Earnings Season Highlights

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A collection of noteworthy post-earnings reactions

Published on May 12, 2021 at 11:46 AM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Volatility, Inflation Fears Drag Dow Lower

by Lillian Currens

Published on May 12, 2021 at 4:40 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Dow Drops to One-Month Low as Inflation Fears Grip Wall Street

by Fernanda Horner

Published on May 13, 2021 at 9:13 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Muted as Key Inflation Data Pours In

by Jake Scott

Stock futures are mostly muted this morning, following a tumultuous session that saw the Dow Jones Industrial Average (DJI) log its worst day since Jan. 29. Blue-chip index futures were last seen just above breakeven, after key inflation data poured in. According to the U.S. Bureau of Labor Statistics, the Producer Price Index (PPI) rose 0.6% in April, bringing its year-over-year rise to 6.2% -- its largest recorded increase. Meanwhile, S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are in the black, the latter particularly so after investors moved to buy tech stocks that have been dented over the week.

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

Is GameStop stock ready to jump once again?
A bullish signal could send AR higher.
Plus, Alibaba stock dips on earnings whiff; SONO boosts full-year guidance; and more on Boeing's 737 Max jet drama.

OVFuturesMay13

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.3 million call contracts traded on Wednesday, and 838,370 put contracts. The single-session equity put/call ratio rose to 0.63 and the 21-day moving average rose to 0.50.
Alibaba Group Holding Ltd - ADR (NYSE:BABA) is down 3.3% in electronic trading, after the Chinese e-commerce giant reported fiscal fourth-quarter earnings that fell short of forecasts. And while revenue was slightly higher than analysts expected, the company is still reeling from a $2.8 billion fine it received after an anti-monopoly investigation. Alibaba did give an upbeat 2022 revenue forecast, and is off just 5.5% in 2021.
Audio equipment manufacturer Sonos Inc (NASDAQ:SONO) stepped into the earnings confessional,announcing fiscal second-quarter earnings and revenue that beat Wall Street's estimates. In addition, the company raised its full-year guidance, saying it was confident it could brush off the global chip shortage and meet demand. SONO was last seen up 13.2% pre-market, and year-over-year boasts a respectable 231.5% lead.
The shares of Boeing Co (NYSE:BA) is up 1% before the open, as the jet liner manufacture continues to deal with the fallout from two fatal crashes involving its 737 Max jet. Today, however, the company received Federal Aviation Administration (FAA) approval for its proposed fix to the jet's electrical systems, and said it would take just one or two days to implement. The equity so far this year has tacked on 3.1%.
More initial and continuing jobless claims data are due out on today, which should keep investors on the edge of their seats.

OV Buzz May 13

Asian Stocks Fall on U.S. Inflation Data

Asian markets were substantially lower on Thursday, after stateside inflation data stoked fears that higher interest rates may be on the horizon. Investors are also digesting e-commerce giant Alibaba’s (BABA) full-year fiscal report. Pacing the laggards was Japan’s Nikkei, which fell 2.5% -- thanks to a 7% bear gap from Softbank -- followed by an 1.8% drop from Hong Kong’s Hang Seng. South Korea’s Kospi also logged a steep 1.3% decline, while China’s Shanghai Composite shaved roughly 1%.

European markets are falling as well, as investors digest the concerning inflation data and mixed corporate earnings reports from Burberry, BT Group and Telefonica. In response, London’s FTSE 100 was last seen down 1.7%, the German DAX is down 0.9%, and France’s CAC 40 has shed 0.8%.

Published on May 13, 2021 at 12:02 PM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Stocks Staging Big Rebound From Wednesday's Rout

by Lillian Currens

Published on May 13, 2021 at 4:33 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Stocks Bounce Back as Investors Buy Beaten-Up Tech

by Fernanda Horner

Published on May 14, 2021 at 9:09 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Climb on Tech Rebound

by Jake Scott

Stock futures are poised to start the day with modest gains, as Wall Street looks to keep chipping away at losses from earlier in the week. Futures on the Dow Jones Industrial Average (DJI) were last seen 114 points higher, though the blue-chip index is still off 2.2% for the week. Investors are poring over U.S. retail sales data that came in this morning, showing sales were unchanged in April --lower than the estimated 1% rise and a far cry from the 10% surge seen in March. Meanwhile, S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are trading considerably higher, with the tech sector poised to resume its rally.

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

Why Expedia stock is a top pick for the summer.
Five common hedging strategies to keep in mind.
Plus, Walt Disney's disappointing earnings report; SNOW upgraded; and Airbnb surviving the pandemic.

