Today's Stock Market News & Events: 11/12/2020

Today's market-moving economic data and full earnings schedule

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    We thank and salute all of our veterans, past and present, who have served our country so bravely.We hope that you were able to enjoy a day of appreciation from all Americans yesterday in observance of Veteran's Day. The stock market stayed relatively quiet yesterday thanks to Veteran's Day, though sentiment remains strong following Pfizer (PFE) and BioNTech's (BNTX) upbeat vaccine news on Monday. Investors continued to ditch stay-at-home stocks in favor of stocks within sectors hinging more on a recovering economy. This caused the Dow to stumble in for a loss, while the S&P 500 and the Nasdaq both recovered from their losses during Tuesday's trading session.

    The Dow Jones Industrial Average (DJI - 29,397.63) fell 0.08% for the day on Tuesday. The S&P 500 Index (SPX - 3,572.66) added 0.8% yesterday and the Nasdaq Composite (IXIC - 11,786.43) rose 2% for the day. The Cboe Volatility Index (VIX - 23.45) lost 5.4% for the day yesterday.

    ICYMI yesterday, don't make the mistake of missing these actionable trading insights again today:

    Does it seems as though everything for the week will be packed into today? It is. Initial and continuing jobless claims are due out today. Additionally, there's the core consumer price index (CPI) and federal budget data set to be released as well. Earnings will come rolling in for this week's quarterly report frenzy, featuring Wix.com (WIX), Applied Materials (AMAT), and Walt Disney (DIS).

    For your convenience, we have rounded up the companies slated to release earnings today, November 12:

    Brookfield Asset Management, Inc. (NYSE:BAM -- $37.70) engages in the management of public and private investment products and services. Brookfield Asset Mgmt will report its third-quarter earnings before the bell today.

    Edgewell Personal Care Company (NYSE:EPC -- $32.38) engages in manufacturing and marketing of personal care products. EPC stock has dropped 7.4% year-to-date. Edgewell Personal Care will report its fourth-quarter earnings before the bell today.

    Endava plc (NYSE:DAVA -- $68.52) provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals. Endava will report its first-quarter earnings of 2021 before the bell today.

    Energizer Holdings, Inc. (NYSE:ENR -- $47.18) manufacturers and markets batteries and lighting products. Energizer will report its fourth-quarter earnings before the bell today.

    GoodRx Holdings, Inc. (NASDAQ:GDRX -- $51.10) owns and operates a prescription drug price comparison platform. GoodRx will report its third-quarter earnings before the bell today.

    Himax Technologies, Inc. (NASDAQ:HIMX -- $51.10) provides display imaging processing technologies. HIMX is currently up by 46.0% year-over-year. Himax Technologies will report its third-quarter earnings before the bell today.

    InMode Ltd. (NASDAQ:INMD -- $43.60) designs, develops, manufactures and markets minimally-invasive aesthetic medical products. InMode will report its third-quarter earnings before the bell today.

    Meritor, Inc. (NYSE:MTOR -- $27.98) engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. Meritor will report its fourth-quarter earnings before the bell today.

    NICE Ltd. (NASDAQ:NICE -- $246.00) provides enterprise software solutions worldwide. NICE stock is trading up 6.5% year-to-date. NICE will report its third-quarter earnings before the bell today.

    Nova Measuring Instruments Ltd. (NASDAQ:NVMI -- $60.91) designs, develops, produces, and sells process control systems used in the manufacture of semiconductors. Nova Measuring will report its third-quarter earnings before the bell today.

    Pinduoduo, Inc. (NASDAQ:PDD -- $111.46) operates an e-commerce platform in the People's Republic of China. PDD stock is up 89.1% year-to-date. Pinduoduo will report its third-quarter earnings before the bell today.

    Sally Beauty Holdings, Inc. (NYSE:SBH -- $10.82) operates as a specialty retailer and distributor of professional beauty supplies. Sally Beauty will report its third-quarter earnings before the bell today.

    Schrodinger, Inc. (NASDAQ:SDGR -- $51.43) provides computational platform to accelerate drug discovery and materials design. Schrodinger will report its third-quarter earnings before the bell today.

    SFL Corporation Ltd. (NYSE:SFL -- $7.68) engages in the ownership, operation, and chartering out of vessels and offshore related assets. SFL will report its third-quarter earnings before the bell today.

    SSR Mining, Inc. (NASDAQ:SSRM -- $18.12) engages in the acquisition, exploration, development, and operation of precious metal resource properties. SSR Mining will report its third-quarter earnings before the bell today.

    Stratasys Ltd. (NASDAQ:SSYS -- $14.88) provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. SSYS stock is down 18.8% year-over-year. Stratasys will report its third-quarter earnings before the bell today.

    Teekay LNG Partners L.P. (NYSE:TGP -- $12.06) provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG). TGP stock has remained essentially flat year-over-year. Teekay LNG Partners will report its third-quarter earnings before the bell today.

    Teekay Tankers Ltd. (NYSE:TNK -- $11.09) provides marine transportation services to oil industries. TNK stock is down 9.2% year-over-year. Teekay Tankers will report its third-quarter earnings before the bell today.

    Transdigm Group Incorporated (NYSE:TDG -- $560.81) designs, produces, and supplies aircraft components. Transdigm Group will report its fourth-quarter earnings before the bell today.

