
Updated on Oct 23, 2020 at 8:41 AM
  • 5-Minute Market Rundown

Following the major benchmarks' best week in months, the Dow started off strong with its fourth-straight triple-digit win. However, an unfortunate series of updates weighed on sentiment to follow. On Tuesday, stocks took a breather after news that drugmakers Eli Lilly (LLY) and blue-chip stock Johnson & Johnson (JNJ) both paused potential vaccine trials due to complications, while second stimulus sentiment grew increasingly hesitant. The week was also marked by third-quarter earnings reports, and bank earnings in the middle of the week did little to improve morale.

Furthermore, Treasury Secretary Steven Mnuchin announced that although progress is being made, he did not expect a stimulus package before the election. Stocks plummeted right off the bat on Thursday, with jobless claims data coming in higher than expected, along with news that various places in Europe are tightening their coronavirus restrictions again. Friday, however, is looking up, with retail sales coming in higher than expected, and an announcement from blue-chip drugmaker Pfizer (PFE) that it could apply for emergency use of its COVID-19 vaccine as soon as late November. For Friday's trading, stocks are moving higher on the day, and now eyeing modest weekly gains.

Blue-Chip Stocks Hang Tight Amid Rocky Week

Plenty of blue chips rose higher during this tumultuous week, including JPMorgan Chase (JPM), which kicked off third-quarter earnings season on a high note. Walt Disney (DIS) jumped after turning its focus to revamping its streaming service, which brought out plenty of options traders. 

Meanwhile, Walgreens Boot Alliance (WBA) had positive fiscal fourth-quarter report, giving it a much-needed boost after its recent struggle on the charts. In a similar boat, new Dow stock Amgen (AMGN) has been trading sideways, though according to data from our Senior Quantitative Analyst Rocky White, now looks like a good time to buy. 

Auto-Related Stocks Make Moves

This week, AutoZone (AZO) sped higher after a sparkling review from Raymond James, placing the stock in its current list of favorites. Ford (F) rose as well, after Deutsche Bank named the stock a "catalyst call buy," citing strong third-quarter expectations, the company's new CEO, and an attractive product launch cycle. Electric vehicle-maker Tesla (TSLA) also entered the mix, after pulling back to a historically bullish trendline that could push the stock higher. 

Housing Data Highlighted in Week Ahead

There is plenty for investors to sift through in the coming week. Housing data will be highlighted, followed by jobless claims and consumer data later in the week. As earnings season gains steam, the latest quarterly reports will trickle in as well, with several blue-chip names such as IBM (IBM), Intel (INTC), Procter & Gamble (PG), Travelers (TRV), and Verizon (VZ) among the notable reporters. 

In the meantime, check out this analysis of the Coppock Curve, which recently signaled a "buy" on the Dow. Also see how the Dow has performed historically after one of these signals. 

Published on Oct 23, 2020 at 8:17 AM
  • Buzz Stocks

Today's Stock Market News & Events: 10/23/2020

by Schaeffer's Digital Content Group

All three major market indexes closed in the black on Thursday. Investors seemed to be encouraged by a slew of corporate earnings, including reports from Coca-Cola (KO) and Tesla (TSLA) on top of the fact that weekly jobless claims dropped to 787,000 for last week, much lower than the expected 875,000 and only the second time since March claims have dropped below 800,000.  The 10-year Treasury yield hit a four-month high to the benefit of several bank stocks yesterday, too.

The Dow Jones Industrial Average (DJI - 28,363.66) gained 152.8 points yesterday. The S&P 500 Index (SPX - 3,453.49) added 17.9 points for the day on Thursday, while the Nasdaq Composite (IXIC - 11,506.01) tacked on 21.3 points. Lastly, the Cboe Volatility Index (VIX - 28.11) lost 0.5 point on the day.

Yesterday was an earning blitz if we have ever seen one, and even full-time traders had to have missed some of the news drops. So, here is a quick recap of some actionable trading ideas that we released yesterday:


For your convenience, we have rounded up the companies slated to release their earnings today, October 23:

