Today's Stock Market News & Events: 12/9/2020

Today's market-moving economic data and earnings schedule

facebook twitter linkedin


Stocks finished the day high on vaccine tailwinds, after the U.S. Federal Drug Administration (FDA) said the vaccine did not present any safety concerns. All three major market indexes clocked record closes on Tuesday. Elsewhere, traders are keeping tabs on the never-ending stimulus talks, as Congress tries to extend government funding for a week in order to reach an agreement. Meanwhile, the U.S. has reported over 14.8 million coronavirus cases, and cities are implementing strict measures to curb the spread of the disease and protect the integrity of hospital systems.

The Dow Jones Industrial Average (DJI - 30,173.88) added 104.09 points yesterday. The S&P 500 Index (SPX - 3,702.25) added 10.3 points on Tuesday and the Nasdaq Composite (IXIC -12,582.77) was up 62.8 points on Tuesday. The Cboe Volatility Index (VIX - 20.68) fell 0.6 point during yesterday's trading session.

Investor attention will shift to jobs openings and wholesale inventories data today. There will also be a great batch of companies slated to report earnings today.

For your convenience, we have rounded up the companies slated to release earnings today, December 9:

Campbell Soup Company (NYSE:CPB -- $48.26) engages in the manufacture and market food and beverage products. Campbell Soup will report its first-quarter earnings of 2021 before the bell today.

Designer Brands, Inc. (NYSE:DBI -- $8.61) designs, manufactures, and retails footwear and accessories. Designer Brands will report its third-quarter earnings before the bell today.

The Lovesac Company (NASDAQ:LOVE -- $33.81) designs, manufactures, and sells foam filled furniture, sectional couches, and related accessories. Lovesac will report its third-quarter earnings before the bell today.

Photronics, Inc. (NASDAQ:PLAB -- $13.21) manufactures and sells photomasks. Photronics will report its fourth-quarter earnings before the bell today.

United Natural Foods, Inc. (NYSE:UNFI -- $18.80) distributes natural, organic, specialty, produce, and conventional grocery and non-food products. United Natural Foods will report its first-quarter earnings of 2021 before the bell today.

Vera Bradley, Inc. (NASDAQ:VRA -- $8.40) designs, manufactures, and sells women's handbags, luggage and travel items, fashion and home accessories, and gifts. Vera Bradley will report its third-quarter earnings before the bell today.

Adobe, Inc. (NASDAQ:ADBE -- $495.28) operates as a diversified software company worldwide. Adobe will report its fourth-quarter earnings after the market closes today.

Comtech Telecommunications Corporation (NASDAQ:CMTL -- $19.84) designs, develops, produces, and markets products, systems, and services for communications solutions. Comtech Telecom will report its first-quarter earnings of 2021 after the market closes today.

Greif, Inc. (NYSE:GEF -- $50.84) produces and sells industrial packaging products and services worldwide. Greif will report its fourth-quarter earnings after the market closes today.

Mesa Air Group, Inc. (NYSE:MESA -- $7.63) operates as the holding company for Mesa Airlines, Inc.. Mesa Air will report its fourth-quarter earnings after the market closes today.

nCino, Inc. (NASDAQ:NCNO -- $90.20) provides cloud-based software applications for financial institutions. nCino will report its third-quarter earnings after the market closes today.

Oxford Industries, Inc. (NYSE:OXM -- $61.62) designs, sources, markets, and distributes products of company owned and licensed brands, and private label apparel products. Oxford Industries will report its third-quarter earnings after the market closes today.

RH (NYSE:RH -- $472.05) operates as a retailer in the home furnishings. RH will report its third-quarter earnings after the market closes today.

Verint Systems, Inc. (NASDAQ:VRNT -- $58.45) provides actionable intelligence solutions worldwide. Verint Systems will report its third-quarter earnings after the market closes today.

Here is a quick recap of how Tuesday's earning calls played out:

AutoZone, Inc. (NYSE:AZO -- $1,157.18) retails and distributes automotive replacement parts and accessories. Earnings per share increased 30.14% over the past year to $18.61, which beat the estimate of $17.77. Revenue of $3,154,000,000 higher by 12.93% from the same period last year, which missed the estimate of $3,160,000,000.

Cantel Medical Corporation (NYSE:CMD -- $61.60) provides infection prevention and control products and services for the healthcare market. Earnings per share rose 38.46% over the past year to $0.90, which beat the estimate of $0.37. Revenue of $297,029,000 up by 15.46% from the same period last year, which beat the estimate of $279,830,000.

Conn's, Inc. (NASDAQ:CONN -- $14.04) operates as a specialty retailer of durable consumer goods and related services. Earnings per share were down 59.02% year over year to $0.25, which beat the estimate of $0.24. Revenue of $334,158,000 decreased by 11.53% year over year, which missed the estimate of $345,190,000.

G-III Apparel Group, Ltd. (NASDAQ:GIII -- $23.98) designs, sources, and markets women's and men's apparel. Earnings per share were down 35.18% over the past year to $1.29, which beat the estimate of $0.77. Revenue of $826,561,000 decreased by 26.72% from the same period last year, which beat the estimate of $768,160,000.

H&R Block, Inc. (NYSE:HRB -- $17.70) provides assisted income tax return preparation, do-it-yourself (DIY) tax, and virtual tax preparation services and products. Earnings per share fell 17.20% year over year to ($1.09), which missed the estimate of ($0.94). Revenue of $176,550,000 rose by 9.79% year over year, which beat the estimate of $163,680,000.

Thor Industries, Inc. (NYSE:THO -- $98.47) designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories. Earnings per share were up 122.83% year over year to $2.05, which beat the estimate of $1.56. Revenue of $2,537,000,000 up by 17.51% from the same period last year, which beat the estimate of $2,370,000,000.

AeroVironment, Inc. (NASDAQ:AVAV -- $91.23) designs, develops, produces, supports, and operates a portfolio of products and services. Earnings per share increased 41.18% over the past year to $0.48, which beat the estimate of $0.31. Revenue of $92,665,000 higher by 11.28% from the same period last year, which beat the estimate of $81,760,000.

Guidewire Software, Inc. (NYSE:GWRE -- $125.47) provides software products for property and casualty insurers worldwide. Earnings per share rose 30.77% year over year to $0.17, which beat the estimate of ($0.05). Revenue of $169,802,000 rose by 8.15% from the same period last year, which beat the estimate of $164,620,000.

MongoDB, Inc. (NASDAQ:MDB -- $280.46) operates as a general-purpose database platform worldwide. Earnings per share were down 19.23% year over year to ($0.31), which beat the estimate of ($0.44). Revenue of $150,771,000 rose by 37.76% from the same period last year, which beat the estimate of $138,690,000.

Phreesia, Inc. (NYSE:PHR -- $49.01) provides an integrated SaaS-based software and payment platform for the healthcare industry. Earnings per share were down 28.57% year over year to ($0.09), which were in line with the estimate of ($0.09). Revenue of $38,464,000 higher by 17.11% from the same period last year, which beat the estimate of $35,560,000.

Looking ahead to tomorrow, the pace will pick up for investors on Thursday, with weekly jobless claims on tap. In addition, a federal budget update and Consumer Price Index (CPI) data are slated to be reported. All economic dates listed here are tentative and subject to change.

Grab your FREE Eternal Contrarian report!


 




 
Special Offers from Schaeffer's Trading Partners