Today's Stock Market News & Events: 11/20/2020

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

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Stocks rose on Thursday across all three major U.S. stock markets after back-to-back days of losses as investors flocked toward major tech names in the face of a third-wave of coronavirus infections and after data from Johns Hopkins University showed that the seven-day average of daily new U.S. COVID-19 positive cases clocked over 161,000, and the death toll topped a quarter million. News from Senate Minority Leader Chuck Schumer, that Majority Leader Mitch McConnell is willing to resume stimulus relief talks also boosted investor spirits yesterday. The Dow Jones Industrial Average (DJI - 29,483.23) rose 44.8 points yesterday. The S&P 500 Index (SPX - 3,581.87) gained 14.1 points while the Nasdaq Composite (IXIC - 11,904.71) added 103.1 points for the day yesterday. The Cboe Volatility Index (VIX - 23.11) fell 0.7 point on Thursday, November 19.

TGIF! Today we're looking at a pretty lowkey end to this rollercoaster of a week, as we close out the week with no noteworthy economic data to report. We will, however, see a handful of interesting companies step up to report quarterly earnings today.


For your convenience, we have rounded up the companies slated to release earnings today, November 20:

The Buckle, Inc. (NYSE:BKE -- $28.81) operates as a retailer of casual apparel, footwear, and accessories for young men and women. Buckle will report its third-quarter earnings before the bell today.

Foot Locker, Inc. (NYSE:FL -- $41.33) operates as an athletic footwear and apparel retailer. Foot Locker will report its third-quarter earnings before the bell today.

GSX Techedu, Inc. (NYSE:GSX -- $71.35) provides online K-12 after-school tutoring services in the People's Republic of China. GSX has soared up by 252.9% year-over-year. GSX Techedu will report its third-quarter earnings before the bell today.

HeadHunter Group PLC (NASDAQ:HHR -- $25.27) operates an online recruitment platform. HeadHunter Group will report its third-quarter earnings before the bell today.

Hibbett Sports, Inc. (NASDAQ:HHR -- $42.13) engages in the retail of athletic-inspired fashion products. Hibbett Sports will report its third-quarter earnings of 2021 before the bell today.


Here’s a recap of how yesterday’s earning announcements compared to expectations:

Atkore International Group, Inc. (NYSE:ATKR -- $31.04) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S). Earnings per share increased 16.83% over the past year to $1.18, which beat the estimate of $0.68. Revenue of $477,420,000 declined by 4.84% from the same period last year, which beat the estimate of $430,030,000.

Berry Global, Inc. (NYSE:BERY -- $53.48) manufactures and supplies non-woven, flexible, and rigid products. Earnings per share rose 76.67% year over year to $1.59, which beat the estimate of $1.22. Revenue of $3,008,000,000 declined by 0.36% year over year, which beat the estimate of $2,970,000,000.


BJ's Wholesale Club Holdings, Inc. (NYSE:BJ -- $43.00) operates warehouse clubs on the East Coast of the United States. Earnings per share were up 124.39% year over year to $0.92, which beat the estimate of $0.64. Revenue of $3,732,000,000 higher by 15.58% from the same period last year, which beat the estimate of $3,680,000,000.

Brady Corporation (NYSE:BRC -- $46.62) manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products. Earnings per share were down 8.57% year over year to $0.64, which beat the estimate of $0.57. Revenue of $277,227,000 declined by 3.39% from the same period last year, which beat the estimate of $270,520,000.

Canadian Solar, Inc. (NASDAQ:CSIQ -- $38.72) designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. Earnings per share fell 77.27% year over year to $0.15, which beat the estimate of ($0.05). Revenue of $914,360,000 up by 20.33% year over year, which beat the estimate of $861,930,000.

Macy's, Inc. (NYSE:M -- $8.99) operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. Earnings per share decreased 371.43% year over year to ($0.19), which beat the estimate of ($0.79). Revenue of $3,990,000,000 decreased by 22.87% from the same period last year, which beat the estimate of $3,860,000,000.