  • ABB Ltd (NYSE:ABB -- $26.75) manufactures and sells electrification, industrial automation, motion, and robotics and discrete automation products.
    • ABB will report its fourth-quarter earnings before the bell today.
  • Altra Industrial Motion Corp. (NASDAQ:AIMC -- $40.45) designs, produces, and markets a range of electromechanical power transmission motion control products.
    • Altra Industrial Motion will report its third-quarter earnings before the bell today.
  • American Express (NYSE:AXP -- $104.79) provides charge and credit payment card products, and travel-related services worldwide. Despite beating earnings expectations last quarter, put buyers blasted American Express stock.
    • American Express will report its third-quarter earnings before the bell today.
  • Autoliv, Inc. (NYSE:ALV -- $84.20) develops, manufactures, and supplies automotive safety systems.
    • Autoliv will report its third-quarter earnings before the bell today.
  • Barnes Group, Inc. (NYSE:B -- $40.89) provides engineered products, industrial technologies, and innovative solutions.
    • Barnes Group will report its third-quarter earnings before the bell today.
  • Bloomin' Brands, Inc. (NASDAQ:BLMN -- $17.73) owns and operates casual, upscale casual, and fine dining restaurants.
    • Bloomin' Brands will report its third-quarter earnings before the bell today.
  • Carter’s, Inc. (NYSE:CRI -- $86.81) designs, sources, and markets branded childrenswear.
    • Carter’s will report its third-quarter earnings before the bell today.
  • Cleveland-Cliffs, Inc. (NYSE:CLF -- $8.27) operates as an independent iron ore mining company. At the beginning of last quarter, call buyers blasted CLF stock. After it was reported at the end of last month that the mining company, will buy all of the U.S. assets of the world's largest steelmaker, ArcelorMittal (MT), options bears rushed to CLF stock.
    • Cleveland-Cliffs will report its third-quarter earnings before the bell today.
  • First Hawaiian, Inc. (NASDAQ:FHB -- $16.77) operates as a bank holding company for First Hawaiian Bank.
    • First Hawaiian will report its third-quarter earnings before the bell today.
  • First Horizon National Corporation (NYSE:FHN -- $11.45) operates as the bank holding company for First Horizon Bank.
    • First Horizon will report its third-quarter earnings before the bell today.
  • Gentex (NASDAQ:GNTX -- $28.54) provides digital vision, connected car, dimmable glass, and fire protection products worldwide.
    • Gentex will report its third-quarter earnings before the bell today.
  • The Greenbrier Companies, Inc. (NYSE:GBX -- $33.02) designs, manufactures, and markets railroad freight car equipment.
    • Greenbrier will report its third-quarter earnings before the bell today.
  • Southside Bancshares, Inc. (NASDAQ:SBSI -- $26.72) operates as the bank holding company for Southside Bank.
    • Southside Bancshares will report its third-quarter earnings before the bell today.
  • Triton International Limited (NYSE:TRTN -- $36.66) engages in the acquisition, leasing, re-leasing, and sale of various types of intermodal containers and chassis.
    • Triton International will report its third-quarter earnings before the bell today.
  • United Bankshares, Inc. (NYSE:UBSI -- $25.91) provides commercial and retail banking products and services.
    • United Bankshares will report its third-quarter earnings before the bell today.


We have also rounded up the results of all those quarterly earnings reports released yesterday, October 22:

