Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Apr 23, 2021 at 9:22 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View
 
Published on Apr 23, 2021 at 12:18 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Apr 23, 2021 at 4:36 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Apr 26, 2021 at 9:20 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Stock futures are on mute this morning, as Wall Street gears up for a week jam-packed with Big Tech earnings and a Federal Open Market Committee (FOMC) meeting. As if that's not enough, more will be revealed about U.S. President Joe Biden's "American Families Plan," which will dedicate $1.8 trillion to national child care, paid family leave, and tuition-free community college.

Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) futures are marginally higher at last check, while Nasdaq-100 Index (NDX) futures are staring at modest losses. Meanwhile, Bitcoin (BTC) is bouncing back from its recent slump, though is still off roughly $10,000 from its early-April peak above $64,800. Elsewhere, durable goods orders increased by 0.5% in March, but fell short of the 2.2% projection from analysts.

Continue reading for more on today's market, including:

  • Why this overlooked bank stock may be a long-term winner.
  • We unveiled our first crypto stock roundup last week.
  • Plus, ETSY downgraded; unpacking Apple's expansion plans; and Johnson & Johnson's Covid-19 vaccine resumes.

OV Chart 0426

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.6 million call contracts traded on Friday, and 922,224 put contracts. The single-session equity put/call ratio rose to 0.55 and the 21-day moving average jumped to 0.47.
  2. Etsy Inc (NASDAQ:ETSY) stock is down 2% before the bell, after KeyBanc Capital Markets downgraded the e-tailer to "sector weight" from "overweight." The analyst in coverage said it is unlikely for the equity to see upbeat earnings revisions, despite its long-term growth outlook.
  3. Tech giant Apple Inc (NASDAQ AAPL) is slightly above breakeven ahead of the open. The company said it plans to expand in the U.S. by creating 20,000 new jobs in the next five years, investing $430 billion in areas such as semiconductors and  5G.
  4. The shares of Johnson & Johnson (NYSE:JNJ) are up 0.3% in electronic trading, after states resumed using its Covid-19 vaccine this weekend following a controversial pause over health concerns. JNJ is up 5% in 2021.
  5. The week starts off with durable and core capital goods orders.

Buzzapril26

European Markets Rise Amid Covid-19 Vaccine Drama

Stocks in Asia were mixed to start the week, as Covid-19 cases continue to rise in India. Among the winners, the South Korean Kospi had the best day with a 1% gain. Following, Japan's Nikkei added 0.4%. Elsewhere, China's Shanghai Composite and Hong Kong's Hang Seng fell 1% and 0.4%, respectively.

Meanwhile, European markets are inching higher midday, amid news that the European Union (EU) is seeking legal action against AstraZeneca (AZN) due to vaccine shortages. At last check, the German DAX is flat, after the Ifo Institute's business climate index showed the country's business sentiment rose less than expected. As investors await the start of another busy week of corporate earnings, London's FTSE 100 is up 0.2%, while the French CAC 40 rises 0.3%.

Published on Apr 26, 2021 at 12:25 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Apr 26, 2021 at 4:40 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Apr 27, 2021 at 9:03 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Futures on the Dow Jones Industrial Average (DJI) are cautiously higher this morning, as Wall Street prepares for the incoming wave of Big Tech earnings reports. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are pointed modestly higher as well, after both indexes notched record closes in the previous session. Among last night's earnings reports, investors are weighing Tesla's (TSLA) top-line beat with its premarket move lower. Elsewhere, the Federal Reserve's two-day policy meeting starts today, though the central bank is expected to keep its interest rates unchanged while inflation runs abound.

Continue reading for more on today's market, including:

  • Schaeffer's Senior V.P. of Research Todd Salamone reviews last week's key storylines.
  • This chip name got a boost ahead of earnings tonight.
  • Plus, Crocs' blowout quarterly win; more on TSLA; and GameStop wraps up million-dollar sale.

