Today's Stock Market News & Events: 1/11/2021

Today's market-moving economic data and earnings schedule

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The Dow finished the first trading Friday of 2021 at an all-time closing high, despite a disappointing jobs report being released for December. Investor sentiment remains boosted up by the possibility of additional stimulus ahead, following the Democratic victory in the Georgia runoff election mid-week. All three major indexes nabbed weekly wins last week. 

The Dow Jones Industrial Average (DJI - 31,097.97) added 56.8 points on Friday and posted a 1.6% gain for last week. The S&P 500 Index (SPX - 3,824.68) added 20.9 points for the day on Friday and posted a 1.8% weekly gain last week. The Nasdaq Composite (IXIC - 13,201.97) added 134.5 points on Friday and posted a weekly win of 1%. The Cboe Volatility Index (VIX - 21.56) lost 0.8 points on Friday and lost  5.2% overall last week.

With 2021 officially underway, the second week of the year is chock full of economic data for investors to unpack. The weeks starts off on a slow note, with no economic data, though Tuesday will feature the National Federation of Independent Business (NFIB) small-business index. Rounding out the week from Wednesday onward is the Consumer Price Index (CPI), jobs data, and the import price index. Friday closes out the week with plenty to digest, including the Empire state index, as well as preliminary consumer sentiment index data.

Today's trading session kicks the week off on a slow note, as there's no notable economic data due out.

The following companies are slated to release quarterly earnings reports today, January 11:

AZZ, Inc. (NYSE:AZZ -- $49.40) provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services. AZZ will report its third-quarter earnings before the bell today.

Commercial Metals Company (NYSE:CMC -- $22.56) manufactures, recycles, and fabricates steel and metal products, and related materials and services. Commercial Metals will report its first-quarter earnings before the bell today.

SYNNEX Corporation (NYSE:SNX -- $86.90) provides business process services. Synnex will report its fourth-quarter earnings of 2020 after the market closes today.

Here is a quick recap of how last week's earnings reports played out:

Acuity Brands, Inc. (NYSE:AYI -- $128.30) provides lighting and building management solutions and services. Earnings per share decreased 4.69% year over year to $2.03, which beat the estimate of $1.84. Revenue of $792,000,000 decreased by 5.12% from the same period last year, which beat the estimate of $788,070,000.

AngioDynamics, Inc. (NASDAQ:ANGO -- $16.19) designs, manufactures, and sells various medical, surgical, and diagnostic devices. Earnings per share were down 83.33% year over year to $0.01, which beat the estimate of ($0.02). Revenue of $72,770,000 rose by 3.95% year over year, which beat the estimate of $67,350,000.

Bed Bath & Beyond, Inc. (NASDAQ:BBBY -- $21.03) operates a chain of retail stores. Earnings per share rose 121.05% over the past year to $0.08, which missed the estimate of $0.19. Revenue of $2,618,000,000 decreased by 5.11% from the same period last year, which missed the estimate of $2,750,000,000.

Conagra Brands, Inc. (NYSE:CAG -- $35.73) operates as a consumer packaged goods food company. Earnings per share rose 28.57% year over year to $0.81, which beat the estimate of $0.73. Revenue of $2,995,200,000 rose by 6.18% from the same period last year, which beat the estimate of $2,990,000,000.

Helen of Troy, Ltd. (NASDAQ:HELE -- $228.51) designs, develops, imports, markets, and distributes a portfolio of consumer products. Earnings per share were up 20.51% year over year to $3.76, which beat the estimate of $3.02. Revenue of $637,737,000 up by 34.33% year over year, which beat the estimate of $551,850,000.

Lamb Weston Holdings, Inc. (NYSE:LW -- $76.63) produces, distributes, and markets value-added frozen potato products. Earnings per share fell 30.53% year over year to $0.66, which beat the estimate of $0.62. Revenue of $896,100,000 declined by 12.06% year over year, which beat the estimate of $876,790,000.

Lindsay Corporation (NYSE:LNN -- $137.70) provides water management and road infrastructure products and services. Earnings per share decreased 15.58% year over year to $0.65, which missed the estimate of $0.75. Revenue of $108,485,000 declined by 0.83% from the same period last year, which missed the estimate of $113,070,000.

Walgreens Boots Alliance, Inc. (NYSE:WBA -- $34.56) operates as a pharmacy-led health and beauty retail company. Earnings per share fell 10.95% year over year to $1.22, which beat the estimate of $1.03. Revenue of $36,307,000,000 rose by 5.73% from the same period last year, which beat the estimate of $34,950,000,000.

Micron, Inc. (NASDAQ:MU -- $77.11) designs, manufactures, and sells memory and storage products. Earnings per share rose 62.50% over the past year to $0.78, which beat the estimate of $0.71. Revenue of $5,773,000,000 rose by 12.23% from the same period last year, which beat the estimate of $5,730,000,000.

PriceSmart, Inc. (NASDAQ:PSMT -- $97.43) owns and operates U.S. style membership shopping warehouse clubs. Earnings per share increased 40.62% year over year to $0.90, which beat the estimate of $0.68. Revenue of $877,432,000 higher by 8.07% from the same period last year, which beat the estimate of $837,370,000.

WD-40 Company (NASDAQ:WDFC -- $265.25) develops and sells maintenance products, and homecare and cleaning products. Earnings per share were up 95.45% over the past year to $1.72, which beat the estimate of $1.03. Revenue of $124,559,000 rose by 26.38% year over year, which beat the estimate of $106,850,000.

Looking ahead to tomorrow, the NFIB small-business index is on deck for investors to unpack, as well as the latest job openings report. All economic dates listed here are tentative and subject to change.

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