Earnings Season Highlights

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A collection of noteworthy post-earnings reactions

Published on Sep 1, 2021 at 4:26 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Nasdaq Nabs Record Close to Start September

by Laura McCandless

Published on Sep 2, 2021 at 9:06 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Pop After Upbeat Jobless Claims

by Jake Scott

Stock futures are signaling a higher open today, as Wall Street mulls over the latest jobs data before the holiday weekend. Weekly jobless claims came in at 340,000, their lowest level since March 2020 and better than the 345,000 expectations from analysts. At last check, futures on the Dow Jones Industrial Average (DJI) are up around 60 points, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are higher as well, with the latter coming off a record close.

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

Beware of this retail stock in September.
Mixed signals for Brady stock ahead of earnings.
Plus, Chewy stock eyes bear gap; Hormel brushes off earnings beat; and Five Below stock dented.

Futures Chart September 2

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.9 million call contracts traded on Wednesday, compared to 853,514 put contracts. The single-session equity put/call ratio fell to 0.45 and the 21-day moving average stayed at 0.52.
Chewy Inc (NYSE:CHWY) stock is plummeting in electronic trading, last seen down 9.5% in electronic trading. The pet producer retailer reported wider-than-expected losses and lackluster revenue in its third-quarter earnings report, and chalked the dismal results up to high levels of out-of-stock products. In response, Chewy issued an outlook that was weaker than analysts anticipated. Heading into today, Chewy stock was battling its year-to-date breakeven level.
The shares of Hormel Foods Corp (NYSE:HRL) are down 1.1% before the open, after the food producer reported third quarter earnings that lined up with Wall Street's estimates, alongside revenue that was higher than expectations. Instead, a weaker-than-expected full-year outlook is weighing on the stock. Longer term, HRL is down 9.9% year-over-year.
Five Below Inc (NASDAQ:FIVE) stock is plunging on the charts, down 8.4% ahead of the open, despite the discount retailer's quarterly earnings beat. The catalyst for today's dip seems to be revenue that was shy of forecasts, as well as withheld full-year guidance. This negative price action will put a dent in Five Below stock's 88.8% year-over-year lead.
Today, investors will see trade balance data and factory orders. Revised capital goods orders, as well as productivity and unit labor costs data are also on the calendar.

OV Buzz Chart Sept 2

Investors in Asia React to Ridesharing Probe

Markets in Asia were mostly higher today, with the exception of the South Korean Kospi, which finished with a 1% loss. Japan's Nikkei added 0.3%, Hong Kong's Hang Seng rose 0.2%, and China's Shanghai Composite tacked on 0.8%. Investors focused on a meeting between Chinese regulators and 11 ridesharing companies, including Didi (DIDI), about their illegal behavior.

Over in Europe, markets are fairly muted midday, as investors eye upcoming jobs data out of the U.S. London's FTSE 100 is down 0.1%, the French CAC 40 is off 0.06%, and the German DAX is up 0.01%.

Published on Sep 2, 2021 at 12:02 PM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Up Triple Digits, Poised to Snap Three-Day Skid

by Lillian Currens

Published on Sep 7, 2021 at 9:25 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Muted as Investors Digest Economic Recovery Outlook

by Jake Scott

Stock futures are pointing toward a muted open, with Wall Street's concerns surrounding the Delta variant's impact on economic recovery weighing on sentiment; especially following Friday's dismal August jobs report. In fact, Goldman Sachs (GS) downgraded its economic outlook this weekend, slashing its annual growth and fourth-quarter gross domestic product (GDP) outlook estimates. At last check, futures on the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq-100 Index (NDX) are all just below breakeven. Meanwhile, gold futures are looking to log their sharpest daily fall in nearly a month, thanks to the strengthening U.S. dollar and rising Treasury yields.

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

Schaeffer's V.P. of Research Todd Salamone addresses the seasonally weak period for stocks.
Breaking down the delta of an option.
Plus, JD.com's c-suite shakeup; Boeing's billion-dollar bluster; and a fresh upgrade for Spotify stock.