  • Alaska Air Group, Inc. (NYSE:ALK) provides passenger and cargo air transportation services. Alaska Air reported its third-quarter earnings before the bell yesterday.
    • Earnings per share decreased 222.81% year over year to ($3.23), which missed the estimate of ($3.01). Revenue of $701,000,000 declined by 70.66% from the same period last year, which beat the estimate of $678,200,000.
  • Allegion plc (NYSE:ALLE) manufactures and sells mechanical and electronic security products and solutions worldwide. Allegion reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were up 13.61% year over year to $1.67, which beat the estimate of $1.19. Revenue of $728,400,000 decreased by 2.66% year over year, which beat the estimate of $666,040,000.
  • AllianceBernstein Holding L.P. (NYSE:AB) is a publicly owned investment manager. AllianceBernstein reported its third-quarter earnings before the bell yesterday.
  • American Airlines Group Inc. (NASDAQ:AAL) operates as a network air carrier. We evaluated the long-term value of AAL stock yesterday, while options traders were going wild for AAL stock. American Airlines reported its third-quarter earnings before the bell yesterday.
    • Earnings per share decreased 490.14% over the past year to ($5.54), which beat the estimate of ($5.88). Revenue of $3,173,000,000 declined by 73.36% from the same period last year, which beat the estimate of $2,760,000,000.
  • American Electric Power Company, Inc. (NASDAQ:AEP) is an electric public utility holding company. American Electric reported its third-quarter earnings before the bell yesterday.
    • Earnings per share rose 0.68% over the past year to $1.47, which beat the estimate of $1.45. Revenue of $4,100,000,000 decreased by 4.65% from the same period last year, which missed the estimate of $4,410,000,000.
  • Arch Resources, Inc. (NYSE:ARCH) produces and sells thermal and metallurgical coal from surface and underground mines. Arch reported its third-quarter earnings before the bell yesterday.
  • AT&T Inc. (NYSE:T) provides telecommunication, media, and technology services worldwide. While T stock saw a modest dip earlier this month, we still mark it as a must-own dividend stock. AT&T reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were down 19.15% year over year to $0.76, which were in line with the estimate of $0.76. Revenue of $42,340,000,000 decreased by 5.04% year over year, which beat the estimate of $41,610,000,000.
  • Banc of California (NYSE:BANC) operates as the bank holding company for Banc of California, National Association. Banc of California reported its third-quarter earnings before the bell yesterday.
    • Earnings per share rose 153.33% year over year to $0.24, which beat the estimate of $0.15. Revenue of $55,855,000 declined by 5.19% from the same period last year, which missed the estimate of $59,060,000.
  • Carpenter Technology Corporation (NYSE:CRS) manufactures, fabricates, and distributes specialty metals worldwide. Carpenter Tech reported its fourth-quarter earnings before the bell yesterday.
  • Chart Industries (NASDAQ:GTLS) manufactures and sells engineered equipment for the energy and industrial gas industries worldwide. Chart Industries reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were up 3.90% year over year to $0.80, which beat the estimate of $0.62. Revenue of $273,200,000 decreased by 23.64% from the same period last year, which missed the estimate of $301,380,000.
  • Check Point Software Technologies Ltd. (NASDAQ:CHKP) develops, markets, and supports a range of products and services for IT security worldwide. Check Point Software reported its third-quarter earnings before the bell yesterday.
    • Earnings per share increased 13.89% year over year to $1.64, which beat the estimate of $1.53. Revenue of $509,000,000 up by 3.69% year over year, which beat the estimate of $504,060,000.
  • Citrix Systems, Inc. (NASDAQ:CTXS) provides workspace, networking, and professional services worldwide. Citrix Systems reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 9.21% year over year to $1.38, which beat the estimate of $1.24. Revenue of $767,170,000 up by 4.68% year over year, which beat the estimate of $758,690,000.
  • The Coca-Cola Company (NYSE:KO) manufactures, markets, and sells various nonalcoholic beverages worldwide. KO stock was flat ahead of quarterly earnings on Wednesday. Coca-Cola reported its third-quarter earnings before the bell yesterday.
    • Earnings per share decreased 1.79% year over year to $0.55, which beat the estimate of $0.46. Revenue of $8,652,000,000 declined by 8.99% year over year, which beat the estimate of $8,350,000,000.
  • Danaher Corporation (NYSE:DHR) designs, manufactures, and markets professional, medical, industrial, and commercial products and services. Danaher reported its third-quarter earnings before the bell yesterday.
    • Earnings per share increased 48.28% over the past year to $1.72, which beat the estimate of $1.36. Revenue of $5,883,000,000 rose by 16.80% year over year, which beat the estimate of $5,510,000,000.
  • Dow Inc. (NYSE:DOW) provides various materials science solutions for consumer care, infrastructure, and packaging markets. Dow reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 45.05% over the past year to $0.50, which beat the estimate of $0.33. Revenue of $9,712,000,000 decreased by 9.77% year over year, which beat the estimate of $9,520,000,000.
