After starting the week strong with positive vaccine new, stocks headed significantly lower on Thursday as the swift uptick in COVID-19 infections has put a damper on investor sentiment The health of the economy appears to be murky heading into the end of 2020. In addition, U.S. Federal Chairman Jerome Powell said the U.S. economic outlook remains unclear. The Dow Jones Industrial Average (DJI - 29,080.17) fell 317.5 points yesterday. The S&P 500 Index (SPX - 3,537.01) dropped 35.7 points and the Nasdaq Composite (IXIC - 11,709.59) shed 76.8 points for the day yesterday. The Cboe Volatility Index (VIX - 25.35) rose 1.9 point on Thursday.
Before the opening bell rings today to close out the week, be sure click here to catch up on Schaeffer's market analysis posted on Thursday. Remember, now is a great time to subscribe to 5-Minute Market Rundown, delivered every Saturday morning. It's a great resource if you miss a few days in the market or you just want to begin prepping for the coming week.
As this week comes to an end, today's trading session features 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 on Friday the 13th.
For your convenience, we have rounded up the companies slated to release earnings today, November 13:
DraftKings, Inc. (NASDAQ:DKNG -- $41.25) operates as a digital sports entertainment and gaming company. DraftKings will report its third-quarter earnings before the bell today.
Spectrum Brands Holdings, Inc. (NYSE:SPB -- $63.52) operates as a branded consumer products company worldwide. Spectrum Brands will report its fourth-quarter earnings before the bell today.
Vipshop Holdings Limited (NYSE:VIPS -- $22.15) operates as an online discount retailer for various brands in the People's Republic of China. VIPS stock is up 18.2% year-over-year. Vipshop will report its third-quarter earnings before the bell today.
Below is a recap of how yesterday’s earning reports fared against expectations:
Brookfield Asset Management, Inc. (NYSE:BAM -- $37.70) engages in the management of public and private investment products and services. Earnings per share decreased 89.01% over the past year to $0.10, which missed the estimate of $0.47. Revenue of $16,249,000,000 declined by 9.10% year over year, which beat the estimate of $15,840,000,000.
Edgewell Personal Care Company (NYSE:EPC -- $32.38) engages in manufacturing and marketing of personal care products. Earnings per share decreased 31.40% year over year to $0.59, which beat the estimate of $0.56. Revenue of $488,800,000 declined by 7.42% year over year, which beat the estimate of $466,410,000.
Energizer Holdings, Inc. (NYSE:ENR -- $47.18) manufacturers and markets batteries and lighting products. Earnings per share decreased 36.56% year over year to $0.59, which missed the estimate of $0.81. Revenue of $763,000,000 higher by 6.12% year over year, which beat the estimate of $747,210,000.
Himax Technologies, Inc. (NASDAQ:HIMX -- $51.10) provides display imaging processing technologies. Earnings per share rose 275.00% year over year to $0.07, which beat the estimate of $0.03. Revenue of $239,934,000 rose by 46.07% from the same period last year, which beat the estimate of $215,220,000.
Meritor, Inc. (NYSE:MTOR -- $27.98) engages in the design, production, and trade of integrated systems, modules, and components to original equipment manufacturers. Earnings per share decreased 81.93% over the past year to $0.15, which beat the estimate of $0.03. Revenue of $758,000,000 decreased by 26.26% year over year, which beat the estimate of $702,100,000.
Nova Measuring Instruments Ltd. (NASDAQ:NVMI -- $60.91) designs, develops, produces, and sells process control systems used in the manufacture of semiconductors. Earnings per share increased 42.50% year over year to $0.57, which beat the estimate of $0.47. Revenue of $69,485,000 higher by 32.33% year over year, which beat the estimate of $65,420,000.
Pinduoduo, Inc. (NASDAQ:PDD -- $111.46) operates an e-commerce platform in the People's Republic of China. Earnings per share were up 125.00% year over year to $0.05, which beat the estimate of ($0.17). Revenue of $2,093,000,000 up by 99.14% year over year, which beat the estimate of $1,860,000,000.
