Earnings Season Highlights

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A collection of noteworthy post-earnings reactions
Published on Oct 7, 2021 at 4:29 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap

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Published on Dec 11, 2020 at 4:30 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
 
Published on Dec 14, 2020 at 9:26 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View
 
Published on Dec 14, 2020 at 11:59 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Midday Market Check

The Dow Jones Industrial Average (DJI) jumped to record highs, with investor sentiment boosted by COVID-19 vaccine optimism and hopes of lawmakers nearing an agreement on additional fiscal stimulus. At last check, the blue-chip index is up nearly 100 points, after Reuters reported that a bipartisan stimulus plan had a chance to be introduced as soon as today. To improve its chance of passing, the $908 billion plan would be split into two parts, with $748 billion going toward jobless and small business while another part would go toward the controversial measures including liability protections and state aid.

Elsewhere, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher as well, after the U.S. began shipping out doses of Pfizer (PFE) and BioNTech's (BNTX) coronavirus vaccine. Additionally, Moderna's (MRNA) vaccine candidate is slated to be assessed by the Food and Drug Administration (FDA) this week.

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

  • Tesla is set to join 2 new indexes on Friday.
  • How did AES' dividend news help the stock today?
  • Plus, Dropbox is seeing a surge in options volume; one financial stock that notched a bull note; and more on AMC's continuing struggles.

Midday Market Stats December 14

Dropbox Inc (NASDAQ:DBX) is one stock seeing a surge in options activity today, though the catalyst remains unclear. The equity was last seen up 4.5% to trade at $23.51, and so far today, 58,000 calls and 6,141 puts have already crossed the tape -- six times the intraday average and volume pacing in the 100th percentile of its annual range. Most popular by far is the December 24 call, followed by the 25 call from the same series, with new positions being opened at both. Longer term, Dropbox stock has tacked on 31% year-to-date.

Meanwhile, one stock surging on the New York Stock Exchange (NYSE) today is Silvergate Capital Corp (NYSE:SI), last seen up 9% at $43.00, after landing a price-target hike to $50 from $26 at Compass Point. In response, SI is now well on its way to recapture its Dec. 7 all-time high of $45.50, and year-over-year has added 168.3%.

At the other end of the NYSE, AMC Entertainment Holdings Inc (NYSE:AMC) is down 15.8% to trade at $3.30. The pandemic has been unkind to plenty of industries this year, and movie theaters are a big part of that group. AMC is off 55.4% in 2020, and following today's drop looks poised to face overhead pressure at its 20-day moving average.

AMC Chart December 14

Published on Dec 10, 2020 at 11:55 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Midday Market Check

Stocks are a mixed bag midday, with fiscal stimulus talks seemingly going nowhere while recently released data showed jobless claims rose more than Wall Street anticipated. The Dow Jones Industrial Average (DJI) is down around 40 points, the S&P 500 Index (SPX) is flat, while the Nasdaq Composite (IXIC) is modestly higher thanks to a tech sector rally.

As daily coronavirus deaths surpass 3,000 in the U.S., upcoming Christmas travel plans have become a hot-button issue, while all eyes are on the Food and Drug Administration's (FDA) meeting later today on the Pfizer-BioNTech vaccine. Elsewhere, the European Central Bank (ECB) voted to expand its stimulus program by 500 billion euros.

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

  • A $200 million SEC fine is spoiling GE's chances to soar.
  • Is now the right time to buy Spirit Airlines stock?
  • Plus, Starbucks calls flying off the shelves; new highs for Tenet Healthcare stock; and the cause for Fisker stock's plunge today.

Midday Market Stats December 10

One stock seeing notable options activity today is Starbucks Corporation (NYSE:SBUX), which was last seen up 4.4% to trade at $104.83, after the company predicted a strong 2021 rebound. So far today, 48,000 calls have already crossed the tape -- five times the intraday average and volume pacing in the 99th percentile of its annual range -- versus 13,000 puts. Most popular by far is the weekly 12/11 105-strike call, followed by the 104-strike call from the same series, with new positions opening at both. Longer term, Starbucks stock has tacked on 69.2% in the last nine months.

Meanwhile, one stock surging on the New York Stock Exchange (NYSE) today is Tenet Healthcare Corp (NYSE:THC), last seen up 16.2% at $40.64,after it was announced that the company is set to acquire a portfolio of up to 45 ambulatory surgery centers in a $1.1 billion cash deal. The equity scored a new five-year high of $41.65 out of the gate, with the 30-day moving average catching pullbacks from earlier in the month.

THC Chart December 10

At the other end of the NYSE, Fisker Inc (NYSE:FSR) is down 8.8% to trade at $15.30, after the company's CEO announced the design of his next vehicle, and Wolfe Research initiated coverage with a "sell" rating. FSR is now trading at its lowest level since early November, but still boasts a 51.6% rise in 2020.