Futures Chart May 14

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.4 million call contracts traded on Thursday, and 896,200 put contracts. The single-session equity put/call ratio stayed at 0.63 and the 21-day moving average rose to 0.51.
Walt Disney Co (NYSE:DIS) is down 4% in electronic trading, after the entertainment giant's Disney+ streaming service failed to see the growth analysts expected. In addition, revenue fell short of Wall Street's forecasts, though earnings of 79 cents per share were much better than expected. Today's negative price action will put DIS further below its year-to-date breakeven level.
Cloud computing company Snowflake Inc (NYSE:SNOW) was upgraded by Goldman Sachs this morning to "buy" from "neutral," with the brokerage firm noting the equity's recent dip from recent highs as an intriguing entry point. Now up 5.1% ahead of the bell, Snowflake stock has a ways to go to scrub its 33.1% year-to-date deficit.
The shares of Airbnb Inc (NASDAQ:ABNB) is down 0.9% before the open, after the company reported first-quarter losses. Revenue, however, was above estimates, as easing travel restrictions and an uptick in vaccinations bolstered the company's gross bookings. The security still has a stiff 7.5% 2021 deficit to overcome.
Today will feature the import price index and industrial production. Consumer sentiment, business inventories, and capacity utilization reports are also slated for release.

OV Buzz May 14

Stocks in Asia Jump on Wall Street's Rebound

Asian markets were higher to close out the week, taking cues from Wall Street’s overnight rebound. Investors were also keeping an eye on Covid-19 developments in Singapore, after local authorities said an air travel bubble with Hong Kong would not start as soon as anticipated, and new restrictions would be implemented due to a surge in infections. Leading the gainers was Japan’s Nikkei, which added 2.3%, followed by a 1.8% pop from China’s Shanghai Composite. Elsewhere, Hong Kong’s Hang Seng was 1.1% higher, despite a disappointing full-year fiscal report from e-commerce giant Alibaba (BABA), while South Korea’s Kospi added 1%.

European markets are also higher, mirroring their global counterparts. However, U.K. Prime Minister Boris Johnson expressed worries over the transmissibility of the coronavirus variant identified in India. At last check, France’s CAC 40 was last seen up 0.9%, while London’s FTSE 100 and the German DAX are both up 0.7%.

Published on May 14, 2021 at 11:49 AM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Eyes Strong Close to Volatile Week With Triple-Digit Pop

by Lillian Currens

Published on May 14, 2021 at 4:33 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Major Indexes Log Weekly Losses Despite Strong Finish

by Fernanda Horner

Published on May 17, 2021 at 9:03 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Fall With More Selling Likely on the Horizon

by Jake Scott

Stock futures are lower to start the week, hinting at investors' skittishness following last week's inflation-based selloff that could result in more selling ahead. At last check, futures on the Dow Jones Industrial Average (DJI) were over 150 points lower, fresh off of one of Wall Street's wildest weeks that saw all three major benchmarks log substantial weekly losses. Meanwhile, S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are swimming in red ink, amid a mixed Big Tech pre-market performance.

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

TTWO could level up on an upbeat quarterly report.
Wall Street tuned into Coinbase Global's earnings debut.
Plus, more on the major AT&T and Discovery merger; At Home's possible sale; and Tesla's continuing crypto buzz.

Futures Chart May 17

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.5 million call contracts traded on Friday, and 847,050 put contracts. The single-session equity put/call ratio fell to 0.54 and the 21-day moving average stayed at 0.51.
AT&T Inc. (NYSE:T) is up 3.4% in electronic trading, and Discovery Communications Inc. (NASDAQ:DISCA) is up a whopping 12.6%, after the two companies announced a deal to merge with the former's WarnerMedia unit. The goal of the merger is to create a viable contender to major streaming services like Netflix (NFLX) and Walt Disney (DIS). In 2021, T has added 12.1%, while DSCA is up 18.5%.
Home furnishing retailer At Home Group Inc's (NYSE:HOME) largest shareholder announced it will object to a proposed $2.4 billion sale of At Home to Hellman & Friedman. The shareholder, CAS Investment Partners, said in a letter that the bid "grossly undervalues" At Home. That complaint could hold a decent amount of merit, as HOME has added an incredible 1,239.5% year-over-year. HOME is up 2% in electronic trading.
The shares of Tesla (NASDAQ:TSLA) are down 1.8% before the open, after CEO Elon Musk confirmed the company has not sold any bitcoin, despite announcing the company will no longer accept the cryptocurrency as a form of payment for car purchases. Struggling on the year, TSLA is down 16.4% in 2021.
Today's economic slate shows investors will digest brings the Empire State Manufacturing Index, alongside the National Association of Home Builders (NAHB) index.