Futures Chart September 7

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.8 million call contracts traded on Friday, compared to 904,697 put contracts. The single-session equity put/call ratio rose to 0.50 and the 21-day moving average stayed at 0.52.
JD.Com Inc (NASDAQ:JD) announced a new president. Xu Lei, current CEO of JD Retail, will assume the day-to-day operations of JD.Com, after the company's founder and CEO Richard Liu decided to step back from such duties. JD was last seen moving higher, up 1.7% in electronic trading, which brings the stock closer to overcoming its 9% year-to-date deficit.
The shares of Boeing Co (NYSE:BA) are 0.7% lower ahead of the open, after a multi-billion dollar deal fell through. Specifically, one of Boeing's biggest customers, Ryanair, said it ceased talks to buy tens of billions of dollars worth of 737 MAX 10 jets, in response to a pricing dispute. Boeing stock has shed 12.7% over the last three months, closing the gap on its 1.9% year-to-date lead.
Music streaming staple Spotify Technology SA (NYSE:SPOT) stock is popping, up 4.2% before the market's open, after KeyBanc upgraded the equity to "overweight" from "equal weight," with the firm citing Spotify's impressive user base growth. However, Spotify stock still has a ways to go to fix the 20.9% deficit it's amassed in 2021.
Things start of slow, as no economic data is slated for release today.

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Chinese Stocks Boosted by Hong Kong's Quarantine-Free Decision

Markets in Asia were mostly higher today, with the exception of the South Korean Kospi, which ended the day with a 0.5% loss. Hong Kong's Hang Seng rose 0.7%, as retail stocks jumped after it as was announced that Hong Kong will allow quarantine-free admittance to mainland visitors starting Sept. 15. Elsewhere, China's Shanghai Composite added 1.5%, amid economic data showing the country’s exports rose a better-than-expected 25.6% year-over-year in August. Meanwhile, Japan's Nikkei tacked on 0.9%.

Over in Europe, markets are mostly lower, as investors await Thursday's European Central Bank (ECB) meeting. According to Germany's ZEW survey, economic sentiment dropped to 26.5 in September from the previous month's 40.4, and the German DAX is down 0.08% at midday. Meanwhile, the French CAC 40 is up just 0.02%, while London's FTSE 100 is 0.2% lower.

Published on Sep 7, 2021 at 12:20 PM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Drops Triple Digits as Economic Sentiment Sours

by Lillian Currens

Published on Sep 7, 2021 at 4:31 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Major Indexes Close Mixed to Start Labor Day Week

by Laura McCandless

Published on Sep 8, 2021 at 9:22 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Quiet as Investors Reassess Growth Outlook

by Jake Scott

Stock futures are flat this morning, as Wall Street weighs the economic growth outlook with the Delta variant, amid a year of outsized gains from major benchmarks. September has historically proven to be one of the weakest months for the markets, leaving investors to brace for volatile trading. Futures on the Dow Jones Industrial Average (DJI) are pointing around 56 points lower, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are hovering closer toward breakeven.

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

Schaeffer's Senior Quantitative Analyst Rocky White unpacks stock and cash allocation.
Reddit darling GameStop gears up for earnings.
Plus, the SEC targeting Coinbase; Tesla sales jump in China; and PayPal's big acquisition news.

Futures Chart September 8

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.8 million call contracts traded on Tuesday, compared to 791,544 put contracts. The single-session equity put/call ratio rose to 0.43 and the 21-day moving average stayed at 0.52.
Coinbase Global Inc (NASDAQ:COIN) just disclosed that it received a Wells notice from the U.S. Securities and Exchange Commission (SEC). The SEC plans to sue the cryptocurrency exchange and service firm over its product, Coinbase Lend, an interest-earning product that Coinbase intended to launch in the coming weeks. COIN is down 3% in electronic trading, cutting into the 20.9% lead the shares accumulated over the last three months.
Electric vehicle maker Tesla Inc (NASDAQ:TSLA) is up 1.1% ahead of the open, after data revealed the company's sales surged in China last month. For August, Tesla sold 12,885 cars manufactured in China, up sharply from July's 8,621. Tesla stock boasts an 80% year-to-date rise, while pacing for a four month win streak.
The shares of PayPal Holdings Inc (NASDAQ:PYPL) were up 1.4% before the open, following news that the digital payments platform has plans to acquire Paidy, a Japanese buy-now-pay-later company. The deal is reportedly worth $2.7 billion. PayPal stock is up 25% going into today.
Today, job openings data are due out. In addition, the Federal Reserve will release its latest beige book report.

