Earnings Season Highlights

Refresh your browser for the latest updates!
A collection of noteworthy post-earnings reactions
Published on Oct 14, 2021 at 8:00 AM
  • The Week Ahead

Investors will be eyeing plenty of economic data in mid October, as fall seasonality continues. With earnings season in full swing, some of the notable names on tap will be American Airlines (AAL), American Express (AXP), Fifth Third (FITB), IBM (IBM), Johnson & Johnson (JNJ), Netflix (NFLX), Procter & Gamble (PG), Tesla (TSLA),  United Airlines (UAL), and Verizon (VZ). 

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, Oct. 18, will start the week off with industrial production data and data from the National Association of Home Builders index (NAHB).

Tuesday, Oct. 19, will bring building permits and housing starts. 

On Wednesday, Oct. 20, the Federal Reserve's beige book report is due out.

Initial and continuing jobless claims are due out on Thursday, Oct. 21, as well as the Philadelphia Fed manufacturing index, existing home sales, and leading economic indicators. 

Friday, Oct. 22 features the Markit manufacturing purchasing managers' index (PMI) and the Markit services PMI. 

Published on Oct 14, 2021 at 7:33 AM
Updated on Oct 14, 2021 at 7:36 AM
  • Buzz Stocks

Today's Stock Market News & Events: 10/14/2021

by Schaeffer's Digital Content Team

The usual initial and continuing jobless claims are due out today, as well as the producer price index (PPI) and core PPI. 

The following corporate earnings announcements are expected today, October 14:

Bank of America Corp. (NYSE:BAC -- $43.14) provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Bank of America will report its Q3 earnings of 2021 before the bell today. 

Citigroup Inc. (NYSE:C -- $70.26) provides various financial products and services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. Citigroup will report its Q3 earnings of 2021 before the bell today.

Commercial Metals Co. (NYSE:CMC -- $32.49) manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, Germany, and internationally. Commercial Metals will report its Q4 earnings of 2021 before the bell today.

Domino's Pizza Inc. (NYSE:DPZ -- $476.28) operates as a pizza company in the United States and internationally. Domino's Pizza will report its Q3 earnings of 2021 before the bell today.

Morgan Stanley (NYSE:MS -- $98.57) provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. Morgan Stanley will report its Q3 earnings of 2021 before the bell today.

The Progressive Corp. (NYSE:PGR -- $90.82) provides personal and commercial auto, personal residential and commercial property, general liability, and other specialty property-casualty insurance products and related services in the United States. Progressive will report its Q3 earnings of 2021 before the bell today.

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM -- $109.98) manufactures and sells integrated circuits and semiconductors. Taiwan Semiconductor will report its Q3 earnings of 2021 before the bell today.

U.S. Bancorp. (NYSE:USB -- $61.46) provides various financial services in the United States. U.S. Bancorp will report its Q3 earnings of 2021 before the bell today.

UnitedHealth Group Inc. (NYSE:UNH -- $403.55) operates as a diversified health care company in the United States. UnitedHealth will report its Q3 earnings of 2021 before the bell today.

Walgreens Boots Alliance Inc. (NASDAQ:WBA -- $47.26) operates as a pharmacy-led health and beauty retail company. Walgreens Boots Alliance will report its Q4 earnings of 2021 before the bell today.

Wells Fargo & Co. (NYSE:WFC -- $46.05) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. Wells Fargo will report its Q3 earnings of 2021 before the bell today.

Alcoa Corp. (NYSE:AA -- $48.40) produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. Alcoa will report its Q3 earnings of 2021 after the market closes today.

Duck Creek Technologies Inc. (NASDAQ:DCT -- $45.59) provides software-as-a-service core systems to the property and casualty insurance industry in North America. Duck Creek Technologies will report its Q4 earnings of 2021 after the market closes today.

Washington Federal Inc. (NASDAQ:WAFD -- $34.73) operates as the bank holding company for Washington Federal Bank, National Association that provides lending, depository, insurance, and other banking services in the United States. Washington Federal will report its Q3 earnings of 2021 after the market closes today.