  • East West Bancorp, Inc. (NYSE:EWBC) operates as the bank holding company for East West Bank. East West Banc reported its third-quarter earnings before the bell yesterday.
  • Entegris, Inc. (NYSE:ENTG) develops, manufactures, and supplies micro-contamination control products, specialty chemicals, and advanced materials handling solutions. Entegris reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were up 34.00% over the past year to $0.67, which beat the estimate of $0.63. Revenue of $480,987,000 up by 22.03% year over year, which beat the estimate of $461,780,000.
  • EQT Corporation (NYSE:EQT) operates as a natural gas production company in the United States. EQT Corp. reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 150.00% year over year to ($0.15), which beat the estimate of ($0.24). Revenue of $172,127,000 declined by 81.91% year over year, which missed the estimate of $844,650,000.
  • Fifth Third Bancorp (NASDAQ:FITB) operates as a diversified financial services company in the United States. Fifth Third reported its third-quarter earnings before the bell yesterday.
    • Earnings per share rose 13.33% year over year to $0.85, which beat the estimate of $0.60. Revenue of $1,895,000,000 decreased by 4.58% from the same period last year, which beat the estimate of $1,860,000,000.
  • First American Financial Corporation (NYSE:FAF) provides financial services. First American Financial reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 20.12% year over year to $1.31, which beat the estimate of $1.27. Revenue of $1,914,000,000 up by 14.54% year over year, which beat the estimate of $1,640,000,000.
  • Freeport-McMoRan Inc. (NYSE:FCX) mines mineral properties in North America, South America, and Indonesia. We found plenty of opportunity with FCX stock in September. Freeport-McMoRan reported its third-quarter earnings before the bell yesterday.
  • Genuine Parts Company (NYSE:GPC) distributes automotive replacement parts, industrial parts and materials, and business products. Genuine Parts reported its third-quarter earnings before the bell yesterday.
  • W.W. Grainger, Inc. (NYSE:GWW) distributes maintenance, repair, and operating (MRO) products and services. Grainger reported its third-quarter earnings before the bell yesterday.
  • Herc Holdings Inc. (NYSE:HRI) operates as an equipment rental supplier. Herc Holdings reported its third-quarter earnings before the bell yesterday.
    • Earnings per share decreased 8.78% over the past year to $1.35, which beat the estimate of $0.80. Revenue of $456,700,000 decreased by 10.12% from the same period last year, which beat the estimate of $427,860,000.
  • Huntington Bancshares Incorporated (NYSE:HBAN) operates as a holding company for The Huntington National Bank. Huntington Bancshares reported its second-quarter earnings before the bell yesterday.
    • Earnings per share fell 20.59% over the past year to $0.27, which beat the estimate of $0.25. Revenue of $1,247,000,000 higher by 4.97% year over year, which beat the estimate of $1,230,000,000.
  • Kimberly-Clark Corporation (NYSE:KMB) manufactures and markets personal care and consumer tissue products worldwide. KMB stock brushed off bullish coverage last week. Kimberly-Clark reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 6.52% over the past year to $1.72, which missed the estimate of $1.75. Revenue of $4,683,000,000 up by 0.93% year over year, which beat the estimate of $4,580,000,000.
  • Lindsay Corporation (NYSE:LNN) provides water management and road infrastructure products and services. Lindsay Corp reported its third-quarter earnings before the bell yesterday.
  • M&T Bank Corporation (NYSE:MTB) operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association. M&T Bank reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 21.43% over the past year to $2.75, which beat the estimate of $2.60. Revenue of $1,464,000,000 decreased by 6.03% year over year, which beat the estimate of $1,460,000,000.
  • Materion Corporation (NYSE:MTRN) manufactures and sells advanced engineered materials. Materion reported its second-quarter earnings before the bell yesterday.
    • Earnings per share fell 32.10% over the past year to $0.55, which beat the estimate of $0.51. Revenue of $287,171,000 decreased by 6.15% from the same period last year, which beat the estimate of $281,700,000.
  • Northrop Grumman Corporation (NYSE:NOC) operates as a security company. Northrop Grumman reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were up 7.29% year over year to $5.89, which beat the estimate of $5.64. Revenue of $9,083,000,000 up by 7.17% from the same period last year, which beat the estimate of $8,860,000,000.
  • Nucor Corporation (NYSE:NUE) manufactures and sells steel and steel products. Nucor reported its third-quarter earnings before the bell yesterday.
  • Old Republic International Corporation (NYSE:ORI) engages in the insurance underwriting and related services business. Old Republic will reported its third-quarter earnings before the bell yesterday.
  • Patterson-UTI Energy, Inc. (NYSE:PTEN) provides onshore contract drilling services. Patterson-UTI reported its third-quarter earnings before the bell yesterday.