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European Investors Await Tomorrow's ECB Meeting

Markets in Asia were a mixed bag today. Japan’s Nikkei tacked on 0.9%, after the country’s economy reported 1.9% annualized growth last quarter, surpassing the 1.3% estimate. On the other end of the spectrum, South Korea’s Kospi gave back 0.8%, while Hong Kong’s Hang Seng and China’s Shanghai Composite fell 0.1% and 0.04%, respectively.

Over in Europe, stocks are pointed lower ahead of the European Central Bank (ECB) meeting tomorrow. At last check, London’s FTSE 100 and the French CAC 40 are 0.5% lower, and the German DAX is off by 1%, the latter weighed down by Siemens Energy.

Published on Sep 8, 2021 at 11:50 AM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Keeps Tumbling as "Fear Gauge" Climbs

by Lillian Currens

Published on Sep 13, 2021 at 11:52 AM

Updated on Mar 9, 2022 at 3:00 PM

Ezines
Midday Market Check

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Dow Set to Snap Skid, Eyes Best Day in a Month

by Lillian Currens

Published on Sep 13, 2021 at 4:28 PM

Updated on Mar 9, 2022 at 3:00 PM

Market Recap

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Dow Snaps 5-Day Losing Streak Amid Vaccine Buzz

by Fernanda Horner

Published on Sep 14, 2021 at 9:09 AM

Updated on Mar 9, 2022 at 3:00 PM

Opening View

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Stock Futures Rise Following Upbeat Inflation Data

by Jacob Scott

After initially struggling for direction, stock futures are turning higher this morning following the release of better-than-expected inflation data. According to the U.S. Labor Department, the consumer price index (CPI) rose 5.3% year-over-year, and 0.3% from July, both of which came in below Wall Street's expectations. In response, futures on the Dow Jones Industrial Average (DJI) are up triple digits, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are modestly higher as well.

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

Schaeffer's Senior V.P. of Research Todd Salamone revisits this key SPX channel.
Why call traders blitzed Carlyle stock yesterday.
Plus, unpacking Oracle's earnings; Apple's vaunted device reveal; and Piper Sandler reiterates its COIN rating.

Futures Chart September 14

5 Things You Need to Know Today

The Cboe Options Exchange (CBOE) saw more than 1.8 million call contracts traded on Monday, compared to 863,839 million put contracts. The single-session equity put/call ratio fell to 0.46 and the 21-day moving average stayed at 0.51.
Cloud concern Oracle Corporation (NYSE:ORCL) is down 3.1% before the open, despite the company reporting estimate-beating earnings of $1.03 per share. Revenue fell well short of forecasts though, as cloud computing competition continues to ramp up. Despite this, no less than four price-target hikes were dished out t ORCL following the event. Year-to-date, Oracle stock is up 37.4%.
The shares of Apple Inc (NYSE:AAPL) are up 0.2% in pre-market trading, ahead of its annual iPhone launch event. AirPods and Apple Watch updates are anticipated, as well as an iOS update that fixes a spyware flaw. Year-over-year, Apple stock is up 33.5%.
Piper Sandler reiterated its "overweight" rating on Coinbase Global Inc (NASDAQ:COIN), as the cryptocurrency exchange operator is experiencing a pullback on the charts. Though COIN is up 1.3% ahead of the opening bell, the stock has shed 12.8% in the last week, as cryptocurrencies like Bitcoin (BTC) continue to face increased volatile trading.
Today will also feature the National Federation of Independent Business' (NFIB) small-business index.

OV Buzz Sept 14

European Markets Lower as Investors Await Tapering Timeline

Asian markets were mixed on Tuesday, as investors awaited key U.S. consumer inflation data for August. Pacing the laggards was China’s Shanghai Composite, which fell 1.4%, followed by Hong Kong’s Hang Seng 1.2% loss, after Chinese real estate mogul Evergrande Group’s stock plummeted on a grim sales outlook. Elsewhere, South Korea’s Kospi and Japan’s Nikkei both added 0.7%.

European markets are lower, meanwhile, with the timeline of the Federal Reserve’s tapering of monetary stimulus potentially hanging in the balance. However, the European Central Bank said it will act swiftly if inflation continues to run hot. Also weighing on investor sentiment are the latest Brexit developments, with Britain threatening to suspend the Northern Ireland protocol. At last check, France’s CAC 40 has shaved off 0.7%, London’s FTSE 100 is down 0.5%, and the German DAX is 0.2% lower.

Published on Sep 14, 2021 at 11:59 AM

Updated on Mar 9, 2022 at 3:00 PM