Today's Stock Market News & Events: 11/17/2020

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

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    Stocks kicked off the week on a strong note yesterday, after some preliminary COVID-19 data from Moderna (MRNA) lifted investor sentiment. Still, as new coronavirus cases continue to rise rapidly worldwide, yesterday's trading session gains on vaccine news still had a lid on them. The Dow Jones Industrial Average (DJI - 29,950.44) rose 470.6 points, or 1.6% yesterday. The S&P 500 Index (SPX - 3,626.91) added 41.8 points, or 1.2%, for the day on Monday and the Nasdaq Composite (IXIC - 11,924.13) gained 94.8 points, or 0.8%. The Cboe Volatility Index (VIX - 22.45) dropped 0.7 point, or 2.8% on Monday.

    Today will be jam packed with retail, industrial production, capacity utilization, and business inventories data. We will also see some big retail names entering the earnings confessional, including Home Depot (NYSE:HD) and Walmart (NYSE:WMT). Additionally, the import price and home builders indexes are on tap today.

    For your convenience, we have rounded up the companies slated to release earnings today, November 17:


    Aramark (NYSE:ARMK -- $35.13)
    provides food, facilities, and uniform services. Aramark will report its fourth-quarter earnings before the bell today.

    Evoqua Water Technologies Corp. (NYSE:AQUA -- $28.36) provides a range of water and wastewater treatment systems and technologies, and mobile and emergency water supply solutions and services. Evoqua Water will report its fourth-quarter earnings before the bell today.

    The Home Depot, Inc. (NYSE:HD -- $279.57) engages in the sale of building materials and home improvement products. Home Depot will report its third-quarter earnings before the bell today.

    Kohl's Corporation (NYSE:KSS -- $26.15) operates as a retail company in the United States. Kohl's will report its third-quarter earnings before the bell today.

    Sea Limited (NYSE:SE -- $178.22) engages in the digital entertainment, e-commerce, and digital financial service businesses. Sea Limited will report its third-quarter earnings before the bell today.

    Walmart, Inc. (NYSE:WMT -- $152.44) engages in the retail and wholesale operations in various formats worldwide. Walmart will report its third-quarter earnings before the bell today.

    La-Z-Boy, Inc. (NYSE:LZB -- $37.58) manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and case-goods furniture products. La-Z-Boy will report its second-quarter earnings of 2021 after the market closes today.

    NIO Limited (NYSE:NIO -- $45.58) designs, manufactures, and sells electric vehicles. NIO will report its third-quarter earnings after the market closes today.

    Varex Imaging Corporation (NASDAQ:VREX -- $14.62) designs and manufactures X-ray imaging components. Varex Imaging will report its fourth-quarter earnings after the market closes today.

    Here’s a quick recap of how yesterday’s earning calls went compared to expectations:

    Aecom Technology Corp. (NYSE:ACM -- $49.51) engages in designing, building, financing, and operating infrastructure assets worldwide. Earnings per share decreased 24.05% over the past year to $0.60, which beat the estimate of $0.57. Revenue of $3,569,000,000 decreased by 30.24% year over year, which beat the estimate of $3,360,000,000.

    Azul S.A. (NYSE:AZUL -- $16.04) provides passenger and cargo air transportation services in Brazil. Earnings per share fell 215.62% over the past year to ($0.37), which beat the estimate of ($1.18). Revenue of $149,684,000 decreased by 80.39% year over year, which missed the estimate of $171,580,000.

    JD.com, Inc. (NASDAQ:JD -- $92.08) operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. Earnings per share rose 72.41% over the past year to $0.50, which beat the estimate of $0.40. Revenue of $25,659,000,000 higher by 36.01% from the same period last year, which missed the estimate of $25,700,000,000.

    Palo Alto Networks, Inc. (NYSE:PANW -- $258.70) provides cybersecurity platform solutions worldwide. Earnings per share rose 54.29% over the past year to $1.62, which beat the estimate of $1.33. Revenue of $946,000,000 higher by 22.55% from the same period last year, which beat the estimate of $921,640,000.

    Tyson Foods, Inc. (NYSE:TSN -- $62.35) operates as a food company worldwide. Earnings per share increased 49.59% over the past year to $1.81, which beat the estimate of $1.19. Revenue of $11,460,000,000 higher by 5.29% from the same period last year, which beat the estimate of $11,010,000,000.

    Baidu, Inc. (NASDAQ:BIDU -- $145.08) provides Internet search services in China and internationally. Earnings per share were up 70.45% over the past year to $3.00, which beat the estimate of $2.05. Revenue of $4,158,000,000 up by 5.83% year over year, which beat the estimate of $4,140,000,000.

    Madison Square Garden Entertainment Corp. (NYSE:MSGE -- $79.45) engages in the entertainment business. Earnings per share were up 66.96% year over year to ($1.11), which missed the estimate of ($0.64). Revenue of $57,038,000 decreased by 73.44% year over year, which missed the estimate of $58,120,000.

    SmileDirectClub (NASDAQ:SDC -- $9.41) operates a teledentistry platform. Earnings per share rose 87.64% over the past year to ($0.11), which beat the estimate of ($0.14). Revenue of $156,459,000 declined by 7.24% year over year, which beat the estimate of $146,230,000.


    Looking ahead to tomorrow, October's housing and building permits are slated to be reported on Wednesday, marking another relatively slow day. 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.

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