    • Earnings per share fell 122.22% year over year to ($0.60), which beat the estimate of ($0.62). Revenue of $207,141,000 decreased by 65.39% year over year, which beat the estimate of $196,100,000.
  • Penske Auto, Inc. (NYSE:PAG) is a diversified transportation services company. Penske Auto reported its second-quarter earnings before the bell yesterday.
    • Earnings per share were up 102.11% year over year to $2.87, which beat the estimate of $1.56. Revenue of $5,972,000,000 rose by 0.07% from the same period last year, which beat the estimate of $5,500,000,000.
  • Pool Corporation (NYSE:POOL) distributes swimming pool supplies, equipment, and related leisure products. Pool reported its third-quarter earnings before the bell yesterday.
    • Earnings per share increased 38.97% year over year to $2.71, which beat the estimate of $2.18. Revenue of $1,139,000,000 higher by 26.77% year over year, which beat the estimate of $1,000,000,000.
  • PulteGroup, Inc. (NYSE:PHM) primarily engages in the homebuilding business in the United States. PulteGroup reported its third-quarter earnings before the bell yesterday.
    • Earnings per share rose 32.67% over the past year to $1.34, which beat the estimate of $1.12. Revenue of $2,955,000,000 higher by 9.04% from the same period last year, which beat the estimate of $2,730,000,000.
  • Quest Diagnostics Incorporated (NYSE:DGX) provides diagnostic testing, information, and services. Near the start of last quarter, surging COVID-19 testing volume pushed  DGX stock higher. Quest Diagnostics reported its second-quarter earnings before the bell yesterday.
    • Earnings per share were up 144.89% year over year to $4.31, which beat the estimate of $3.73. Revenue of $2,786,000,000 rose by 42.43% from the same period last year, which beat the estimate of $2,730,000,000.
  • Reliance Steel & Aluminum Co. (NYSE:RS) operates as a metals service center company. Reliance Steel reported its third-quarter earnings before the bell yesterday.
    • Earnings per share decreased 21.76% year over year to $1.87, which beat the estimate of $1.50. Revenue of $2,085,600,000 decreased by 22.35% year over year, which missed the estimate of $2,130,000,000.
  • Rogers Communication Inc. (NYSE:RCI) operates as a communications and media company in Canada. Rogers reported its second-quarter earnings before the bell yesterday.
    • Earnings per share fell 10.00% over the past year to $0.81, which beat the estimate of $0.60. Revenue of $2,751,000,000 decreased by 3.58% year over year, which missed the estimate of $2,760,000,000.
  • Sirius XM Holdings Inc. (NASDAQ:SIRI) provides satellite radio services on a subscription fee basis in the United States. SIRI stock plummeted amid C-suite shakeup last month. Sirius XM reported its third-quarter earnings before the bell yesterday.
    • Earnings per share increased 20.00% year over year to $0.06, which beat the estimate of $0.05. Revenue of $2,025,000,000 up by 0.70% year over year, which beat the estimate of $1,940,000,000.
  • Snap-On Incorporated (NYSE:SNA) manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions. Snap-On reported its third-quarter earnings before the bell yesterday.
    • Earnings per share increased 10.81% over the past year to $3.28, which beat the estimate of $2.16. Revenue of $941,600,000 up by 4.41% year over year, which beat the estimate of $806,170,000.
  • Sonoco Products Company (NYSE:SON) manufactures and sells industrial and consumer packaging products. Sonoco Products reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were down 11.34% over the past year to $0.86, which beat the estimate of $0.82. Revenue of $1,312,000,000 decreased by 3.10% from the same period last year, which missed the estimate of $1,320,000,000.
  • Southwest Airlines Company (NYSE:LUV) operates a passenger airline that provides scheduled air transportation services. LUV stock took off earlier after its union submitted a pay cut request. Southwest Air reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were down 268.64% year over year to ($1.99), which beat the estimate of ($2.35). Revenue of $1,793,000,000 declined by 68.20% year over year, which beat the estimate of $1,700,000,000.
  • STMicroelectronics N.V. (NYSE:STM) develops, manufactures, and markets semiconductor products. A reliable bull signal flashed for STM stock mid-quarter. STMicroelectronics reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were down 23.53% over the past year to $0.26, which missed the estimate of $0.28. Revenue of $2,666,000,000 rose by 4.43% year over year, which beat the estimate of $2,640,000,000.
  • TAL Education Group (NYSE:TAL) provides K-12 after-school tutoring services in the People's Republic of China. TAL Education reported its second-quarter earnings before the bell yesterday.
    • Earnings per share rose 300.00% year over year to $0.08, which missed the estimate of $0.12. Revenue of $1,103,000,000 higher by 17.76% from the same period last year, which missed the estimate of $1,130,000,000.
  • Tractor Supply Company (NASDAQ:TSCO) operates rural lifestyle retail stores in the United States. Tractor Supply reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were up 55.77% over the past year to $1.62, which beat the estimate of $1.33. Revenue of $2,607,000,000 up by 31.40% from the same period last year, which beat the estimate of $2,390,000,000.
