Stocks fell for a second-straight day yesterday, taking an extended breather after the market's recent rally to record highs on Monday. All three major U.S. stock market indexes fell on Wednesday as investors considered the recent vaccine developments at the same time that coronavirus cases continued to surge. Amazon.com (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Facebook (FB) all backpedaled yesterday, too. The Dow Jones Industrial Average (DJI - 29,438.42) lost 344.9 points on Wednesday, while the S&P 500 Index (SPX - 3,567.79) fell 41.7 points. The Nasdaq Composite (IXIC - 11,801.60) lost 97.74 points during yesterday's trading session. The Cboe Volatility Index (VIX - 23.84) rose 1.1 point for the day yesterday.
Investors can expect that plenty of data is due out today. This data includes jobless claims data, the Philly Fed index, and existing home sales. Also set to be reported on is last month's leading economic indicators. We will, however, see some big retail names entering the earnings confessional, including Macy's (NYSE:M), BJ's Wholesale (NYSE:BJ), Ross Stores (NASDAQ:ROST), and Williams-Sonoma (NYSE:WSM).
For your convenience, we have rounded up the companies slated to release earnings today, November 19:
Atkore International Group, Inc. (NYSE:ATKR -- $31.04) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S). Atkore International will report its fourth-quarter earnings before the bell today.
Berry Global, Inc. (NYSE:BERY -- $53.48) manufactures and supplies non-woven, flexible, and rigid products. Berry Global will report its fourth-quarter earnings before the bell today.
BJ's Wholesale Club Holdings, Inc. (NYSE:BJ -- $43.00) operates warehouse clubs on the East Coast of the United States. BJ's Wholesale will report its third-quarter earnings before the bell today.
Brady Corporation (NYSE:BRC -- $46.62) manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products. Brady will report its fourth-quarter earnings before the bell today.
Canadian Solar, Inc. (NASDAQ:CSIQ -- $38.72) designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. Canadian Solar will report its third-quarter earnings before the bell today.
Macy's, Inc. (NYSE:M -- $8.99) operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. Macy's will report its third-quarter earnings before the bell today.
MAXIMUS, Inc. (NYSE:MMS -- $73.00) provides business process services (BPS) to government health and human services programs worldwide. MAXIMUS will report its third-quarter earnings before the bell today.
Netease, Inc. (NASDAQ:NTES -- $85.50) provides online services focusing on content, community, communication, and commerce. NTES is currently up by 27.5% year-over-year. Netease will report its third-quarter earnings before the bell today.
The Children's Place, Inc. (NASDAQ:PLCE -- $37.75) operates as a children's specialty apparel retailer. The Children's Place will report its third-quarter earnings before the bell today.
Beacon Roofing Supply, Inc. (NASDAQ:BECN -- $37.13) distributes residential and commercial roofing materials, and other complementary building materials. Beacon Roofing Supply will report its third-quarter earnings before the bell today.
BEST, Inc. (NYSE:BEST -- $3.13) operates as a smart supply chain service provider in the People's Republic of China. BEST will report its third-quarter earnings before the bell today.
Caleres, Inc. (NYSE:CAL -- $12.18) engages in the retail sale and wholesale of footwear. Caleres will report its third-quarter earnings before the bell today.
Esco Technologies, Inc. (NYSE:ESE -- $99.35) produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. Esco Tech will report its third-quarter earnings before the bell today.
Helmerich & Payne, Inc. (NYSE:HP -- $19.77) engages in drilling oil and gas wells for exploration and production companies. Helmerich & Payne will report its fourth-quarter earnings before the bell today.
Intuit Surgical, Inc. (NASDAQ:ISRG -- $733.38) designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Intuit will report its third-quarter earnings before the bell today.
Post Holdings, Inc. (NYSE:POST -- $97.12) operates as a consumer packaged goods holding company. Post will report its fourth-quarter earnings before the bell today.
Ross Stores, Inc. (NASDAQ:ROST -- $111.30) operates off-price retail apparel and home fashion stores. Ross Stores will report its third-quarter earnings before the bell today.
Williams-Sonoma, Inc. (NYSE:WSM -- $97.16) operates as an omni-channel specialty retailer of various products for home. Williams-Sonoma will report its third-quarter earnings before the bell today.
Woodward, Inc. (NASDAQ:WWD -- $107.49) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. Woodward will report its fourth-quarter earnings before the bell today.
Workday, Inc. (NASDAQ:WDAY -- $223.61) provides enterprise cloud applications worldwide. Workday will report its third-quarter earnings before the bell today.