Looking ahead to tomorrow, Friday will feature retail sales, core retail sales, the import price index, the Empire State manufacturing index, the consumer sentiment index, and business inventories. 

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

Published on Oct 13, 2021 at 4:30 PM
  • Market Recap

`    
Published on Oct 13, 2021 at 2:52 PM
Updated on Oct 13, 2021 at 2:53 PM
  • Buzz Stocks
  • Earnings Preview

Shorts Pile on Omnicom Stock Before Earnings

by Schaeffer's Digital Content Team
 
Published on Oct 13, 2021 at 2:31 PM
Updated on Oct 13, 2021 at 2:52 PM
  • Buzz Stocks
 
Published on Oct 13, 2021 at 2:34 PM
  • Buzz Stocks

Special Report: Two Housing Stocks to Sell Now

by Schaeffer's Digital Content Team
 
Published on Oct 13, 2021 at 2:19 PM
  • Earnings Preview

Pharmaceutical giant Johnson & Johnson (NYSE:JNJ) is in the spotlight today, after the U.S. Food and Drug Administration (FDA) struck a more favorable tone regarding the company's Covid-19 vaccine booster shot, just a few days before an FDA advisory panel is set to vote on whether the data submitted by Johnson & Johnson supports the need for a booster. This also comes ahead of the firm's third-quarter earnings report, which is due out before the open on Tuesday, Oct. 19. Below we will take a look at how JNJ has been faring on the charts, and see what the options market is pricing in for its post-earnings moves. 

Johnson & Johnson stock was last seen moving higher, up 1.1% at $159.48 at last check. This bodes well for the equity, as the 20-day moving average has pushed JNJ past its year-to-date breakeven level in recent sessions. The security now sports a roughly 1% lead in 2021, one day removed from its first close below the 320-day moving average since November 2020.

JNJ Chart October 13

Moving onto JNJ's earnings history, the blue chip has closed higher the day after reporting in six of its past eight earnings, including next-day pops following its last three reports. Over the past two years, the shares have swung an average of 1.9% the day after earnings, regardless of direction. This time around, the options market is pricing in a slightly larger, 3.7% swing for tomorrow's trading. 

Analyst sentiment surrounding Johnson & Johnson stock is overwhelmingly bullish. Of the 10 analysts in coverage, all but three consider it a “buy” or better. Plus, the 12-month consensus target price of $188.88 is an 18.4% premium to current levels. 

Published on Oct 13, 2021 at 12:10 PM
  • Ezines
  • Midday Market Check
 
Published on Oct 13, 2021 at 11:49 AM
  • Buzz Stocks
  • Earnings Preview

PNC Stock Nabs Fresh All-Time High Ahead of Earnings

by Schaeffer's Digital Content Team
 
Published on Oct 13, 2021 at 11:21 AM
  • Buzz Stocks

Is This Streaming Stock Just Getting Started?

by Schaeffer's Digital Content Team
 
Published on Oct 13, 2021 at 10:41 AM
  • Intraday Option Activity
  • Buzz Stocks
 
Published on Oct 13, 2021 at 10:41 AM
  • Buzz Stocks
So far today, 63,000 calls and 28,000 puts have crossed the tape, which is three times the intraday average. Most popular is the October 165 call, followed by the 160 put in the same series, both of which expire at the close on Friday.

Trader: Sell These 8 Stocks in 2021

1633101108

 
Special Offers from Schaeffer's Trading Partners


MORE | MARKETstories


Forecast Stock Trends up to 72 Hours in Advance
The best way to understand the power of VantagePoint’s Artificial Intelligence is to experience it in action. Learn how you could leverage the power of AI in your trading.
Wall Street Heads Towards Winning Week Despite Fall Volatility
Weekly jobless claims fell to their lowest level since the beginning of the pandemic
Alcoa Stock Surges After Earnings, Share Repurchase Program
Alcoa posted better-than-expected third-quarter earnings and revenue
Forecast Stock Trends up to 72 Hours in Advance
The best way to understand the power of VantagePoint’s Artificial Intelligence is to experience it in action. Learn how you could leverage the power of AI in your trading.