  • TRI Pointe Homes, Inc. (NYSE:TPH) engages in the design, construction, and sale of single-family detached and attached homes in the United States. TRI Pointe Homes reported its third-quarter earnings before the bell yesterday.
  • Union Pacific Corporation (NYSE:UNP) engages in the railroad business in the United States. Union Pacific reported its third-quarter earnings before the bell yesterday.
  • Valero Energy Corporation (NYSE:VLO) manufactures and sells transportation fuels and petrochemical products. Valero Energy reported its first-quarter earnings before the bell yesterday.
    • Earnings per share fell 178.38% year over year to ($1.16), which beat the estimate of ($1.37). Revenue of $15,809,000,000 declined by 41.98% from the same period last year, which missed the estimate of $16,550,000,000.
  • Valley National Bancorp (NASDAQ:VLY) operates as the holding company for the Valley National Bank. Valley National reported its third-quarter earnings before the bell yesterday.
  • Watsco, Inc. (NYSE:WSO) distributes air conditioning, heating, and refrigeration equipment. Watsco reported its third-quarter earnings before the bell yesterday.
    • Earnings per share rose 25.45% year over year to $2.76, which beat the estimate of $2.47. Revenue of $1,537,000,000 up by 10.18% from the same period last year, which beat the estimate of $1,510,000,000.
  • Webster Financial Corporation (NYSE:WBS) operates as the holding company for Webster Bank, National Association. Webster Financial reported its third-quarter earnings before the bell yesterday.
    • Earnings per share were down 45.71% year over year to $0.57, which beat the estimate of $0.51. Revenue of $224,407,000 declined by 7.19% year over year, which missed the estimate of $230,990,000.
  • West Pharmaceutical Services, Inc. (NYSE:WST) manufactures and sells containment and delivery systems for injectable drugs and healthcare products. West Pharmaceuticals reported its third-quarter earnings before the bell yesterday.
    • Earnings per share increased 45.57% over the past year to $1.15, which beat the estimate of $0.99. Revenue of $548,000,000 rose by 20.15% from the same period last year, which beat the estimate of $510,140,000.
  • Ameris Bancorp (NASDAQ:ABCB) operates as the bank holding company for Ameris Bank. Ameris Bancorp reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share rose 70.41% over the past year to $1.67, which beat the estimate of $0.89. Revenue of $321,556,000 up by 42.43% from the same period last year, which beat the estimate of $269,860,000.
  • Associated Banc-Corp (NASDAQ:ASB) is a bank holding company. Associated Banc-Corp reported its second-quarter earnings after the market closed on Thursday.
    • Earnings per share were down 52.00% over the past year to $0.24, which beat the estimate of $0.20. Revenue of $257,695,000 declined by 16.12% from the same period last year, which missed the estimate of $269,350,000.
  • Bank OZK (NASDAQ:OZK) provides various retail and commercial banking services. Bank OZK reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share were up 3.70% over the past year to $0.84, which beat the estimate of $0.58. Revenue of $251,333,000 up by 2.49% from the same period last year, which beat the estimate of $244,300,000.
  • BJ’s Restaurants, Inc. (NASDAQ:BJRI) owns and operates casual dining restaurants in the United States. BJ’s Restaurants reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share were down 309.52% over the past year to ($0.44), which beat the estimate of ($0.71). Revenue of $198,887,000 decreased by 28.65% from the same period last year, which beat the estimate of $182,960,000.
  • The Boston Beer Company, Inc. (NYSE:SAM) produces and sells alcohol beverages primarily in the United States. After a bull note in August, SAM stock is up over 125% year-over-year. Boston Beer reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share rose 81.84% year over year to $6.51, which beat the estimate of $4.50. Revenue of $492,792,000 rose by 30.21% year over year, which missed the estimate of $520,870,000.
  • Capital One Financial Corporation (NYSE:COF) operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association. Capital One reported its second-quarter earnings after the market closed on Thursday.
    • Earnings per share were up 52.11% over the past year to $5.05, which beat the estimate of $2.01. Revenue of $7,381,000,000 up by 6.06% from the same period last year, which beat the estimate of $6,700,000,000.
  • CoreLogic, Inc. (NYSE:CLGX) provides property information, insight, analytics, and data-enabled solutions. CoreLogic reported its second-quarter earnings after the market closed on Thursday.
    • Earnings per share increased 47.56% year over year to $1.21, which missed the estimate of $1.24. Revenue of $436,727,000 decreased by 4.84% from the same period last year, which missed the estimate of $526,270,000.
  • DMC Global Inc. (NYSE:BOOM) engages in technical product and process businesses. DMC Global reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share decreased 91.11% over the past year to $0.08, which beat the estimate of ($0.09). Revenue of $55,281,000 declined by 44.77% year over year, which beat the estimate of $46,500,000.