MAXIMUS, Inc. (NYSE:MMS -- $73.00) provides business process services (BPS) to government health and human services programs worldwide. Earnings per share rose 9.68% over the past year to $1.02, which beat the estimate of $0.89. Revenue of $923,836,000 higher by 22.37% year over year, which beat the estimate of $862,050,000.

NetEase, Inc. (NASDAQ:NTES -- $85.50) provides online services focusing on content, community, communication, and commerce. Earnings per share fell 84.45% year over year to $0.79, which beat the estimate of $0.39. Revenue of $2,748,000,000 rose by 34.18% from the same period last year, which missed the estimate of $2,770,000,000

The Children's Place, Inc. (NASDAQ:PLCE -- $37.75) operates as a children's specialty apparel retailer. Earnings per share were down 52.48% year over year to $1.44, which beat the estimate of $0.36. Revenue of $425,571,000 declined by 18.91% year over year, which beat the estimate of $392,130,000.

Caleres, Inc. (NYSE:CAL -- $12.18) engages in the retail and wholesale of footwear. Earnings per share decreased 38.46% over the past year to $0.48, which beat the estimate of $0.04. Revenue of $647,480,000 decreased by 18.29% from the same period last year, which beat the estimate of $619,500,000.

Esco Technologies, Inc. (NYSE:ESE -- $99.35) produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. Earnings per share were down 17.43% year over year to $0.90, which beat the estimate of $0.76. Revenue of $208,030,000 declined by 12.10% from the same period last year, which beat the estimate of $188,710,000.

Helmerich & Payne, Inc. (NYSE:HP -- $19.77) engages in drilling oil and gas wells for exploration and production companies. Earnings per share were down 294.74% over the past year to ($0.74), which beat the estimate of ($0.80). Revenue of $208,267,000 decreased by 67.91% from the same period last year, which beat the estimate of $201,980,000.

Post Holdings, Inc. (NYSE:POST -- $97.12) operates as a consumer packaged goods holding company. Earnings per share decreased 58.27% over the past year to $0.58, which missed the estimate of $0.77. Revenue of $1,411,000,000 declined by 2.22% year over year, which missed the estimate of $1,440,000,000.

Ross Stores, Inc. (NASDAQ:ROST -- $111.30) operates off-price retail apparel and home fashion stores. Earnings per share fell 0.97% over the past year to $1.02, which beat the estimate of $0.61. Revenue of $3,755,000,000 declined by 2.44% year over year, which beat the estimate of $3,430,000,000.

Williams-Sonoma, Inc. (NYSE:WSM -- $97.16) operates as an omni-channel specialty retailer of various products for home. Earnings per share were up 150.98% over the past year to $2.56, which beat the estimate of $1.53. Revenue of $1,765,000,000 rose by 22.40% year over year, which beat the estimate of $1,600,000,000.

Woodward, Inc. (NASDAQ:WWD -- $107.49) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. Earnings per share were down 38.52% over the past year to $0.75, which beat the estimate of $0.54. Revenue of $531,264,000 declined by 27.87% from the same period last year, which beat the estimate of $520,520,000.

Workday, Inc. (NASDAQ:WDAY -- $223.61) provides enterprise cloud applications worldwide. Earnings per share rose 62.26% over the past year to $0.86, which beat the estimate of $0.67. Revenue of $1,106,000,000 rose by 17.90% year over year, which beat the estimate of $1,090,000,000.


Even though Wall Street is heading toward a holiday-shortened week next week, there's still plenty for investors to look forward to. Monday features a plethora of data, including the Chicago Fed national activity data, while Tuesday follows up with the Case-Shiller national price index. Wednesday is where the bulk of this week's data is, including employment data, as well as durable goods orders, new home sales, and plenty of consumer data. 

While earnings season is coming to an end, a number of retail names are still ready to release their reports, including Best Buy (BBY), Dick's Sporting Goods (DKS), Dollar Tree (DLTR), Gap (GPS), and Urban Outfitters (URB). All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Remember, the market will be closed on Thursday in observance of Thanksgiving, and closed for a half day on Friday (open from 9:30 a.m. ET until 1:00 p.m. ET).

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