    Tufin Software Technologies Ltd. (NYSE:TUFN -- $7.33) develops, markets, and sells software-based solutions. Tufin Software will report its third-quarter earnings before the bell today.

    Wix.com Ltd. (NASDAQ:WIX -- $269.78) develops and markets a cloud-based platform that enables anyone to create a website or web application. WIX stock is up 29.2% year-to-date. Wix.com will report its third-quarter earnings before the bell today.

    Algonquin Power & Utilities Corp. (NYSE:AQN -- $16.38) engages in the manufacture and distribution of atmospheric gases. Algonquin Power & Utilities will report its first-quarter earnings of 2021 after the market closes today.

    American Well Corporation (NYSE:AMWL -- $27.01) provides a telehealth application that connects and enables providers, insurers, patients, and innovators. American Well will report its third-quarter earnings after the market closes today.

    Applied Materials, Inc. (NASDAQ:AMAT -- $71.16) provides manufacturing equipment, services, and software. Applied Materials will report its fourth-quarter earnings after the market closes today.

    Cisco Systems, Inc. (NASDAQ:CSCO -- $39.33) designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry. Cisco will report its first-quarter earnings of 2021 after the market closes today.

    Digi International, Inc. (NASDAQ:DGII -- $17.66) provides Internet of Things connectivity products, services, and solutions. Digi International will report its third-quarter earnings after the market closes today.

    Dillard's, Inc. (NYSE:DDS -- $46.02) operates as a fashion apparel, cosmetics, and home furnishing retailer. Dillard's will report its third-quarter earnings after the market closes today.

    Dolby Laboratories, Inc. (NYSE:DLB -- $84.03) creates audio and imaging technologies that transform entertainment and communications at the cinema, at home, at work, and on mobile devices. Dolby Laboratories will report its fourth-quarter earnings after the market closes today.

    Farfetch Limited (NYSE:FTCH -- $42.59) engages in the provision of technology platform for the luxury fashion industry. Farfetch will report its third-quarter earnings after the market closes today.

    Globant S.A. (NYSE:GLOB -- $186.73) operates as a technology services company worldwide. Globant will report its third-quarter earnings after the market closes today.

    Inari Medical, Inc. (NASDAQ:NARI -- $77.19) is a commercial-stage medical device company. Inari will report its third-quarter earnings after the market closes today.

    Jamf Holding Corp. (NASDAQ:JAMF -- $33.87) engages in the provision of Apple-focused device management solution. Jamf Holding will report its third-quarter earnings after the market closes today.

    Palantir Technologies, Inc. (NYSE:PLTR -- $15.96) builds and deploys software platforms for the intelligence community. Palantir Technologies will report its third-quarter earnings after the market closes today.

    Unity Software, Inc. (NYSE:U -- $105.58) operates a real-time 3D development platform. Unity Software will report its third-quarter earnings after the market closes today.

    The Walt Disney Company (NYSE:DIS -- $137.82) operates as an entertainment company worldwide. Walt Disney will report its third-quarter earnings after the market closes today.

    And a quick recap of how yesterday’s earning reports compared to expectations:

    Air Products and Chemicals, Inc. (NYSE:APD -- $309.97) provides atmospheric gases, process and specialty gases, equipment, and services worldwide. Earnings per share fell 3.52% year over year to $2.19, which missed the estimate of $2.21. Revenue of $2,320,000,000 higher by 1.62% year over year, which beat the estimate of $2,270,000,000.

    DouYu International Holdings Limited (NASDAQ:DOYU -- $13.61) operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Earnings per share were up 50.00% year over year to $0.06, which missed the estimate of $0.09. Revenue of $373,276,000 rose by 43.04% from the same period last year, which missed the estimate of $381,960,000.

    HUYA, Inc. (NYSE:HUYA -- $19.91) operates game live streaming platforms in the People's Republic of China. Earnings per share increased 83.33% year over year to $0.22, which were in line with the estimate of $0.22. Revenue of $414,581,000 rose by 30.82% year over year, which missed the estimate of $435,870,000.

    Atmos Energy Corporation (NYSE:ATO -- $102.45) engages in the regulated natural gas distribution, and pipeline and storage businesses. Earnings per share were up 8.16% over the past year to $0.53, which beat the estimate of $0.51. Revenue of $474,914,000 higher by 7.04% year over year, which missed the estimate of $603,470,000.

    Enersys (NYSE:ENS -- $83.08) manufactures, markets, and distributes industrial batteries. Earnings per share fell 18.70% year over year to $1.00, which beat the estimate of $0.98. Revenue of $708,400,000 decreased by 7.05% year over year, which missed the estimate of $723,610,000.

    Hillenbrand, Inc. (NYSE:HI -- $33.15) operates as a diversified industrial company. Earnings per share increased 21.05% year over year to $0.92, which beat the estimate of $0.56. Revenue of $693,700,000 up by 42.80% year over year, which beat the estimate of $620,380,000.

    SpartanNash Company (NASDAQ:SPTN -- $18.50) distributes and retails grocery products. Earnings per share increased 133.33% year over year to $0.70, which beat the estimate of $0.62. Revenue of $2,061,000,000 up by 3.05% from the same period last year, which missed the estimate of $2,140,000,000.


    It's Friday the 13th, tomorrow! To round things up this week, tomorrow's trading session will feature the producer price index (PPI) and consumer sentiment data on the stock market stage. DraftKings (DKS) will enter the earnings confessional with a few other companies, too, before the market opens

     

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