  • eHealth, Inc. (NASDAQ:EHTH) provides private health insurance exchange services. eHealth reported its third-quarter earnings after the market closes today.
    • Earnings per share were up 16.28% year over year to ($0.36), which beat the estimate of ($0.58). Revenue of $94,284,000 up by 34.86% from the same period last year, which beat the estimate of $87,350,000.
  • Employers Holdings (NYSE:EIG) operates in the commercial property and casualty insurance industry. Employers Holdings reported its second-quarter earnings after the market closed on Thursday.
  • First Financial Bancorp. (NASDAQ:FFBC) operates as the bank holding company for First Financial Bank. First Financial reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share were down 21.43% year over year to $0.44, which beat the estimate of $0.37. Revenue of $161,679,000 rose by 4.53% year over year, which beat the estimate of $155,520,000.
  • Hilltop Holdings Inc. (NYSE:HTH) provides banking and financial products and services. Hilltop Holdings reported its third-quarter earnings after the market closed on Thursday.
  • Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. Last month, INTC stock was on the rise after receiving license to supply Huawei. And, just this week, INTC stock was back in focus after billion-dollar memory business sale. Intel reported its second-quarter earnings after the market closed on Thursday.
    • Earnings per share fell 21.83% year over year to $1.11, which beat the estimate of $1.10. Revenue of $18,333,000,000 declined by 4.47% year over year, which beat the estimate of $18,220,000,000.
  • Limelight Networks, Inc. (NASDAQ:LLNW) provides content delivery and related services. Limelight Networks reported its second-quarter earnings after the market closed on Thursday.
    • Earnings per share were down 200.00% year over year to ($0.01), which missed the estimate of $0.02. Revenue of $59,243,000 higher by 15.44% year over year, which beat the estimate of $58,940,000.
  • Manhattan Associates, Inc. (NASDAQ:MANH) develops, sells, deploys, services, and maintains software solutions. Manhattan Associates reported its second-quarter earnings after the market closed on Thursday.
    • Earnings per share increased 0.00% year over year to $0.51, which beat the estimate of $0.39. Revenue of $149,757,000 decreased by 7.71% year over year, which beat the estimate of $138,870,000.
  • Mattel, Inc. (NASDAQ:MAT) is a children's entertainment company. Mattel reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share were up 265.38% year over year to $0.95, which beat the estimate of $0.38. Revenue of $1,632,000,000 up by 10.12% year over year, which beat the estimate of $1,460,000,000.
  • NextGen Healthcare, Inc. (NASDAQ:NXGN) provides ambulatory-focused healthcare software and services solutions. NextGen Healthcare reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share rose 25.00% year over year to $0.30, which beat the estimate of $0.20. Revenue of $140,002,000 up by 4.28% from the same period last year, which beat the estimate of $133,040,000.
  • People's United Financial, Inc. (NASDAQ:PBCT) operates as the bank holding company for People's United Bank, National Association. People's United Financial reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share were flat 0.00% over the past year to $0.34, which beat the estimate of $0.29. Revenue of $492,500,000 up by 8.31% from the same period last year, which missed the estimate of $506,120,000.
  • Robert Half International Inc. (NASDAQ:RHI) provides staffing and risk consulting services. Robert Half reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share decreased 33.66% over the past year to $0.67, which beat the estimate of $0.58. Revenue of $1,190,000,000 declined by 23.32% year over year, which beat the estimate of $1,170,000,000.
  • Seagate Technology plc (NASDAQ:STX) provides data storage technology and solutions. Seagate Tech reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share fell 9.71% year over year to $0.93, which beat the estimate of $0.88. Revenue of $2,314,000,000 decreased by 10.24% from the same period last year, which missed the estimate of $2,340,000,000.
  • SVB Financial Group (NASDAQ:SIVB) is a diversified financial services company. SVB Financial Group reported its third-quarter earnings after the market closed on Thursday.
  • VeriSign, Inc. (NASDAQ:VRSN) provides domain name registry services and Internet infrastructure that enables Internet navigation. VeriSign reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share were down 5.88% over the past year to $1.28, which beat the estimate of $1.25. Revenue of $317,879,000 higher by 3.07% from the same period last year, which beat the estimate of $316,140,000.
  • Vicor Corporation (NASDAQ:VICR) designs, develops, manufactures, and markets modular power components and power systems for converting electrical power. Vicor reported its third-quarter earnings after the market closed on Thursday.
    • Earnings per share fell 7.14% year over year to $0.13, which beat the estimate of $0.08. Revenue of $78,112,000 up by 10.37% year over year, which beat the estimate of $73,700,000.
  • Western Alliance Bancorporation (NYSE:WAL) operates as the holding company for Western Alliance Bank. Western Alliance reported its third-quarter earnings after the market closed on Thursday.


