Today's Stock Market News & Events: 4/9/2021

Today's market-moving economic data and earnings schedule

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Today the week will come to a close with the producer price index (PPI) and wholesale inventories on tap.

The following company is slated to release its quarterly earnings report today, April 9:

JinkoSolar Holding Inc. (NYSE:JKS -- $38.86) engages in the design, development, production, and marketing of photovoltaic products. JinkoSolar Holding will report its Q4 earnings of 2020 before the bell today.

Here is a quick recap of how yesterday's earnings announcements looked:

Apogee Enterprises Inc. (NASDAQ:APOG -- $39.46) designs and develops glass and metal products and services. Apogee Enterprises reported $0.63 EPS for the quarter, beating the consensus estimate of $0.56 by $0.07. The firm had revenue of $308.60 million for the quarter, compared to analysts' expectations of $310.23 million. Its quarterly revenue was down 8.5% compared to the same quarter last year.

Conagra Brands Inc. (NYSE:CAG -- $37.24) operates as a consumer-packaged goods food company in North America. Conagra Brands reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The company earned $2.77 billion during the quarter, compared to the consensus estimate of $2.72 billion. Its revenue was up 8.5% compared to the same quarter last year.

Constellation Brands Inc. (NYSE:STZ -- $234.94) produces, imports, and markets beer, wine, and spirits. Constellation Brands reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.38. The firm earned $1.96 billion during the quarter, compared to the consensus estimate of $1.87 billion. Its revenue was up 3.2% on a year-over-year basis.

Levi Strauss & Co. (NYSE:LEVI -- $24.46) engages in the design, marketing, and sale of apparel products. Levi Strauss reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.10. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.25 billion. Its revenue for the quarter was down 13.3% on a year-over-year basis.

PriceSmart Inc. (NASDAQ:PSMT -- $95.66) engages in the international management and operation of membership warehouse clubs. PriceSmart reported $0.92 EPS for the quarter, missing the consensus estimate of $1.06 by $0.14. The company had revenue of $937.60 million for the quarter, compared to analysts' expectations of $938.35 million. Its revenue was up 3.4% on a year-over-year basis.

WD-40 Co. (NASDAQ:WDFC -- $304.64) develops and sells maintenance products, and homecare and cleaning products. WD-40 reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.32 by $0.08. The business earned $111.91 million during the quarter, compared to analyst estimates of $114.30 million. Its quarterly revenue was up 11.9% compared to the same quarter last year.

Looking ahead to next week, investors will be looking ahead to a slew of economic data. Wall Street has several indicators to keep an eye on, including the Federal budget balance, the Fed's "Beige Book," the latest round of jobless claims, as well as the Empire State Manufacturing Index. Plus, business inventories, retail sales and industrial production data will be coming out, among other relevant figures.

The earnings docket for next week is also full, with several major names set to step into the confessional, including Aphria (APHA), Bed Bath & Beyond (BBBY), Citigroup (C), Delta Airlines (DAL), Goldman Sachs (GS) and UnitedHealth (UNH), to name just a few. All economic dates listed here are tentative and subject to change.

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