Published on Dec 10, 2020 at 4:32 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
 
Published on Dec 11, 2020 at 9:11 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View
 
Published on Dec 11, 2020 at 11:59 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Midday Market Check

The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are on track for their first weekly loss in three weeks, as bipartisan negotiations surrounding additional coronavirus-related stimulus -- despite being positive -- are going relatively nowhere. At midday, the blue-chip index is down 84 points, as millions of Americans are at risk of losing unemployment benefits in the new year. Elsewhere, the Nasdaq Composite (IXIC) is lower for the day and week as well, dragged down by shares of companies like United Airlines (UAL) and Tesla (TSLA). Lastly, sentiment surrounding advances in Pfizer (PFE) and BioNTech's (BNTX) is helping to keep a lid on losses, as the Food and Drug Administration (FDA) advisory panel recommended emergency approval for the COVID-19 vaccine.

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

  • SolarEdge stock brushes off a bull note.
  • With earnings on the horizon, is PGR a buy?
  • Plus, LULU options volume surging after earnings; Disney+ updates are boosting the equity; and more on SRG's fall on the charts.

Midday Market Stats December 11

Following an earnings and revenue beat, Lululemon Athletica Inc (NASDAQ:LULU) is one stock seeing an incredible amount of options activity today. With the CFO saying the company's upcoming quarter would see more moderate online sales, the equity was last seen down 6.2% to trade at $345.89. So far today, 32,000 calls and 22,000 puts have already crossed the tape -- 10 times the intraday average and volume pacing in the 99th percentile of its annual range. Most popular by far is the weekly 12/11 340-strike put, followed by the December 350 put, with new positions being opened at both. Longer term, Lululemon stock has tacked on 97.6% in the last nine months.

Meanwhile, one stock surging on the New York Stock Exchange (NYSE) today is Walt Disney Co (NYSE:DIS), last seen up 10.2% at a new all-time high of $178.52, after the company announced a slew of new movies and shows for its thriving Disney+ streaming service, and an estimate subscriber growth of up to 260 million by 2024. Members are also going to see a $1 monthly price increase for the platform. DIS is now up 18.4% year-to-date.

At the other end of the NYSE, Seritage Growth Properties (NYSE:SRG) is down 12.7% to trade at $14.96, after the company's CEO Benjamin W. Schall announced he will be resigning in favor of another opportunity. SRG is now down 61.3% in 2020, with the equity poised to close below its 20-day moving average for the first time since Nov. 6.

SRG Chart December 11

Published on Dec 7, 2020 at 4:28 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
 
Published on Dec 8, 2020 at 9:28 AM
Updated on Mar 9, 2022 at 3:00 PM
  • Opening View
 
Published on Dec 8, 2020 at 12:06 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Midday Market Check

Stocks are mixed this afternoon, as U.S. coronavirus cases continue to rise, leaving major indexes struggling for direction. In Washington, negotiations are continuing regarding additional fiscal stimulusand at last check, the Dow Jones Industrial Average (DJI) is up 87 points, as Congress seeks to extend government funding for an additional week. Elsewhere, the S&P 500 Index (SPX) is hovering just above breakeven, while the Nasdaq Composite (IXIC) is lower, just one session removed from its most recent record high close. In other news, the Food and Drug Administration (FDA) said the vaccine developed by Pfizer and BioNTech is safe and effective after one dose, with no safety concerns to be seen.

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

  • Could new legislation help launch these 2 cannabis stocks?
  • Uber stock takes a hit on sale of its self-driving unit.
  • Plus, why Stitch Fix stock soared to record highs; FSLY is surging on the charts; and which healthcare name is underperforming today.

Midday Market Stats December 8

One stock seeing notable options activity today is Stitch Fix Inc (NASDAQ:SFIX), which was last seen up a whopping 41.2% to trade at $50.60, following the company's fiscal first-quarter earnings report. Earlier, SFIX hit an all-time high of $54.94, after just a few days ago suffering a downgrade from Wells Fargo. So far, 71,000 calls and 34,000 puts have crossed the tape today -- 21 times the intraday average and volume pacing in the top percentile of its annual range. Most popular by far is the December 60 call, followed by the weekly 12/11 55-strike call, with new positions being opened at both.

Meanwhile, one stock surging on the New York Stock Exchange (NYSE) today is Fastly Inc (NYSE:FSLY), last seen up 14.9% at 98.07, though the catalyst remains unclear. Fastly stock has had an incredible year, adding 376.5% in 2020. Meanwhile, equity looks poised to close above the $94 for the first time since Oct. 14. Additionally, FSLY has locked in support from its 60-day moving average for just the second time in nearly two months.

FSLY Chart December 8

At the other end of the NYSE, Penumbra Inc (NYSE:PEN) is down 10.1% to trade at $201.62. Though the catalyst for today's negative price action is unclear, it marks the second time the equity has fallen below the $200 level in the last four sessions. The last time the equity traded at such a level was in September. Still, PEN has tacked on 22.6% in 2020.

Published on Dec 8, 2020 at 4:27 PM
Updated on Mar 9, 2022 at 3:00 PM
  • Market Recap
 

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