Looking ahead, next week kicks off with the Chicago Fed national activity index as well as new home sales data for September set to be released on Monday. On the earnings docket for Monday will be Beyond Meat (BYND), Chegg (CHGG), HCA (HCA), and Twilio (TWLO). Investors have a great deal to look forward to this coming pre-election week in addition to it being the middle of earnings season, with consumer data, housing data, and gross domestic product (GDP) all due out. 

Remember, all earnings and economic dates listed here are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Published on Oct 22, 2020 at 2:21 PM
  • The Week Ahead

Investors have a great deal to look forward to this coming pre-election week, with consumer data, housing data, and gross domestic product (GDP) all due out. Of course, there will be plenty of important earnings to pay attention to, with coronavirus vaccine candidates Eli Lilly (LLY), Gilead (GILD), Pfizer (PFE), and Moderna (MRNA) all announcing their quarterly reports.

Tech names Twitter (TWTR), Microsoft (MSFT) and Facebook (FB) will step into the quarterly confessional, as well as plenty of blue-chip names reporting earnings throughout the week. Considering the still unresolved second stimulus drama, its shaping up to be a wild week leading up to the 2020 U.S. presidential election.

Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, October 26 starts the week off with the Chicago Fed national activity index as well as new home sales data for September. On the earnings docket will be Beyond Meat (BYND), Chegg (CHGG), HCA (HCA), and Twilio (TWLO).

On Tuesday, October 27, it gets busier with data on durable goods orders and core capital goods orders, as well as the Case-Shiller national home index and Consumer confidence index. Meanwhile, 3M (MMM), Caterpillar (CAT), Eli LillyEnphase Energy (ENPH), First Solar (FSLR), JetBlue Airways (JBLU), Microsoft, Pfizer, and Raytheon Technologies (RTX) will all report earnings.

By Wednesday, October 28, trade balance data is on tap, with earnings from Amgen (AMGN), Boeing (BA), eBay (EBAY), Etsy (ETSY), Fiverr (FVRR), Ford (F), Gilead Sciences, Sony (SNE), Teladoc (TDOC), and UPS (UPS) slated for release.

Thursday, October 29, will bring initial and continuous jobless claims, gross domestic product (GDP), and pending home sales. Also, Comcast (CMCSA), Facebook, Moderna, Shopify (SHOP), Starbucks (SBUX), and Twitter will step into the earnings confessional.

And finally on Friday, October 30, consumer spending data and the employment cost data and will be released, with earnings from Abbvie (ABBV), Exxon Mobile (XOM), and Honeywell (HON). 

Published on Oct 22, 2020 at 1:11 PM
  • Quantitative Analysis

The shares of DocuSign Inc (NASDAQ:DOCU) are down 2.6% at $212.46 at last check. And while the technology giant has cooled off from its Sept. 2 all-time-high of $290.23, the security still sports an impressive 240% year-over-year lead. Plus, the stock's latest pullback has it near a historically bullish trendline, which could help DOCU regain strength in the coming weeks. 

More specifically, DocuSign stock just came within one standard deviation of its 80-day moving average, after spending the last several weeks above the trendline. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, five similar signals have occurred during the past three years. More often than not, the security enjoyed positive returns one month after each signal, averaging a 11.9% gain. From the stock's current perch, a move of similar magnitude would put DOCU just above $237 -- closer to its previous peak.

DOCU 80 Day

For those wanting to weigh in on DocuSign stock's next move higher, options may be the way to go. The stock's Schaeffer's Volatility Index (SVI) of 55% sits higher than just 21% of readings in its annual range, suggesting short-term options are pricing in relatively low volatility expectations.
Published on Oct 21, 2020 at 9:45 AM
Updated on Oct 22, 2020 at 12:08 PM
  • Analyst Update
 
Published on Oct 22, 2020 at 11:23 AM
  • Intraday Option Activity
  • Buzz Stocks
 
Published on Oct 22, 2020 at 10:33 AM
Updated on Oct 22, 2020 at 10:41 AM
  • Intraday Option Activity
  • Editor's Pick
  • Buzz Stocks
Today, options players are piling on from both sides of the fence. In the first hour of trading, over 178,000 calls and 115,000 puts have exchanged hands -- double the intraday average and volume pacing in the 99th percentile of the last 12 months. 

Begin the New Year With Schaeffer's 7 FREE 2022 Stock Picks!

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