Sally Beauty Holdings, Inc. (NYSE:SBH -- $10.82) operates as a specialty retailer and distributor of professional beauty supplies. Earnings per share increased 8.62% over the past year to $0.63, which beat the estimate of $0.56. Revenue of $957,812,000 decreased by 0.84% from the same period last year, which missed the estimate of $985,850,000.
Stratasys Ltd. (NASDAQ:SSYS -- $14.88) provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Earnings per share fell 141.67% year over year to ($0.05), which beat the estimate of ($0.07). Revenue of $127,892,000 decreased by 18.78% year over year, which beat the estimate of $122,140,000.
Transdigm Group Incorporated (NYSE:TDG -- $560.81) designs, produces, and supplies aircraft components. Earnings per share decreased 48.58% year over year to $2.89, which beat the estimate of $1.98. Revenue of $1,173,000,000 decreased by 23.88% year over year, which beat the estimate of $1,100,000,000.
Tufin Software Technologies Ltd. (NYSE:TUFN -- $7.33) develops, markets, and sells software-based solutions. Earnings per share increased 82.35% year over year to ($0.03), which beat the estimate of ($0.16). Revenue of $25,600,000 unchanged by 0.00% from the same period last year, which beat the estimate of $23,620,000.
Wix.com Ltd. (NASDAQ:WIX -- $269.78) develops and markets a cloud-based platform that enables anyone to create a website or web application. Earnings per share were down 134.15% over the past year to ($0.14), which beat the estimate of ($0.15). Revenue of $254,180,000 rose by 29.16% from the same period last year, which beat the estimate of $249,910,000.
Applied Materials, Inc. (NASDAQ:AMAT -- $71.16) provides manufacturing equipment, services, and software. Earnings per share increased 56.25% over the past year to $1.25, which beat the estimate of $1.17. Revenue of $4,688,000,000 higher by 24.88% year over year, which beat the estimate of $4,600,000,000.
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. Earnings per share fell 9.52% over the past year to $0.76, which beat the estimate of $0.70. Revenue of $11,929,000,000 decreased by 9.35% from the same period last year, which beat the estimate of $11,850,000,000.
Digi International, Inc. (NASDAQ:DGII -- $17.66) provides Internet of Things connectivity products, services, and solutions. Earnings per share were up 77.78% over the past year to $0.32, which beat the estimate of $0.09. Revenue of $73,169,000 higher by 12.64% from the same period last year, which beat the estimate of $72,040,000.
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. Earnings per share fell 31.82% over the past year to $0.45, which beat the estimate of $0.34. Revenue of $271,191,000 declined by 9.25% year over year, which beat the estimate of $244,440,000.
Farfetch Limited (NYSE:FTCH -- $42.59) engages in the provision of technology platform for the luxury fashion industry. Earnings per share rose 5.56% over the past year to ($0.17), which beat the estimate of ($0.40). Revenue of $437,700,000 rose by 71.32% year over year, which beat the estimate of $367,120,000.
Globant S.A. (NYSE:GLOB -- $186.73) operates as a technology services company worldwide. Earnings per share decreased 3.23% over the past year to $0.60, which beat the estimate of $0.58. Revenue of $207,223,000 higher by 20.95% from the same period last year, which beat the estimate of $203,760,000.
Investors have a lot to look forward to next week with plenty economic data that needs unpacking. While Monday will be relatively quiet, Tuesday will feature retail data as well as the import price and home builders indexes. Weekly jobless claims data is due out on Thursday, alongside the Philly Fed index the previous month's leading economic indicators. The week will close out quietly, as no economic data is on tap for the last day of the week. Although the blitz of earnings season is beginning to wind down slowly, there are a number of retail names slated to report next week including blue-chips Home Depot (HD) and Walmart, and other retail giants such as Kohl's (KSS), Macy's (M), and Target (TGT).
All earnings and economic dates listed here are tentative and subject to change. Please check with each company's respective website for official reporting dates.