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Inflation Fears Impact European Markets

Asian markets were mixed on Monday, on the heels of additional Covid-19 restrictions in Taiwan, as well as fresh economic data out of China. More specifically, China’s industrial output added an expected 9.8% year-over-year for April, while retail sales missed estimates with a 17.7% rise. Nonetheless, China’s Shanghai Composite rose 0.8%, followed by Hong Kong’s Hang Seng’s 0.6% pop. Elsewhere, Japan’s Nikkei shaved 0.9%, while South Korea’s Kospi fell 0.6%.

European markets are mostly lower, on the other hand, as inflation fears and India’s Covid-19 situation continue to weigh down on investor sentiment. However, the U.K. is easing its lockdown measures, with pubs, restaurants, museums, and cinemas set to reopen today. Investors are also keeping an eye on Bitcoin, after Tesla’s Elon Musk said the company has not sold the cryptocurrency. At last check, London’s FTSE 100 is down 0.7%, France’s CAC 40 has shaved 0.6%, and the German DAX is carrying a 0.4% loss.

Published on May 17, 2021 at 12:03 PM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Struggling Big Tech Puts More Pressure on Markets

by Lillian Currens

Published on May 17, 2021 at 4:32 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Inflation Fears Maintain Tight Grip on Wall Street

by Fernanda Horner

Published on May 18, 2021 at 9:00 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Pop on Earnings, Rebound in Tech

by Jake Scott

Despite earnings season winding down, another round of upbeat quarterly reports is giving stock futures a much needed bump. Futures on the Dow Jones Industrial Average (DJI) were up around 40 points, after a stellar first-quarter beat from blue-chip component Home Depot (HD) and other notable names. Elsewhere, S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are firmly in the black, boosted by a rebound in major tech stocks, which dragged the market down in the previous session. Inflation angst has weighed on the sector of late, but looking ahead, tomorrow's Federal Reserve meeting minutes could shed some light on the thinking of policymakers regarding the matter.

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

Despite a dismal start 2021, TSLA could stage a comeback.
Options bulls have been targeting Alibaba stock.
Plus, Macy's raises its full-year forecast; HD pops on top- and bottom-line beats; and one mega retailer's first-quarter win.

Futures Chart May 18

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.3 million call contracts traded on Monday, and 742,463 put contracts. The single-session equity put/call ratio rose to 0.55 and the 21-day moving average stayed at 0.51.
Macy's Inc (NYSE:M) is up 5.9% before the open, after the company entered the earnings confessional, reporting first-quarter earnings and revenue that beat Wall Street's forecasts. In addition, Macy's reported a 60% pop in comparable-store sales, all leading to a raised full-year forecast. Year-over-year, M is up 70.3%.
Home improvement retailer Home Depot Inc (NYSE:HD) also reported first-quarter top- and bottom-line beats. The company chimed in with earnings of $3.86 on revenue of $37.5 billion, though it did not release an outlook for fiscal 2021. A 31% rise in comparable-store sales was also above expectations, and today's 2.2% premarket pop is adding to the equity's 20.5% 2021 lead.
The shares of Walmart Inc (NASDAQ:WMT) are up 3.7% in electronic trading, after the company raised its second-quarter and full-year outlook in response to an upbeat first-quarter. Walmart reported earnings and revenue that beat analysts' projects, as well as a jump in U.S. comparable-store sales, driven by grocery and e-commerce growth. Today's positive price action should help WMT work its way back toward its year-to-date breakeven mark, as the security is down 3.7% this year.
Today is relatively quiet, though investors still have the latest round of building permits and housing starts data to look forward to.

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European Markets Rise on Easing Inflation Fears

Asian markets were higher on Tuesday, as stocks in Taiwan registered outsized gains. Meanwhile, fresh data showed Japan’s economy shrank at an annualized rate of 5.1% from January to March, while its gross domestic product (GDP) missed analysts’ expectations with a 1.3% quarter-on-quarter drop. Nonetheless, Japan’s Nikkei led the gainers with a 2.1% pop, followed by Hong Kong’s Hang Seng, which added 1.4%. Elsewhere, South Korea’s Kospi rose 1.2%, and China’s Shanghai Composite was 0.3% higher.

European markets are higher as well, as investor sentiment turns positive amid easing inflation fears. As far as economic data, the euro zone GDP registered an anticipated 0.6% drop in the first quarter, while employment fell 0.3%. In other news, traders are also keeping an eye on corporate earnings reports from Engie, Imperial Brands, and Vodafone. In response, London’s FTSE 100 was last seen up 0.4%, the German DAX is up 0.2%, and France’s CAC 40 has added 0.1%.