OV Chart 0427

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.4 million call contracts traded on Monday, and 468,796 put contracts. The single-session equity put/call ratio fell to 0.43 and the 21-day moving average stayed at 0.47.
  2. Crocs, Inc. (NASDAQ:CROX) stock is up 9.2% before the bell, after the apparel concern blew analysts' top and bottom line estimates out of the water. Plus, the company noted it expects revenue to grow between 40% and 50% this year. CROX is up 294% year-over-year.
  3. Electric vehicle name Tesla Inc (NASDAQ:TSLA) is down 1.8% ahead of the open, despite posting better-than-expected quarterly earnings and revenue. The house Elon Musk built attributed the strong results to automakers liquidating some bitcoin holdings, as well as environmental credit sales.
  4. The shares of GameStop Corp. (NYSE:GME) are up 9.7% in electronic trading, after the videogame concern successfully sold 3.5 million shares for about $551 million. The meme stock is up 3,441% in 2021.
  5. Today investors will be looking forward to the Case-Shiller year-over-year home price index, the consumer confidence index, and the home ownership rate.

buzzapril27

Asian Markets Drop Amid Rising Covid-19 Infections

Most markets in Asia fell lower today, amid rising global coronavirus cases, with Japan keeping many cities in a state of emergency to help prevent the spread. Japan's Nikkei fell 0.5% today, after the Bank of Japan (BoJ) announced its decision to keep its monetary policy steady, while also changing its core inflation forecast to 0.1% from 0.5% for the fiscal year of 2021. Meanwhile, Hong Kong's Hang Seng and the South Korean Kospi dropped 0.04% and 0.07%, respectively. The only winner, China's Shanghai Composite, added 0.4%.

In Europe, shares are following suit midday, as investors unpack a number of big-name earnings. At last check, London's FTSE 100 is down 0.2%, the French CAC 40 has dipped 0.07%, and the German DAX has lost 0.3%.

Published on Apr 27, 2021 at 12:19 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
 
Published on Apr 27, 2021 at 4:32 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  
Published on Apr 28, 2021 at 9:15 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View

Stock futures are indicating a lower open this morning, as Wall Street monitors the conclusion of the Federal Reserve's two-day policy meeting, sifts through a batch of Big Tech earnings, and awaits updates on U.S. President Joe Biden's $1.8 trillion plan geared towards families and children.

Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are staring at modest losses, while S&P 500 Index (SPX) futures are slightly below breakeven. Big tech earnings are in the spotlight, as investors pore over Alphabet (GOOGL) and Microsoft's (MSFT) corporate reports, with both Apple (AAPL) and Facebook (FB) reporting after the close.

Continue reading for more on today's market, including:

  • Schaeffer's Senior Quantitative Analyst Rocky White breaks down this summer adage.
  • Chart support captured LMT's latest pullback.
  • Plus, GOOGL's big day; international sales weigh on Starbucks; and more on Microsoft's earnings.

OV Chart 0428

5 Things You Need to Know Today

  1. The Cboe Options Exchange (CBOE) saw more than 1.4 million call contracts traded on Tuesday, and 721,220 put contracts. The single-session equity put/call ratio rose to 0.50 and the 21-day moving average stayed at 0.47.
  2. Alphabet Inc (NASDAQ:GOOGL) is up 5% before the bell, after the Google parent posted better-than-expected quarterly earnings as well as a revenue beat. The company also announced the buyback of $50 billion shares. GOOGL is up 31% in 2021.
  3. Coffee chain Starbucks Corporation (NASDAQ:TSLA) is down 1.9% ahead of the open, after a revenue miss overshadowed an earnings beat. The company said the lackluster quarterly results can be attributed to weak international sales, though sales in the U.S. are back to pre-pandemic levels.
  4. The shares of Microsoft Corporation (NASDAQ:MSFT) were last seen down 2.6% in electronic trading, despite the tech giant reporting quarterly earnings and revenue that was above Wall Street's estimates. The company said its expanding presence in cloud computing and business services have contributed to the strong results.
  5. The day features the latest interest rate decision, and Federal Reserve Chair Jerome Powell set to give a press conference at  2:30 p.m. ET immediately after. Separately, an advanced report on trade in goods is due out.

BuzzApril28

European Markets Higher as Investors Digest Earnings

Stocks in Asia were mostly higher today, with the exception of the South Korean Kospi, which finished with a 1.1% loss. Japan's Nikkei added 0.2%, after economic data showed the country's retail sales rose a better-than-expected 5.2% year-over-year in March. Elsewhere, Hong Kong's Hang Seng tacked on 0.5%, despite a Wall Street Journal report that Chinese authorities are investigating Alibaba’s (BABA) speedy approval for affiliate Ant Group’s stock listing last year. Lastly, China's Shanghai Composite ended 0.4% higher.

In Europe, shares are higher midday, as investors digest a pack of corporate earnings. The French CAC 40 is leading with a 0.6% gain, while London's FTSE 100 is close behind with a 0.5% rise, and the German DAX is up 0.4%.

Published on Apr 28, 2021 at 12:18 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Ezines
  • Midday Market Check
ig T 
Published on Apr 28, 2021 at 4:37 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
  

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