Here’s a recap of how yesterday’s earning reports compared to expectations:
Avaya Holdings Corp. (NYSE:AVYA -- $19.49) provides digital communications products, solutions, and services for businesses worldwide. Earnings per share decreased 45.07% year over year to $0.39, which may not compare to the estimate of $1.20. Revenue of $755,000,000 higher by 4.43% year over year, which beat the estimate of $733,550,000.
Lowe's Companies, Inc. (NYSE:LOW -- $159.86) operates as a home improvement retailer. Earnings per share rose 40.43% year over year to $1.98, which missed the estimate of $1.99. Revenue of $22,309,000,000 higher by 28.30% from the same period last year, which beat the estimate of $21,250,000,000.
Spire, Inc. (NYSE:SR -- $64.54) engages in the purchase, retail distribution, and sale of natural gas. Earnings per share rose 31.48% over the past year to ($0.37), which beat the estimate of ($0.41). Revenue of $251,900,000 rose by 11.66% from the same period last year, which missed the estimate of $298,070,000.
The TJX Companies, Inc. (NYSE:TJX -- $61.14) operates as an off-price apparel and home fashions retailer. Earnings per share increased 4.41% over the past year to $0.71, which beat the estimate of $0.40. Revenue of $10,117,000,000 decreased by 3.20% from the same period last year, which beat the estimate of $9,360,000,000.
Copa Holdings Holdings, S.A. (NYSE:CPA -- $73.53) provides airline passenger and cargo services. Earnings per share were down 216.73% over the past year to ($2.86), which missed the estimate of ($2.74). Revenue of $32,382,000 declined by 95.43% year over year, which missed the estimate of $39,020,000.
Copart, Inc. (NASDAQ:CPRT -- $116.19) provides online auctions and vehicle remarketing services. Earnings per share were up 21.54% year over year to $0.79, which beat the estimate of $0.71. Revenue of $592,940,000 higher by 6.95% year over year, which beat the estimate of $577,750,000.
Jack In The Box, Inc. (NASDAQ:JACK -- $87.06) operates and franchises Jack in the Box quick-service restaurants. Earnings per share increased 69.47% over the past year to $1.61, which beat the estimate of $1.14. Revenue of $255,401,000 up by 15.44% year over year, which beat the estimate of $249,190,000.
Keysight Technologies, Inc. (NYSE:KEYS -- $117.56) provides electronic design and test solutions. Earnings per share increased 21.80% year over year to $1.62, which beat the estimate of $1.46. Revenue of $1,220,000,000 up by 8.73% from the same period last year, which beat the estimate of $1,180,000,000.
L Brands, Inc. (NYSE:LB -- $35.45) operates as a specialty retailer of women's intimate and other apparel, personal care, and beauty and home fragrance products. Earnings per share rose 5550.00% over the past year to $1.13, which beat the estimate of $0.09. Revenue of $3,055,000,000 rose by 14.12% from the same period last year, which beat the estimate of $2,670,000,000.
Nuance Communications, Inc. (NASDAQ:NUAN -- $34.44) provides conversational artificial intelligence (AI) innovations. Earnings per share decreased 45.45% year over year to $0.18, which beat the estimate of $0.16. Revenue of $352,931,000 declined by 25.01% year over year, which beat the estimate of $345,720,000.
PagSeguro Digital Ltd. (NYSE:PAGS -- $45.24) provides financial technology solutions and services. Earnings per share decreased 46.43% over the past year to $0.15, which missed the estimate of $0.20. Revenue of $331,354,000 decreased by 5.63% year over year, which beat the estimate of $320,940,000.
Shoe Carnival, Inc. (NASDAQ:SCVL -- $36.08) operates as a family footwear retailer in the United States. Earnings per share increased 9.57% year over year to $1.03, which beat the estimate of $0.70. Revenue of $274,579,000 declined by 0.02% year over year, which missed the estimate of $275,580,000.
UGI Corporation (NYSE:UGI -- $36.26) distributes, stores, transports, and markets energy products and related services. Earnings per share increased 150.00% over the past year to $0.05, which beat the estimate of ($0.30). Revenue of $1,124,000,000 decreased by 2.26% from the same period last year, which missed the estimate of $1,220,000,000.
ZTO Express (Cayman), Inc. (NYSE:ZTO -- $33.06) provides express delivery and other value-added logistics services in the People's Republic of China. Earnings per share decreased 4.17% year over year to $0.23, which were in line with the estimate of $0.23. Revenue of $977,795,000 up by 32.73% year over year, which beat the estimate of $949,840,000.
Looking ahead to tomorrow, we're looking at a pretty lowkey end to this rollercoaster of a week, as Friday closes out the week with no noteworthy economic data to report. 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.